Daiwa Industries (Daiwa Industries) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Daiwa 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. Daiwa Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Daiwa Industries could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

The historical rank and industry rank for Daiwa Industries's Cash-to-Debt or its related term are showing as below:

DAWIF' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Daiwa Industries's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

DAWIF's Cash-to-Debt is ranked better than
99.73% of 3000 companies
in the Industrial Products industry
Industry Median: 1.22 vs DAWIF: No Debt

Daiwa Industries Cash-to-Debt Historical Data

The historical data trend for Daiwa 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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Daiwa Industries Cash-to-Debt Chart

Daiwa Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Daiwa 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Daiwa Industries's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Daiwa 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.

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

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

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

Daiwa 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.

Daiwa Industries's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Daiwa Industries had no debt ⁽¹⁾.

Daiwa Industries's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Daiwa Industries had no debt ⁽¹⁾.

Daiwa Industries (OTCPK:DAWIF) 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.

Daiwa Industries Cash-to-Debt Related Terms

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Daiwa Industries (Daiwa Industries) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

6459:Japan

Address

3-13 Obase-cho, Daiwa Reiki Uehonmachi DRK Building, Tennoji-ward, Osaka, JPN, 543-0028

Website

http://www.daiwa-inds.com

Daiwa Industries Ltd is a Japanese company that primarily manufactures, sells, and leases freezers, refrigerators, showcases, ice machines, vending machines, cold-applied products, kitchen equipment, equipment, and parts. The company is also involved in planning, designing, and construction of stores and kitchens. Other business activities of the company include construction work and power generation.

Daiwa Industries (Daiwa Industries) Headlines

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Daiwa Industries (Daiwa Industries) Cash-to-Debt : No Debt (1) (As of Dec. 2023)