Coca-Cola Bottlers Japan Holdings (Coca-Cola Bottlers Japan Holdings) Cash-to-Debt

: 0.63 (As of Dec. 2023)

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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. Coca-Cola Bottlers Japan Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.63.

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, Coca-Cola Bottlers Japan Holdings 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 Coca-Cola Bottlers Japan Holdings's Cash-to-Debt or its related term are showing as below:

CCOJY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.43 Med: 0.64 Max: 1.73
Current: 0.63

During the past 13 years, Coca-Cola Bottlers Japan Holdings's highest Cash to Debt Ratio was 1.73. The lowest was 0.43. And the median was 0.64.

CCOJY's Cash-to-Debt is ranked worse than
52.83% of 106 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.77 vs CCOJY: 0.63

Coca-Cola Bottlers Japan Holdings Cash-to-Debt Historical Data

The historical data trend for Coca-Cola Bottlers Japan Holdings'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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Coca-Cola Bottlers Japan Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.47

0.43

0.52

0.47

0.63

Coca-Cola Bottlers Japan Holdings 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																0.47	0.44	0.34	0.46	0.63

Competitive Comparison

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Bottlers Japan Holdings'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.

Coca-Cola Bottlers Japan Holdings Cash-to-Debt Distribution

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Bottlers Japan Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Coca-Cola Bottlers Japan Holdings's Cash-to-Debt falls into.

Coca-Cola Bottlers Japan Holdings 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.

Coca-Cola Bottlers Japan Holdings's Cash to Debt Ratio for the fiscal year 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)
	=	790.018	/	(321.194	+	938.669)
	=	0.63

Coca-Cola Bottlers Japan Holdings'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)
	=	790.018	/	(321.194	+	938.669)
	=	0.63

Coca-Cola Bottlers Japan Holdings (OTCPK:CCOJY) 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.

Coca-Cola Bottlers Japan Holdings Cash-to-Debt Related Terms

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Coca-Cola Bottlers Japan Holdings (Coca-Cola Bottlers Japan Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Bottlers Japan Holdings Inc (OTCPK:CCOJY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

2579:Japan CCW:Germany

Address

9-7-1 Akasaka, Minato-ku, Tokyo Midtown Tower, Fukuoka, JPN, 107-6211

Website

https://www.ccbj-holdings.com

Coca-Cola Bottlers Japan Holdings Inc is a Japanese soft drinks manufacturer, which operates through licensing agreements with The Coca-Cola Company based in the United States. It functions through two business segments, namely The Cold Beverage segment and The Healthcare and Skincare segment. The Cold Beverage segment by far accounts for most of the company's revenue generating operations. It represents the manufacture and sale of beverages such as sports drinks, tea beverages, sparkling beverages and mineral water. Its secondary business is carried out through the Healthcare and Skincare segment which produces and sells health food and cosmetics.