Fukuoka Financial Group (Fukuoka Financial Group) Cash-to-Debt : 1.05 (As of Dec. 2023)

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What is Fukuoka Financial Group 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. Fukuoka Financial Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.05.

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, Fukuoka Financial Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Fukuoka Financial Group's Cash-to-Debt or its related term are showing as below:

FKKFF' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.01 Med: 1.24 Max: 1.53
Current: 1.01

During the past 13 years, Fukuoka Financial Group's highest Cash to Debt Ratio was 1.53. The lowest was 1.01. And the median was 1.24.

FKKFF's Cash-to-Debt is ranked worse than
57.47% of 1425 companies
in the Banks industry
Industry Median: 1.29 vs FKKFF: 1.01

Fukuoka Financial Group Cash-to-Debt Historical Data

The historical data trend for Fukuoka Financial Group'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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Fukuoka Financial Group Cash-to-Debt Chart

Fukuoka Financial Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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1.03

1.36

1.53

1.16

1.01

Fukuoka Financial Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.16	1.15	1.03	1.05	1.01

Competitive Comparison of Fukuoka Financial Group's Cash-to-Debt

For the Banks - Regional subindustry, Fukuoka Financial Group'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.

Fukuoka Financial Group's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Fukuoka Financial Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Fukuoka Financial Group's Cash-to-Debt falls into.

Fukuoka Financial Group Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Fukuoka Financial Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	56401.094	/	(0	+	55655.139)
	=	1.01

Fukuoka Financial Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	60626.664	/	(0	+	57960.801)
	=	1.05

Fukuoka Financial Group (OTCPK:FKKFF) 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.

Fukuoka Financial Group Cash-to-Debt Related Terms

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Fukuoka Financial Group (Fukuoka Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Fukuoka Financial Group Inc (OTCPK:FKKFF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FKKFY:USA 8354:Japan 4FK:Germany

Address

1-8-3, Otemon, Chuo-ku, Fukuoka, JPN, 810-8693

Website

http://www.fukuoka-fg.com

Fukuoka Financial Group is a Japan-based financial holding company that is principally engaged in banking business through its subsidiaries, including the Bank of Fukuoka, the Kumamoto Bank, and the Shinwa Bank. The company conducts its core business (banking) through a branch network in Japan and overseas markets, including China, Thailand, Singapore, and the United States. The company also conducts other businesses, such as a securities business, an office work agent business, a loan guarantee business, a credit card business, a collateral valuation business, a consulting business, investments and loans, and others. The company generates the majority of its operating income from Japan.

Fukuoka Financial Group (Fukuoka Financial Group) Headlines

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