ADTEC PLASMA TECHNOLOGY Co (TSE:6668) Cash-to-Debt : 0.41 (As of Feb. 2024)

View and export this data going back to 2004. Start your Free Trial

What is ADTEC PLASMA TECHNOLOGY 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. ADTEC PLASMA TECHNOLOGY Co's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.41.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, ADTEC PLASMA TECHNOLOGY Co couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

The historical rank and industry rank for ADTEC PLASMA TECHNOLOGY Co's Cash-to-Debt or its related term are showing as below:

TSE:6668' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.39 Med: 0.57 Max: 0.8
Current: 0.41

During the past 13 years, ADTEC PLASMA TECHNOLOGY Co's highest Cash to Debt Ratio was 0.80. The lowest was 0.39. And the median was 0.57.

TSE:6668's Cash-to-Debt is ranked worse than
71.37% of 3007 companies
in the Industrial Products industry
Industry Median: 1.18 vs TSE:6668: 0.41

ADTEC PLASMA TECHNOLOGY Co Cash-to-Debt Historical Data

The historical data trend for ADTEC PLASMA TECHNOLOGY 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.

* Premium members only.

ADTEC PLASMA TECHNOLOGY Co Cash-to-Debt Chart

ADTEC PLASMA TECHNOLOGY Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

Get a 7-Day Free Trial

0.74

0.67

0.60

0.46

0.41

ADTEC PLASMA TECHNOLOGY Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.40	0.39	0.41	0.42	0.41

Competitive Comparison of ADTEC PLASMA TECHNOLOGY Co's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, ADTEC PLASMA TECHNOLOGY 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.

ADTEC PLASMA TECHNOLOGY Co's Cash-to-Debt Distribution in the Industrial Products Industry

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

* The bar in red indicates where ADTEC PLASMA TECHNOLOGY Co's Cash-to-Debt falls into.

ADTEC PLASMA TECHNOLOGY 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.

ADTEC PLASMA TECHNOLOGY Co's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	5927	/	(8328	+	6285)
	=	0.41

ADTEC PLASMA TECHNOLOGY Co's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	5556	/	(8033	+	5677)
	=	0.41

ADTEC PLASMA TECHNOLOGY Co (TSE:6668) 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.

ADTEC PLASMA TECHNOLOGY Co Cash-to-Debt Related Terms

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

ADTEC PLASMA TECHNOLOGY Co (TSE:6668) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ADTEC PLASMA TECHNOLOGY Co Ltd (TSE:6668) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-10, 5-chome, Hikino-cho, Fukuyama City, Hiroshima, JPN, 721-0942

Website

http://www.adtec-rf.com

ADTEC PLASMA TECHNOLOGY CO., Ltd. is a Japan-based company. It is mainly engaged in the design, manufacture, and sale of radio frequency (RF) plasma generators. Products offered by the company include visual matching unit, visual matching unit, digital RF power tracer, and chamber analyzer.

ADTEC PLASMA TECHNOLOGY Co (TSE:6668) Headlines

No Headlines