Hino Motors (Hino Motors) Cash-to-Debt : 0.26 (As of Dec. 2023)

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What is Hino Motors 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. Hino Motors's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.26.

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, Hino Motors 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 Hino Motors's Cash-to-Debt or its related term are showing as below:

HINOY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.22 Max: 0.39
Current: 0.2

During the past 13 years, Hino Motors's highest Cash to Debt Ratio was 0.39. The lowest was 0.17. And the median was 0.22.

HINOY's Cash-to-Debt is ranked worse than
72.82% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.65 vs HINOY: 0.20

Hino Motors Cash-to-Debt Historical Data

The historical data trend for Hino Motors'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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Hino Motors Cash-to-Debt Chart

Hino Motors Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.19

0.31

0.39

0.27

0.20

Hino Motors 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															0.27	0.24	0.28	0.26	0.20

Competitive Comparison of Hino Motors's Cash-to-Debt

For the Farm & Heavy Construction Machinery subindustry, Hino Motors'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.

Hino Motors's Cash-to-Debt Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hino Motors's Cash-to-Debt distribution charts can be found below:

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

Hino Motors 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.

Hino Motors'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)
	=	513.655	/	(2370.146	+	230.879)
	=	0.20

Hino Motors'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)
	=	602.869	/	(2076.94	+	245.768)
	=	0.26

Hino Motors (OTCPK:HINOY) 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.

Hino Motors Cash-to-Debt Related Terms

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Hino Motors (Hino Motors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hino Motors Ltd (OTCPK:HINOY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

7205:Japan HMO:Germany

Address

1-1 Hinodai 3-chome, Hino-shi, Tokyo, JPN

Website

http://www.hino-global.com

Hino Motors Ltd is a Japanese automobile manufacturer, and a subsidiary of Toyota Motor. The company primarily manufactures and sells medium and heavy commercial vehicles, such as trucks and buses, and light commercial vehicles under the Hino brand. These operations contribute the majority of consolidated revenue. In addition, Hino manufactures passenger vehicles under the Toyota brand, along with engines and spare parts. Domestic sales represent the largest share of Hino's revenue, with Asia excluding Japan the next most significant contributor.

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