Japan Airport Terminal Co (TSE:9706) Cash-to-Debt : 0.43 (As of Dec. 2023)

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What is Japan Airport Terminal Co 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. Japan Airport Terminal Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.43.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Japan Airport Terminal Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Japan Airport Terminal Co's Cash-to-Debt or its related term are showing as below:

TSE:9706' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 0.43 Max: 0.8
Current: 0.43

During the past 13 years, Japan Airport Terminal Co's highest Cash to Debt Ratio was 0.80. The lowest was 0.20. And the median was 0.43.

TSE:9706's Cash-to-Debt is ranked worse than
53.36% of 967 companies
in the Transportation industry
Industry Median: 0.49 vs TSE:9706: 0.43

Japan Airport Terminal Co Cash-to-Debt Historical Data

The historical data trend for Japan Airport Terminal Co'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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Japan Airport Terminal Co Cash-to-Debt Chart

Japan Airport Terminal Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.41

0.30

0.46

0.38

0.37

Japan Airport Terminal Co 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															0.38	0.37	0.37	0.41	0.43

Competitive Comparison of Japan Airport Terminal Co's Cash-to-Debt

For the Airports & Air Services subindustry, Japan Airport Terminal Co'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.

Japan Airport Terminal Co's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Japan Airport Terminal Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Japan Airport Terminal Co's Cash-to-Debt falls into.

Japan Airport Terminal Co 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.

Japan Airport Terminal Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	90241	/	(15709	+	228127)
	=	0.37

Japan Airport Terminal Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	101560	/	(16044	+	218292)
	=	0.43

Japan Airport Terminal Co (TSE:9706) 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.

Japan Airport Terminal Co Cash-to-Debt Related Terms

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Japan Airport Terminal Co (TSE:9706) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Japan Airport Terminal Co Ltd (TSE:9706) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

JTTRY:USA 0JA:Germany

Address

3-2, Haneda Airport 3-Chome, Ohta-ku, Tokyo, JPN, 144-0041

Website

http://www.tokyo-airport-bldg.co.jp

Japan Airport Terminal Co Ltd is a Japanese airport operations company. It is principally involved in the management and operation of Haneda airport terminal building. The company's business consists of three segments, Facilities Management, Merchandise Sales, and Food and Beverage. The segment of facilities management operations leases, maintains and repairs, and operates passenger terminal facilities at Haneda Airport. The segment of merchandise sales operations is engaged in retail sales of products to passengers and others and wholesales of products to companies operating airport terminals and others. The segment of food and beverage operations provides food and beverage services to parties including users of Haneda Airport and Narita International Airport.

Japan Airport Terminal Co (TSE:9706) Headlines

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