TV Asahi Holdings (TSE:9409) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is TV Asahi Holdings Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. TV Asahi Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, TV Asahi Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for TV Asahi Holdings's Cash-to-Debt or its related term are showing as below:

TSE:9409' s Cash-to-Debt Range Over the Past 10 Years
Min: 35.05 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, TV Asahi Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 35.05. And the median was No Debt.

TSE:9409's Cash-to-Debt is ranked better than
99.81% of 1039 companies
in the Media - Diversified industry
Industry Median: 1.28 vs TSE:9409: No Debt

TV Asahi Holdings Cash-to-Debt Historical Data

The historical data trend for TV Asahi Holdings's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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TV Asahi Holdings Cash-to-Debt Chart

TV Asahi Holdings Annual Data

Trend

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Mar23

Cash-to-Debt

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No Debt

TV Asahi Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of TV Asahi Holdings's Cash-to-Debt

For the Broadcasting subindustry, TV Asahi Holdings's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TV Asahi Holdings's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, TV Asahi Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where TV Asahi Holdings's Cash-to-Debt falls into.

TV Asahi Holdings Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

TV Asahi Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

TV Asahi Holdings had no debt ⁽¹⁾.

TV Asahi Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

TV Asahi Holdings had no debt ⁽¹⁾.

TV Asahi Holdings (TSE:9409) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

TV Asahi Holdings Cash-to-Debt Related Terms

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TV Asahi Holdings (TSE:9409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » TV Asahi Holdings Corp (TSE:9409) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

THDDY:USA

Address

6-9-1, Roppongi, Minato-ku, Tokyo, JPN, 106-8001

Website

http://www.tv-asahihd.co.jp

TV Asahi Holdings Corporation is a Japanese multimedia group. Ranging from its primary business of broadcast TV, the company owns and manages music publishing and miscellaneous businesses. The Television Broadcasting segment is involved in the production and broadcasting of TV programs. The Music Publishing segment attends to music copyrights and related rights as well as the artist management and recording businesses and through the Others segment, it is engaged in event management and the sale of digital goods such as DVDs. The company derives its revenue from TV Broadcasting Business.

TV Asahi Holdings (TSE:9409) Headlines

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TV Asahi Holdings (TSE:9409) Cash-to-Debt : No Debt (1) (As of Dec. 2023)