Tomoe Engineering Co (TSE:6309) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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What is Tomoe Engineering 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. Tomoe Engineering Co's cash to debt ratio for the quarter that ended in Jan. 2024 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, Tomoe Engineering Co could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

(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 Tomoe Engineering Co's Cash-to-Debt or its related term are showing as below:

TSE:6309' s Cash-to-Debt Range Over the Past 10 Years
Min: 12.99 Med: No Debt Max: No Debt
Current: 101.21

During the past 13 years, Tomoe Engineering Co's highest Cash to Debt Ratio was No Debt. The lowest was 12.99. And the median was No Debt.

TSE:6309's Cash-to-Debt is ranked better than
89.37% of 2926 companies
in the Industrial Products industry
Industry Median: 1.23 vs TSE:6309: 101.21

Tomoe Engineering Co Cash-to-Debt Historical Data

The historical data trend for Tomoe Engineering 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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Tomoe Engineering Co Cash-to-Debt Chart

Tomoe Engineering Co Annual Data

Trend

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Cash-to-Debt

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No Debt

Tomoe Engineering Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	102.48	No Debt	No Debt

Competitive Comparison of Tomoe Engineering Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Tomoe Engineering 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.

Tomoe Engineering Co's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Tomoe Engineering 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.

Tomoe Engineering Co's Cash to Debt Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Tomoe Engineering Co had no debt ⁽¹⁾.

Tomoe Engineering Co's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Tomoe Engineering Co had no debt ⁽¹⁾.

Tomoe Engineering Co (TSE:6309) 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.

Tomoe Engineering Co Cash-to-Debt Related Terms

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Tomoe Engineering Co (TSE:6309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tomoe Engineering Co Ltd (TSE:6309) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

12F Art-Village Osaki Centraltower, 1-2-2 Osaki, Shinagawa-ku, Tokyo, JPN, 141-0032

Website

http://www.tomo-e.co.jp

Tomoe Engineering Co Ltd is engaged in the manufacture and distribution of machinery. The product line includes - HED type centrifugal dehydrator, Tomoe belt concentrator, and rotary pressurized dehydrator, and others. The company is also involved in the import and export of synthetic resins, industrial chemicals, inorganic materials, electronic materials, liquors, and related products.

Tomoe Engineering Co (TSE:6309) Headlines

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Tomoe Engineering Co (TSE:6309) Cash-to-Debt : No Debt (1) (As of Jan. 2024)