Niigata Kotsu Co (TSE:9017) Cash-to-Debt : 0.10 (As of Dec. 2023)

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What is Niigata Kotsu 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. Niigata Kotsu Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.10.

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, Niigata Kotsu 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 Niigata Kotsu Co's Cash-to-Debt or its related term are showing as below:

TSE:9017' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.08 Max: 0.1
Current: 0.1

During the past 13 years, Niigata Kotsu Co's highest Cash to Debt Ratio was 0.10. The lowest was 0.06. And the median was 0.08.

TSE:9017's Cash-to-Debt is ranked worse than
82.88% of 958 companies
in the Transportation industry
Industry Median: 0.48 vs TSE:9017: 0.10

Niigata Kotsu Co Cash-to-Debt Historical Data

The historical data trend for Niigata Kotsu 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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Niigata Kotsu Co Cash-to-Debt Chart

Niigata Kotsu Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.10

0.06

0.08

0.09

Niigata Kotsu Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.09	0.09	0.09	0.10	0.10

Competitive Comparison of Niigata Kotsu Co's Cash-to-Debt

For the Railroads subindustry, Niigata Kotsu 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.

Niigata Kotsu Co's Cash-to-Debt Distribution in the Transportation Industry

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

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

Niigata Kotsu 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.

Niigata Kotsu 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)
	=	2493.727	/	(6578.394	+	22901.034)
	=	0.08

Niigata Kotsu 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)
	=	2760.466	/	(11807.254	+	15991.85)
	=	0.10

Niigata Kotsu Co (TSE:9017) 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.

Niigata Kotsu Co Cash-to-Debt Related Terms

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Niigata Kotsu Co (TSE:9017) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Niigata Kotsu Co Ltd (TSE:9017) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-6-1 Bandai Chuo-ku, Niigata, JPN, 950-8544

Website

http://www.niigata-kotsu.co.jp

Niigata Kotsu Co.Ltd. provides passenger transport services in Japan. The company's core business activities are categorised into four key segments - Transport, Real Estate, Products Sales, and Ryokan Business. The majority of its revenue is derived from the Transport business segment. It offers stagecoach bus and coach services; hotel and restaurant services; advertising agency services; air transport agency services. In addition, the company is involved in the parking lot management.

Niigata Kotsu Co (TSE:9017) Headlines

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