Kao (KAOOY) Cash-to-Debt

: 1.14 (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. Kao's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.14.

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, Kao could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

KAOOY' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.03 Med: 1.8 Max: 2.97
Current: 1.14

During the past 13 years, Kao's highest Cash to Debt Ratio was 2.97. The lowest was 1.03. And the median was 1.80.

KAOOY's Cash-to-Debt is ranked better than
63.64% of 1851 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs KAOOY: 1.14

Kao Cash-to-Debt Historical Data

The historical data trend for Kao'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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Kao Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.05

1.31

1.27

1.03

1.14

Kao 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															1.03	0.86	1.06	1.08	1.14

Competitive Comparison

For the Household & Personal Products subindustry, Kao'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.

Kao Cash-to-Debt Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kao's Cash-to-Debt distribution charts can be found below:

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

Kao 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.

Kao'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)
	=	2071.509	/	(229.606	+	1583.627)
	=	1.14

Kao'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)
	=	2071.509	/	(229.606	+	1583.627)
	=	1.14

Kao (OTCPK:KAOOY) 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.

Kao Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Kao's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Kao (KAOOY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kao Corp (OTCPK:KAOOY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KAOCF:USA 4452:Japan KAO:Germany

Address

14-10, Nihonbashi Kayabacho 1-chome, Chuo-ku, Tokyo, JPN, 103-8210

Website

http://www.kao.com

Kao is the largest household and personal care product manufacturer in Japan with a footprint across Asia, Europe, and the Americas. Japan remains its largest market, contributing about 60% of sales and an estimated 70% of profits with several leading brands including Attack and Biore. Initially a soap producer established in the 1890s, Kao has expanded into cosmetics, disposable hygiene products, and chemicals, in addition to its home care and toiletry products. Asia, the largest overseas market contributing 20% of group sales, is a key growth driver, led by expansion in China and Indonesia. It has also acquired several Western skin and haircare brands including Jergens, John Frieda, Curel, Molton Brown, and the latest, Oribe.

Kao (KAOOY) Headlines

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