Gun Ei Chemical Industry Co (TSE:4229) Cash-to-Debt : 14.35 (As of Dec. 2023)

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What is Gun Ei Chemical Industry 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. Gun Ei Chemical Industry Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 14.35.

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, Gun Ei Chemical Industry 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 Gun Ei Chemical Industry Co's Cash-to-Debt or its related term are showing as below:

TSE:4229' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.84 Med: 12.94 Max: No Debt
Current: 14.35

During the past 13 years, Gun Ei Chemical Industry Co's highest Cash to Debt Ratio was No Debt. The lowest was 3.84. And the median was 12.94.

TSE:4229's Cash-to-Debt is ranked better than
84.73% of 1480 companies
in the Chemicals industry
Industry Median: 0.73 vs TSE:4229: 14.35

Gun Ei Chemical Industry Co Cash-to-Debt Historical Data

The historical data trend for Gun Ei Chemical Industry 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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Gun Ei Chemical Industry Co Cash-to-Debt Chart

Gun Ei Chemical Industry Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

7.02

21.33

179.68

16.89

13.99

Gun Ei Chemical Industry 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															12.12	13.99	14.45	14.36	14.35

Competitive Comparison of Gun Ei Chemical Industry Co's Cash-to-Debt

For the Specialty Chemicals subindustry, Gun Ei Chemical Industry 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.

Gun Ei Chemical Industry Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Gun Ei Chemical Industry Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Gun Ei Chemical Industry Co's Cash-to-Debt falls into.

Gun Ei Chemical Industry 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.

Gun Ei Chemical Industry 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)
	=	9260	/	(0	+	662)
	=	13.99

Gun Ei Chemical Industry 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)
	=	9759	/	(0	+	680)
	=	14.35

Gun Ei Chemical Industry Co (TSE:4229) 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.

Gun Ei Chemical Industry Co Cash-to-Debt Related Terms

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

Gun Ei Chemical Industry Co (TSE:4229) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gun Ei Chemical Industry Co Ltd (TSE:4229) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 Shukuorui-machi, Takasaki, JPN, 370-0032

Website

http://www.gunei-chemical.co.jp

Gun Ei Chemical Industry Co Ltd is a chemical manufacturer. The company operates in two business segments. The Chemical segment manufactures and sells industrial phenol resin, urea-melamine-based adhesives, casting binders, spherical resin, plasticizers, formalin, Bisphenol F, resin and hardener for molding processes, high-function fiber, and resin-coated sand. The Real Estate Utilization segment is involved the real estate leasing business.

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