Iino Kaiun Kaisha (TSE:9119) Cash-to-Debt : 0.16 (As of Dec. 2023)

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What is Iino Kaiun Kaisha 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. Iino Kaiun Kaisha's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.16.

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, Iino Kaiun Kaisha 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 Iino Kaiun Kaisha's Cash-to-Debt or its related term are showing as below:

TSE:9119' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.1 Max: 0.15
Current: 0.15

During the past 13 years, Iino Kaiun Kaisha's highest Cash to Debt Ratio was 0.15. The lowest was 0.08. And the median was 0.10.

TSE:9119's Cash-to-Debt is ranked worse than
77.04% of 967 companies
in the Transportation industry
Industry Median: 0.49 vs TSE:9119: 0.15

Iino Kaiun Kaisha Cash-to-Debt Historical Data

The historical data trend for Iino Kaiun Kaisha'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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Iino Kaiun Kaisha Cash-to-Debt Chart

Iino Kaiun Kaisha Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.11

0.10

0.09

0.12

0.15

Iino Kaiun Kaisha Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.12	0.14	0.14	0.16	0.15

Competitive Comparison of Iino Kaiun Kaisha's Cash-to-Debt

For the Marine Shipping subindustry, Iino Kaiun Kaisha'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.

Iino Kaiun Kaisha's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Iino Kaiun Kaisha's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Iino Kaiun Kaisha's Cash-to-Debt falls into.

Iino Kaiun Kaisha 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.

Iino Kaiun Kaisha'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)
	=	17878	/	(37631	+	86070)
	=	0.14

Iino Kaiun Kaisha'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)
	=	18533	/	(36700	+	79846)
	=	0.16

Iino Kaiun Kaisha (TSE:9119) 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.

Iino Kaiun Kaisha Cash-to-Debt Related Terms

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Iino Kaiun Kaisha (TSE:9119) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Iino Kaiun Kaisha Ltd (TSE:9119) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Iino Building, 2-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo, JPN, 100-0011

Website

http://www.iino.co.jp

Iino Kaiun Kaisha Ltd is a transportation and logistics company domiciled in Japan. The company organises itself into three segments: oceangoing shipping, regional shipping, and real estate. The oceangoing shipping segment, which generates the majority of revenue, owns and operates oil and chemical tankers, large gas carriers to transport liquefied natural and liquefied petroleum gas, and dry bulk carriers. The regional shipping segment operates small gas carriers. The real estate segment invest in and leases office buildings.

Iino Kaiun Kaisha (TSE:9119) Headlines

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