Kyoritsu Co (TSE:7795) Cash-to-Debt : 0.83 (As of Dec. 2023)

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What is Kyoritsu 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. Kyoritsu Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.83.

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, Kyoritsu Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSE:7795' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.69 Med: No Debt Max: No Debt
Current: 0.83

During the past 6 years, Kyoritsu Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.69. And the median was No Debt.

TSE:7795's Cash-to-Debt is ranked better than
62.72% of 523 companies
in the Conglomerates industry
Industry Median: 0.48 vs TSE:7795: 0.83

Kyoritsu Co Cash-to-Debt Historical Data

The historical data trend for Kyoritsu 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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Kyoritsu Co Cash-to-Debt Chart

Kyoritsu Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.69

Kyoritsu Co Quarterly Data
	Mar18	Mar19	Mar20	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						0.80	0.69	0.74	0.79	0.83

Competitive Comparison of Kyoritsu Co's Cash-to-Debt

For the Conglomerates subindustry, Kyoritsu 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.

Kyoritsu Co's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Kyoritsu Co's Cash-to-Debt distribution charts can be found below:

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

Kyoritsu 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.

Kyoritsu 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)
	=	10514.232	/	(5382.726	+	9851.9)
	=	0.69

Kyoritsu 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)
	=	13067.099	/	(5549.647	+	10232.866)
	=	0.83

Kyoritsu Co (TSE:7795) 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.

Kyoritsu Co Cash-to-Debt Related Terms

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Kyoritsu Co (TSE:7795) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Kyoritsu Co Ltd (TSE:7795) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

36-1, Shimizu-cho, Itabashi-ku, Tokyo, JPN, 174-8860

Website

https://www.kyoritsu-hd.co.jp

Kyoritsu Co Ltd is a Business strategy formulation and management of group companies engaged in general printing business, BPO business, digital business, environmental business and others.

Kyoritsu Co (TSE:7795) Headlines

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