SEC CARBON (TSE:5304) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is SEC CARBON 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. SEC CARBON's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, SEC CARBON could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

The historical rank and industry rank for SEC CARBON's Cash-to-Debt or its related term are showing as below:

TSE:5304' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.15 Med: 389.32 Max: 22344
Current: 22344

During the past 13 years, SEC CARBON's highest Cash to Debt Ratio was 22344.00. The lowest was 2.15. And the median was 389.32.

TSE:5304's Cash-to-Debt is ranked better than
99.93% of 1485 companies
in the Chemicals industry
Industry Median: 0.73 vs TSE:5304: 22344.00

SEC CARBON Cash-to-Debt Historical Data

The historical data trend for SEC CARBON'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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SEC CARBON Cash-to-Debt Chart

SEC CARBON Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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370.46

554.17

1,319.88

2,766.71

22,344.00

SEC CARBON 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															2,766.71	No Debt	No Debt	No Debt	22,344.00

Competitive Comparison of SEC CARBON's Cash-to-Debt

For the Specialty Chemicals subindustry, SEC CARBON'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.

SEC CARBON's Cash-to-Debt Distribution in the Chemicals Industry

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

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

SEC CARBON 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.

SEC CARBON'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)
	=	22344	/	(1	+	0)
	=	22,344.00

SEC CARBON's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

SEC CARBON had no debt ⁽¹⁾.

SEC CARBON (TSE:5304) 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.

SEC CARBON Cash-to-Debt Related Terms

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

SEC CARBON (TSE:5304) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » SEC CARBON Ltd (TSE:5304) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2-6 Shioe, Amagasaki, Hyogo, JPN

Website

http://sec-carbon.com

SEC CARBON Ltd engages in the manufacture and sale of carbon products. It offers SK-B graphitized cathode blocks for aluminum smelting; graphite electrodes that are used in electric arc furnaces for steelmaking; and carbon and graphite specialties and materials for use in the semiconductor, aerospace, chemical, electrochemistry, machine, and metallurgy industries. The company also provides the fine powder that is used in various industries, such as paint, sliding materials, metallurgic uses, and batteries.

SEC CARBON (TSE:5304) Headlines

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SEC CARBON (TSE:5304) Cash-to-Debt : No Debt (1) (As of Dec. 2023)