Optoelectronics Co (TSE:6664) Cash-to-Debt : 0.76 (As of Feb. 2024)

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What is Optoelectronics 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. Optoelectronics Co's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.76.

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, Optoelectronics Co couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

TSE:6664' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.48 Med: 0.75 Max: 1.02
Current: 0.76

During the past 13 years, Optoelectronics Co's highest Cash to Debt Ratio was 1.02. The lowest was 0.48. And the median was 0.75.

TSE:6664's Cash-to-Debt is ranked worse than
63.82% of 2471 companies
in the Hardware industry
Industry Median: 1.38 vs TSE:6664: 0.76

Optoelectronics Co Cash-to-Debt Historical Data

The historical data trend for Optoelectronics 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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Optoelectronics Co Cash-to-Debt Chart

Optoelectronics Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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0.76

0.71

0.96

1.02

0.83

Optoelectronics Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.93	0.91	0.88	0.83	0.76

Competitive Comparison of Optoelectronics Co's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Optoelectronics 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.

Optoelectronics Co's Cash-to-Debt Distribution in the Hardware Industry

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

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

Optoelectronics 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.

Optoelectronics Co's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
	=	6542.637	/	(2730.325	+	5123.384)
	=	0.83

Optoelectronics Co's Cash to Debt Ratio for the quarter that ended in Feb. 2024 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)
	=	5949.448	/	(2683.671	+	5158.422)
	=	0.76

Optoelectronics Co (TSE:6664) 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.

Optoelectronics Co Cash-to-Debt Related Terms

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Optoelectronics Co (TSE:6664) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Optoelectronics Co Ltd (TSE:6664) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 12-17, Tsukagoshi Tsukagoe, Saitama, JPN, 335-0002

Website

http://www.opto.co.jp

Optoelectronics Co Ltd is engaged in developing, manufacturing, and selling automatic recognition devices in Japan, the United States, and Europe. The company offers modules, handy scanners, data collectors, handy terminals, smartphone handy terminals, desktop and stationary scanners, and electronic shelf label systems, as well as laser/CCD type barcode and imager scanners.

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