Toyota Industries (Toyota Industries) Cash-to-Debt

: 0.50 (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. Toyota Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.50.

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

TYIDY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 0.41 Max: 0.58
Current: 0.5

During the past 13 years, Toyota Industries's highest Cash to Debt Ratio was 0.58. The lowest was 0.30. And the median was 0.41.

TYIDY's Cash-to-Debt is ranked worse than
55.56% of 207 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.62 vs TYIDY: 0.50

Toyota Industries Cash-to-Debt Historical Data

The historical data trend for Toyota 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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Toyota Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.36

0.40

0.45

0.42

0.37

Toyota 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																0.37	0.37	0.36	0.36	0.50

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, Toyota 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.

Toyota Industries Cash-to-Debt Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, Toyota Industries's Cash-to-Debt distribution charts can be found below:

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

Toyota 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.

Toyota Industries's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	4700.604	/	(3888.465	+	8823.523)
	=	0.37

Toyota Industries'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)
	=	6044.492	/	(3146.328	+	9027.347)
	=	0.50

Toyota Industries (OTCPK:TYIDY) 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.

Toyota Industries Cash-to-Debt Related Terms

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Toyota Industries (Toyota Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Toyota Industries Corp (OTCPK:TYIDY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TYIDF:USA 6201:Japan TAH:Germany

Address

2-1, Toyoda-cho, Kariya-shi, Aichi, JPN, 448-8671

Website

https://www.toyota-industries.com

Toyota Industries Corp is primarily engaged in manufacturing and sale of automobiles, industrial vehicles, and textile machinery, as well as logistics business. The company manufactures and sells automobiles, engines, foundry pieces and electronic equipment. It also provides forklift trucks, warehouse equipment, automatic warehouse, vehicles for high-place work. In addition, it also engaged in the land transportation service, collection, and delivery service. The business of the group is primarily functioned through Japan and its amplifying internationally. Toyota derives most of the income through the sale of products and recycled waste products.

Toyota Industries (Toyota Industries) Headlines

From GuruFocus

Toyota Industries Leads in High-Tech Automotive and Forklifts

By Holmes Osborne, CFA Holmes Osborne, CFA • 05-09-2017