Toa (TSE:1885) Cash-to-Debt : 1.07 (As of Dec. 2023)

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What is Toa 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. Toa's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.07.

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, Toa 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 Toa's Cash-to-Debt or its related term are showing as below:

TSE:1885' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.6 Med: 1.13 Max: 1.34
Current: 1.2

During the past 13 years, Toa's highest Cash to Debt Ratio was 1.34. The lowest was 0.60. And the median was 1.13.

TSE:1885's Cash-to-Debt is ranked better than
62.37% of 1653 companies
in the Construction industry
Industry Median: 0.62 vs TSE:1885: 1.20

Toa Cash-to-Debt Historical Data

The historical data trend for Toa'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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Toa Cash-to-Debt Chart

Toa Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

1.27

1.13

1.04

0.60

1.20

Toa 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															0.60	0.87	0.76	1.07	1.20

Competitive Comparison of Toa's Cash-to-Debt

For the Engineering & Construction subindustry, Toa'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.

Toa's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Toa's Cash-to-Debt distribution charts can be found below:

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

Toa 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.

Toa's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 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)
	=	57063	/	(37896	+	9806)
	=	1.20

Toa'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)
	=	39727	/	(29910	+	7118)
	=	1.07

Toa (TSE:1885) 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.

Toa Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Toa's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Toa (TSE:1885) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Toa Corp (TSE:1885) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-7-1, Nishi-shinjuku, Shinjuku-ku, Tokyo, JPN, 163-1031

Website

http://www.toa-const.co.jp

Toa Corp is a Japan-based engineering and construction company. The company's business activities encompass contracting, planning, designing, execution, and supervision of civil engineering and architectural works; dredging, reclamation, and land preparation; surveying and geological investigations; equipment and property leasing; maintenance of roads, railroads, ports and harbors, airports, waterworks and sewer systems, government offices, and so on; construction of power-generation facilities; and others. The company generates the majority of its sales from the domestic Japanese market.

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