Mitsubishi Heavy Industries (Mitsubishi Heavy Industries) Cash-to-Debt : 0.21 (As of Dec. 2023)

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What is Mitsubishi Heavy Industries 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. Mitsubishi Heavy Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.21.

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, Mitsubishi Heavy Industries 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 Mitsubishi Heavy Industries's Cash-to-Debt or its related term are showing as below:

MHVYF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.23 Max: 0.4
Current: 0.21

During the past 13 years, Mitsubishi Heavy Industries's highest Cash to Debt Ratio was 0.40. The lowest was 0.15. And the median was 0.23.

MHVYF's Cash-to-Debt is ranked worse than
83.87% of 3000 companies
in the Industrial Products industry
Industry Median: 1.205 vs MHVYF: 0.21

Mitsubishi Heavy Industries Cash-to-Debt Historical Data

The historical data trend for Mitsubishi Heavy Industries'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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Mitsubishi Heavy Industries Cash-to-Debt Chart

Mitsubishi Heavy Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.28

0.23

0.22

0.36

0.32

Mitsubishi Heavy Industries 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															0.27	0.32	0.26	0.25	0.21

Competitive Comparison of Mitsubishi Heavy Industries's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Mitsubishi Heavy Industries'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.

Mitsubishi Heavy Industries's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mitsubishi Heavy Industries's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Mitsubishi Heavy Industries's Cash-to-Debt falls into.

Mitsubishi Heavy Industries 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.

Mitsubishi Heavy Industries'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)
	=	2865.724	/	(2611.58	+	6309.531)
	=	0.32

Mitsubishi Heavy Industries'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)
	=	2418.922	/	(5872.956	+	5540.663)
	=	0.21

Mitsubishi Heavy Industries (OTCPK:MHVYF) 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.

Mitsubishi Heavy Industries Cash-to-Debt Related Terms

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Mitsubishi Heavy Industries (Mitsubishi Heavy Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsubishi Heavy Industries Ltd (OTCPK:MHVYF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

7011:Japan MIH:Germany

Address

2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, JPN, 100-8332

Website

https://www.mhi.com

Mitsubishi Heavy Industries Ltd is engaged in the manufacturing and sale of ships, industrial machinery, and aircraft. The segments of the company are Energy, Plants and Infrastructure Systems, Logistics, Thermal and Drive Systems, and Aircraft, Defense, and Space. The company earns maximum revenue from the energy segment which handles clean gas, steam power systems, nuclear power systems, compressors, and marine machinery. The Plants and Infrastructure Systems segment of the company deals with commercial ships, engineering, machine tools, and machinery systems; Logistics, Thermal, and Drive Systems provide material handling systems, engines, HVAC systems, and automotive air-conditioners; and the Aircraft, Defense, and Space cover commercial aircraft, defense aircraft, and others.