Kyowa Leather Cloth Co (TSE:3553) Cash-to-Debt : 37.70 (As of Dec. 2023)

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What is Kyowa Leather Cloth 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. Kyowa Leather Cloth Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 37.70.

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, Kyowa Leather Cloth Co 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 Kyowa Leather Cloth Co's Cash-to-Debt or its related term are showing as below:

TSE:3553' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.71 Med: 16.04 Max: 41.26
Current: 41.26

During the past 13 years, Kyowa Leather Cloth Co's highest Cash to Debt Ratio was 41.26. The lowest was 11.71. And the median was 16.04.

TSE:3553's Cash-to-Debt is ranked better than
89.66% of 1509 companies
in the Chemicals industry
Industry Median: 0.74 vs TSE:3553: 41.26

Kyowa Leather Cloth Co Cash-to-Debt Historical Data

The historical data trend for Kyowa Leather Cloth 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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Kyowa Leather Cloth Co Cash-to-Debt Chart

Kyowa Leather Cloth Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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19.24

16.71

24.44

31.32

41.26

Kyowa Leather Cloth Co 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															31.32	30.73	36.53	37.70	41.26

Competitive Comparison of Kyowa Leather Cloth Co's Cash-to-Debt

For the Chemicals subindustry, Kyowa Leather Cloth 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.

Kyowa Leather Cloth Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kyowa Leather Cloth Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kyowa Leather Cloth Co's Cash-to-Debt falls into.

Kyowa Leather Cloth 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.

Kyowa Leather Cloth Co'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)
	=	14771	/	(358	+	0)
	=	41.26

Kyowa Leather Cloth 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)
	=	13872	/	(368	+	0)
	=	37.70

Kyowa Leather Cloth Co (TSE:3553) 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.

Kyowa Leather Cloth Co Cash-to-Debt Related Terms

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Kyowa Leather Cloth Co (TSE:3553) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kyowa Leather Cloth Co Ltd (TSE:3553) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1876 Higashi-machi, Minami-ku, Shizuoka Prefecture, Hamamatsu, JPN, 30-8510

Website

http://www.kyowale.co.jp

Kyowa Leather Cloth Co Ltd is a Japan-based chemical manufacturer. The company is mainly engaged in the manufacturing, processing, and sales of various synthetic resin products. It operates in Automotive, Housing and Fashion and lifestyle business divisions. Kyowa offers synthetic leather cover materials for automotive interiors, decorative products like wall covering paper or film, wood paneling for furniture, interior doors and walls, steel laminated decorative film, polyvinyl chloride (PVC) products consisting of handbags, shoes, and accessories.

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