Okamoto Industries (TSE:5122) Cash-to-Debt : 10.10 (As of Dec. 2023)

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What is Okamoto Industries 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. Okamoto Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was 10.10.

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

TSE:5122' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.93 Med: 6.27 Max: 10.11
Current: 10.1

During the past 13 years, Okamoto Industries's highest Cash to Debt Ratio was 10.11. The lowest was 2.93. And the median was 6.27.

TSE:5122's Cash-to-Debt is ranked better than
82.08% of 1551 companies
in the Chemicals industry
Industry Median: 0.73 vs TSE:5122: 10.10

Okamoto Industries Cash-to-Debt Historical Data

The historical data trend for Okamoto Industries'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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Okamoto Industries Cash-to-Debt Chart

Okamoto Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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6.18

7.42

7.98

9.04

10.01

Okamoto Industries 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															9.45	10.01	9.50	10.11	10.10

Competitive Comparison of Okamoto Industries's Cash-to-Debt

For the Specialty Chemicals subindustry, Okamoto Industries'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.

Okamoto Industries's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Okamoto Industries's Cash-to-Debt distribution charts can be found below:

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

Okamoto Industries 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.

Okamoto Industries'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)
	=	34221	/	(3318	+	100)
	=	10.01

Okamoto Industries'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)
	=	35691	/	(3391	+	144)
	=	10.10

Okamoto Industries (TSE:5122) 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.

Okamoto Industries Cash-to-Debt Related Terms

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Okamoto Industries (TSE:5122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Okamoto Industries Inc (TSE:5122) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-27-12, Hongo, Bunkyo-ku, Tokyo, JPN, 113-8710

Website

http://www.okamoto-inc.jp

Okamoto Industries Inc is in the business of manufacturing condoms and heating pads. It is also involved in the business of plastic films, automotive materials, wallpaper, flexible container bags, adhesive tape, rubber bands, and solar power generation business. The company has manufacturing plants in Shizuoka, Ibaraki and Fukushima.

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