Cluster Technology Co (TSE:4240) Cash-to-Debt : 116.34 (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Cluster Technology 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. Cluster Technology Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 116.34.

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

TSE:4240' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.88 Med: No Debt Max: No Debt
Current: 116.34

During the past 13 years, Cluster Technology Co's highest Cash to Debt Ratio was No Debt. The lowest was 6.88. And the median was No Debt.

TSE:4240's Cash-to-Debt is ranked better than
92.28% of 2344 companies
in the Hardware industry
Industry Median: 1.34 vs TSE:4240: 116.34

Cluster Technology Co Cash-to-Debt Historical Data

The historical data trend for Cluster Technology 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.

* Premium members only.

Cluster Technology Co Cash-to-Debt Chart

Cluster Technology Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

53.66

67.55

74.64

Cluster Technology 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															83.11	74.64	94.44	No Debt	116.34

Competitive Comparison of Cluster Technology Co's Cash-to-Debt

For the Electronic Components subindustry, Cluster Technology 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.

Cluster Technology Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Cluster Technology Co's Cash-to-Debt distribution charts can be found below:

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

Cluster Technology 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.

Cluster Technology 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)
	=	875.781	/	(2.324	+	9.41)
	=	74.64

Cluster Technology 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)
	=	888.014	/	(0	+	7.633)
	=	116.34

Cluster Technology Co (TSE:4240) 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.

Cluster Technology Co Cash-to-Debt Related Terms

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

Cluster Technology Co (TSE:4240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cluster Technology Co Ltd (TSE:4240) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-28, 4-chome, Shibukawa-cho Higashi Osaka, Osaka prefecture, Osaka, JPN, 577-0836

Website

http://www.cluster-tech.co.jp

Cluster Technology Co Ltd develops and manufactures composite materials and Nano-micromachining including metal mold making. It also manufactures and sale molding dies, plastic molding materials. Its nanotechnology/microtechnology business products include sensor holders for autofocus of digital single lens reflex cameras, peripheral parts of image sensors, base parts of inkjet heads.

Cluster Technology Co (TSE:4240) Headlines

No Headlines