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Toho Holdings CoFRA:TON -2.73%86 Cash Ratio is 0.21 as of Mar. 2026, which is at its 10-year median of 0.21. GuruFocus rates FRA:TON with a GF Score™ of 86/100 and a GF Value™ of €25.57. The stock has 3 warning signs investors should review. Among 118 Medical Distribution companies, Toho Holdings Co ranks better than 55.93% on this metric.
Toho Holdings Co has a Cash Ratio of 0.21. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Toho Holdings Co's Cash Ratio or its related term are showing as below:
FRA:TON'
s Cash Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.21 Max: 0.28
Current: 0.21
During the past 13 years, Toho Holdings Co's highest Cash Ratio was 0.28. The lowest was 0.09. And the median was 0.21.
FRA:TON's Cash Ratio is ranked better than 55.93% of 118
companies
in the Medical Distribution industry
Industry Median: 0.2
vs FRA:TON: 0.21
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Toho Holdings Co Cash Ratio Related Terms
Toho Holdings Co Cash Ratio Historical Data
* Premium members only.
The historical data trend for Toho Holdings Co's Cash Ratio 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.
For the Medical Distribution subindustry, Toho Holdings Co's Cash Ratio, along with its competitors' market caps and Cash Ratio 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.
Toho Holdings Co Cash Ratio vs Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Toho Holdings Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Toho Holdings Co's Cash Ratio falls into.
* 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.
Toho Holdings Co (FRA:TON) has a Cash Ratio of 0.21 as of Mar. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Toho Holdings Co and its competitors. This is near median its historical median of 0.21. Over the past decade, Toho Holdings Co's Cash Ratio has ranged from 0.09 to 0.28. According to the industry distribution chart, Toho Holdings Co ranks #52 out of 118 companies in the Medical Distribution industry, placing it in the top 44.1%.
Is Toho Holdings Co's Cash Ratio too high?
Toho Holdings Co's current Cash Ratio of 0.21 is near median its 10-year median of 0.21. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.28. The Medical Distribution industry median Cash Ratio is 0.20. Toho Holdings Co's value of 0.21 is 5% above this industry median. Based on the distribution chart, Toho Holdings Co ranks #52 out of 118 companies in the Medical Distribution industry, which is above the industry midpoint. Overall, Toho Holdings Co has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Toho Holdings Co's Cash Ratio compare to MCK and COR?
According to the Medical Distribution industry distribution chart, Toho Holdings Co ranks #52 out of 118 companies for Cash Ratio. This puts Toho Holdings Co in the upper half of its industry. The industry median Cash Ratio is 0.20. Toho Holdings Co's value of 0.21 is 5% above this benchmark. Historically, Toho Holdings Co's own Cash Ratio has ranged from 0.09 to 0.28 over the past decade. While the company's 10-year median is 0.21 vs. the industry median of 0.20, Toho Holdings Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Medical Distribution company?
The median Cash Ratio among Medical Distribution companies is 0.20, based on 118 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Toho Holdings Co's current Cash Ratio of 0.21 is 5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Toho Holdings Co and its competitors. For the Medical Distribution industry, the median Cash Ratio is 0.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Holdings Co's current Cash Ratio is 0.21, which is near median its own 10-year median of 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Holdings Co stock overvalued right now?
Toho Holdings Co (FRA:TON) has a current Cash Ratio of 0.21. The stock's GF Value™ is €25.57, compared to a current price of €21.40 — trading 16.3% below its estimated fair value. The current Cash Ratio is 0.21, which is near median its 10-year median of 0.21 and 5% above the Medical Distribution industry median of 0.20. Toho Holdings Co's overall GF Score™ is 86/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Toho Holdings Co (FRA:TON), the current Cash Ratio is 0.21 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Toho Holdings Co (FRA:TON) Overvalued in 2026?
Based on GuruFocus' analysis, Toho Holdings Co stock appears to be undervalued.
The current stock price of €21.40 is trading 16.3% below its estimated GF Value™ of €25.57.
Key valuation signals for FRA:TON:
Cash Ratio: 0.21 (near median its 10-year median of 0.21)
GF Value™: €25.57 vs. price of €21.40 (16.3% below fair value)
Industry Position: 5% above the Medical Distribution median (#52 of 118)
No single metric tells the full story. See the FRA:TON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toho Holdings Co Ltd is a specialty and generic drug manufacturing company. The company's business includes pharmaceutical wholesaling and pharmacy dispensing. It also maintains a site-management organization business that assists a variety of medical establishments, ranging from large medical institutions to private clinics, with a wide range of clinical trials under contract. The company supports medical institutions suitable for respective trials to improve the quality and speed of clinical trials. It generates additional revenue through software sales to medical institutions.
86GF Score
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