Panasonic Holdings (Panasonic Holdings) Cash-to-Debt : 0.78 (As of Dec. 2023)

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What is Panasonic Holdings 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. Panasonic Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.78.

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

PCRFY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.51 Med: 0.92 Max: 1.63
Current: 0.78

During the past 13 years, Panasonic Holdings's highest Cash to Debt Ratio was 1.63. The lowest was 0.51. And the median was 0.92.

PCRFY's Cash-to-Debt is ranked worse than
63.14% of 2469 companies
in the Hardware industry
Industry Median: 1.38 vs PCRFY: 0.78

Panasonic Holdings Cash-to-Debt Historical Data

The historical data trend for Panasonic Holdings'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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Panasonic Holdings Cash-to-Debt Chart

Panasonic Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.91

0.79

1.20

0.75

0.68

Panasonic Holdings 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															0.64	0.68	0.73	0.81	0.78

Competitive Comparison of Panasonic Holdings's Cash-to-Debt

For the Consumer Electronics subindustry, Panasonic Holdings'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.

Panasonic Holdings's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Panasonic Holdings's Cash-to-Debt distribution charts can be found below:

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

Panasonic Holdings 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.

Panasonic Holdings'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)
	=	7400.36	/	(1639.376	+	9261.867)
	=	0.68

Panasonic Holdings'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)
	=	8617.982	/	(1504.45	+	9563.875)
	=	0.78

Panasonic Holdings (OTCPK:PCRFY) 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.

Panasonic Holdings Cash-to-Debt Related Terms

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Panasonic Holdings (Panasonic Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Panasonic Holdings Corp (OTCPK:PCRFY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PCRFF:USA 6752:Japan MAT1:Germany MAT1:Austria

Address

1006, Oaza Kadoma, Kadoma-shi, Osaka, JPN, 571-8501

Website

https://holdings.panasonic

Panasonic Holdings is a conglomerate that has diversified from its consumer electronics roots. It has five main business units: lifestyle (white appliances and housing products); automotive (cockpit systems); connect (BtoB businesses); industry (FA products, electronic materials, and devices); and energy (rechargeable batteries). After the crisis in 2012, former president Kazuhiro Tsuga has focused on shifting the business portfolio to increase the proportion of B2B businesses to mitigate the tough competition in consumer electronics products.