Nippon Express Co (Nippon Express Co) Cash-to-Debt : 0.68 (As of Sep. 2021)

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What is Nippon Express Co 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. Nippon Express Co's cash to debt ratio for the quarter that ended in Sep. 2021 was 0.68.

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, Nippon Express Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2021.

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

NPEXY's Cash-to-Debt is not ranked ^*
in the Transportation industry.
Industry Median: 0.49
* Ranked among companies with meaningful Cash-to-Debt only.

Nippon Express Co Cash-to-Debt Historical Data

The historical data trend for Nippon Express Co'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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Nippon Express Co Cash-to-Debt Chart

Nippon Express Co Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Cash-to-Debt

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0.82

0.79

0.76

0.69

0.53

Nippon Express Co Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Cash-to-Debt	Get a 7-Day Free Trial															0.45	0.53	0.71	0.68	N/A

Competitive Comparison of Nippon Express Co's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, Nippon Express Co'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.

Nippon Express Co's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Nippon Express Co's Cash-to-Debt distribution charts can be found below:

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

Nippon Express Co 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.

Nippon Express Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 2021 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)
	=	2003.457	/	(456.839	+	3331.766)
	=	0.53

Nippon Express Co's Cash to Debt Ratio for the quarter that ended in Sep. 2021 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)
	=	2172.911	/	(160.492	+	3029.348)
	=	0.68

Nippon Express Co (OTCPK:NPEXY) 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.

Nippon Express Co Cash-to-Debt Related Terms

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Nippon Express Co (Nippon Express Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nippon Express Co Ltd (OTCPK:NPEXY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-9-3, Higashi Shimbashi, Minato-ku, Tokyo, JPN, 105-8322

Website

http://www.nittsu.co.jp

Nippon Express is a Japanese transportation and logistics company. The company operates through segments classified by geography and function: Japan, the Americas, Europe, East Asia, South Asia and Oceania, security transportation, heavy haulage and construction, and logistics support. Each of the segments named for a region focuses on logistics, the primary engine for Nippon's revenue. These regional segments conduct air freight forwarding, marine and harbor transportation, and warehousing services. Japan is the largest, earning more revenue than the other regional segments combined. Logistics support is the second-highest earning segment, engaging in activities such as the sale of distribution equipment, packing materials, vehicles, and petroleum.

Nippon Express Co (Nippon Express Co) Headlines

From GuruFocus

Nippon Express Completes Acquisition of Equity Interests in MD Logistics and MD Express (Turning into Subsidiary)

By PRNewswire PRNewswire • 09-03-2020