Taisei Lamick Co (TSE:4994) Cash-to-Debt : 117.09 (As of Dec. 2023)

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What is Taisei Lamick 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. Taisei Lamick Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 117.09.

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

TSE:4994' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.79 Med: 1.81 Max: 117.09
Current: 117.09

During the past 13 years, Taisei Lamick Co's highest Cash to Debt Ratio was 117.09. The lowest was 0.79. And the median was 1.81.

TSE:4994's Cash-to-Debt is ranked better than
93.25% of 385 companies
in the Packaging & Containers industry
Industry Median: 0.4 vs TSE:4994: 117.09

Taisei Lamick Co Cash-to-Debt Historical Data

The historical data trend for Taisei Lamick 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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Taisei Lamick Co Cash-to-Debt Chart

Taisei Lamick Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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1.48

2.65

4.86

7.98

15.92

Taisei Lamick 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															56.03	15.92	82.07	86.68	117.09

Competitive Comparison of Taisei Lamick Co's Cash-to-Debt

For the Packaging & Containers subindustry, Taisei Lamick 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.

Taisei Lamick Co's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Taisei Lamick Co's Cash-to-Debt distribution charts can be found below:

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

Taisei Lamick 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.

Taisei Lamick 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)
	=	5740.978	/	(114.949	+	245.604)
	=	15.92

Taisei Lamick 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)
	=	4876.921	/	(41.65	+	0)
	=	117.09

Taisei Lamick Co (TSE:4994) 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.

Taisei Lamick Co Cash-to-Debt Related Terms

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Taisei Lamick Co (TSE:4994) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Taisei Lamick Co Ltd (TSE:4994) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

873-1 Shimo-Ohsaki Shiraoka-machi, Minamisaitama-gun, Saitama, JPN, 349-0293

Website

http://www.lamick.co.jp

Taisei Lamick Co Ltd is a Japan-based company offering packaging materials and solutions. The company is mainly engaged in the manufacturing and sale of packaging products including plastic films, retort pouches and pouches with zippers for automatic filling with liquids and pastes. Taisei Lamick also produces and sells automated high-speed filling machines under the name DANGAN, and provides peripheral equipment, such as high-speed cutting machines and continuous cooling systems for packaging bags.

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