Toyo Suisan Kaisha (Toyo Suisan Kaisha) Cash-to-Debt : 59.53 (As of Dec. 2023)

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What is Toyo Suisan Kaisha 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. Toyo Suisan Kaisha's cash to debt ratio for the quarter that ended in Dec. 2023 was 59.53.

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, Toyo Suisan Kaisha 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 Toyo Suisan Kaisha's Cash-to-Debt or its related term are showing as below:

TSUKY' s Cash-to-Debt Range Over the Past 10 Years
Min: 17.63 Med: 27.29 Max: 60.94
Current: 59.53

During the past 13 years, Toyo Suisan Kaisha's highest Cash to Debt Ratio was 60.94. The lowest was 17.63. And the median was 27.29.

TSUKY's Cash-to-Debt is ranked better than
90.59% of 1849 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs TSUKY: 59.53

Toyo Suisan Kaisha Cash-to-Debt Historical Data

The historical data trend for Toyo Suisan Kaisha'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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Toyo Suisan Kaisha Cash-to-Debt Chart

Toyo Suisan Kaisha Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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25.93

31.08

38.31

45.06

49.66

Toyo Suisan Kaisha 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															46.29	49.66	54.92	60.94	59.53

Competitive Comparison of Toyo Suisan Kaisha's Cash-to-Debt

For the Packaged Foods subindustry, Toyo Suisan Kaisha'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.

Toyo Suisan Kaisha's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Toyo Suisan Kaisha's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Toyo Suisan Kaisha's Cash-to-Debt falls into.

Toyo Suisan Kaisha 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.

Toyo Suisan Kaisha'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)
	=	1391.643	/	(5.02	+	23.005)
	=	49.66

Toyo Suisan Kaisha'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)
	=	1507.374	/	(4.806	+	20.517)
	=	59.53

Toyo Suisan Kaisha (OTCPK:TSUKY) 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.

Toyo Suisan Kaisha Cash-to-Debt Related Terms

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Toyo Suisan Kaisha (Toyo Suisan Kaisha) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Toyo Suisan Kaisha Ltd (OTCPK:TSUKY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

2875:Japan

Address

2-13-40, Konan, Minato-ku, Tokyo, JPN, 108-8501

Website

http://www.maruchan.co.jp

Toyo Suisan Kaisha Ltd is a Japanese packaged-food company. The business segments are: domestic instant noodles, overseas instant noodles, frozen and refrigerated food, processed food, cold storage segment, seafood segment and other. The instant noodles segments, domestic and international, account for slightly more than 50% of total sales. The seafood segment offers salmon, shrimps, and cod to convenience stores and mass retailers. The frozen and refrigerated foods segment offers fresh noodles, ramen noodles for commercial use, household product yakisoba noodles, and edamame (green soybean) varieties. The processed foods segment offers packed cooked rice products, freeze-dried products, and packet soups.

Toyo Suisan Kaisha (Toyo Suisan Kaisha) Headlines

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