NPR-Riken (TSE:6209) Cash-to-Debt : 1.30 (As of Dec. 2023)

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What is NPR-Riken 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. NPR-Riken'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, NPR-Riken 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 NPR-Riken's Cash-to-Debt or its related term are showing as below:

TSE:6209's Cash-to-Debt is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 0.58
* Ranked among companies with meaningful Cash-to-Debt only.

NPR-Riken Cash-to-Debt Historical Data

The historical data trend for NPR-Riken'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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NPR-Riken Cash-to-Debt Chart

NPR-Riken Annual Data

Trend

Mar24

Cash-to-Debt

1.24

NPR-Riken Quarterly Data
	Dec23	Mar24
Cash-to-Debt	1.30	1.24

Competitive Comparison of NPR-Riken's Cash-to-Debt

For the Auto Parts subindustry, NPR-Riken'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.

NPR-Riken's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, NPR-Riken's Cash-to-Debt distribution charts can be found below:

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

NPR-Riken 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.

NPR-Riken'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)
	=	24440	/	(10220	+	9565)
	=	1.24

NPR-Riken'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)
	=	24745	/	(8778	+	10224)
	=	1.30

NPR-Riken (TSE:6209) 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.

NPR-Riken Cash-to-Debt Related Terms

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NPR-Riken (TSE:6209) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NPR-Riken Corp (TSE:6209) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8-1, Sanbancho, Chiyoda-ku, Tokyo, JPN, 102-0075

Website

https://www.npr-riken.co.jp

NPR-Riken Corp is engaged in the Management of group companies such as subsidiaries that manufacture and/or sale of automotive and marine-related products and other products.

NPR-Riken (TSE:6209) Headlines

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