GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » THK Co Ltd (OTCPK:THKLY) » Definitions » Cash-to-Debt

THK Co (THK Co) Cash-to-Debt

: 1.44 (As of Dec. 2023)
View and export this data going back to 2008. Start your Free Trial

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. THK Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.44.

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, THK Co 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 THK Co's Cash-to-Debt or its related term are showing as below:

THKLY' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.37   Med: 1.56   Max: 2.56
Current: 1.44

During the past 13 years, THK Co's highest Cash to Debt Ratio was 2.56. The lowest was 1.37. And the median was 1.56.

THKLY's Cash-to-Debt is ranked better than
53.39% of 2997 companies
in the Industrial Products industry
Industry Median: 1.2 vs THKLY: 1.44

THK Co Cash-to-Debt Historical Data

The historical data trend for THK 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.

* Premium members only.

THK Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.57 1.55 1.49 1.37 1.44

THK Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.37 1.34 1.47 1.49 1.44

Competitive Comparison

For the Specialty Industrial Machinery subindustry, THK 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.


THK Co Cash-to-Debt Distribution

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

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



THK 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.

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

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

* 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.


THK Co  (OTCPK:THKLY) 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.


THK Co Cash-to-Debt Related Terms

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


THK Co (THK Co) Business Description

Traded in Other Exchanges
Address
3-11-6, Nishi-Gotanda, Shinagawa-ku, Tokyo, JPN, 141-8503
THK Co Ltd is a Japan-based company that primarily manufactures machinery parts, including linear motion guides and ball screws, and transportation-equipment-related parts. The company operates through two segments. The industrial machinery segment provides products that are essential components in the production of machine tools and semiconductor production equipment. This segment also manufactures and sells electric actuators and unit products. The automotive and transportation segment develops and provides automotive components that support vehicles' basic functions. The company generates the majority of its revenue from the Japanese domestic market.

THK Co (THK Co) Headlines

From GuruFocus

Full Year 2020 THK Co Ltd Earnings Presentation Transcript

By GuruFocus Research 02-15-2024

Q2 2022 THK Co Ltd Earnings Presentation Transcript

By GuruFocus Research 02-15-2024

Full Year 2021 THK Co Ltd Earnings Presentation Transcript

By GuruFocus Research 02-15-2024

Q2 2019 THK Co Ltd Earnings Presentation Transcript

By GuruFocus Research 02-15-2024

Full Year 2022 THK Co Ltd Earnings Presentation Transcript

By GuruFocus Research 02-15-2024

Full Year 2019 THK Co Ltd Earnings Presentation Transcript

By GuruFocus Research 02-15-2024

Full Year 2018 THK Co Ltd Earnings Presentation Transcript

By GuruFocus Research 02-15-2024

Q2 2023 THK Co Ltd Earnings Presentation Transcript

By GuruFocus Research 02-15-2024

Q2 2021 THK Co Ltd Earnings Presentation Transcript

By GuruFocus Research 02-15-2024

Q2 2020 THK Co Ltd Earnings Presentation Transcript

By GuruFocus Research 02-15-2024