Shizuoka Financial Group (TSE:5831) Cash-to-Debt : 1.30 (As of Dec. 2023)

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What is Shizuoka Financial Group 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. Shizuoka Financial Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.30.

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, Shizuoka Financial Group 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 Shizuoka Financial Group's Cash-to-Debt or its related term are showing as below:

TSE:5831' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.04 Med: 1.17 Max: 1.4
Current: 1.3

During the past 1 years, Shizuoka Financial Group's highest Cash to Debt Ratio was 1.40. The lowest was 1.04. And the median was 1.17.

TSE:5831's Cash-to-Debt is ranked better than
50.18% of 1425 companies
in the Banks industry
Industry Median: 1.3 vs TSE:5831: 1.30

Shizuoka Financial Group Cash-to-Debt Historical Data

The historical data trend for Shizuoka Financial Group'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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Shizuoka Financial Group Cash-to-Debt Chart

Shizuoka Financial Group Annual Data

Trend

Mar23

Cash-to-Debt

1.13

Shizuoka Financial Group Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	1.04	1.13	1.40	1.17	1.30

Competitive Comparison of Shizuoka Financial Group's Cash-to-Debt

For the Banks - Regional subindustry, Shizuoka Financial Group'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.

Shizuoka Financial Group's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Shizuoka Financial Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shizuoka Financial Group's Cash-to-Debt falls into.

Shizuoka Financial Group Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Shizuoka Financial Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1747165	/	(0	+	1543203)
	=	1.13

Shizuoka Financial Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1699528	/	(0	+	1309466)
	=	1.30

Shizuoka Financial Group (TSE:5831) 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.

Shizuoka Financial Group Cash-to-Debt Related Terms

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Shizuoka Financial Group (TSE:5831) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Shizuoka Financial Group Inc (TSE:5831) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SFGIF:USA

Address

1-10, Gofukucho, Aoi-ku, Shizuoka-shi, Shizuoka, JPN, 420-0031

Website

https://www.shizuoka-fg.co.jp

Shizuoka Financial Group Inc is involved in the banking business. It provides various banking products and services.

Shizuoka Financial Group (TSE:5831) Headlines

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