Japan Insulation Co (TSE:5368) Cash-to-Debt : 5.42 (As of Dec. 2023)

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What is Japan Insulation 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. Japan Insulation Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 5.42.

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

TSE:5368' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.58 Med: 2.88 Max: 5.42
Current: 5.42

During the past 6 years, Japan Insulation Co's highest Cash to Debt Ratio was 5.42. The lowest was 0.58. And the median was 2.88.

TSE:5368's Cash-to-Debt is ranked better than
72.41% of 3005 companies
in the Industrial Products industry
Industry Median: 1.18 vs TSE:5368: 5.42

Japan Insulation Co Cash-to-Debt Historical Data

The historical data trend for Japan Insulation 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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Japan Insulation Co Cash-to-Debt Chart

Japan Insulation Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.79

1.36

1.97

3.21

4.47

Japan Insulation Co Quarterly Data
	Mar18	Mar19	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														3.99	4.47	4.45	4.94	5.42

Competitive Comparison of Japan Insulation Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Japan Insulation 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.

Japan Insulation Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Japan Insulation Co's Cash-to-Debt distribution charts can be found below:

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

Japan Insulation 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.

Japan Insulation 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)
	=	4368.707	/	(596.788	+	380.89)
	=	4.47

Japan Insulation 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)
	=	5456.129	/	(565.924	+	441.25)
	=	5.42

Japan Insulation Co (TSE:5368) 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.

Japan Insulation Co Cash-to-Debt Related Terms

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Japan Insulation Co (TSE:5368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Japan Insulation Co Ltd (TSE:5368) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beside Kiba 3rd Floor, 2-17-16, Kiba, Koto-ku, Tokyo, JPN, 135-0042

Website

https://www.jic-bestork.co.jp

Japan Insulation Co Ltd is engaged in manufacturing and selling heat insulating materials made of Xonotlite-type calcium silicate. The company develops, produces, and sells disaster prevention materials to disturb a fire, including fireproof and non-combustible materials for buildings, non-combustible interior materials for ships, thermal insulation materials for plant equipment, fireproof materials for telecommunication cables for bridges and tunnels, boards for processing sculptures and signboards, and lightweight and highly heat resistant inorganic powder.

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