Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Arisawa Mfg CoARSWF 80 Cash-to-Debt is 0.99 as of Mar. 2026, which is 40% below its 10-year median of 1.66. GuruFocus rates ARSWF with a GF Score™ of 80/100 and a GF Value™ of $2.23. The stock has 3 warning signs investors should review. Among 2,489 Hardware companies, Arisawa Mfg Co ranks worse than 57.01% on this metric.
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. Arisawa Mfg Co's cash to debt ratio for the quarter that ended in Mar. 2026 was 0.99.
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, Arisawa Mfg Cocouldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for Arisawa Mfg Co's Cash-to-Debt or its related term are showing as below:
ARSWF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.99 Med: 1.66 Max: 2.02
Current: 0.99
During the past 13 years, Arisawa Mfg Co's highest Cash to Debt Ratio was 2.02. The lowest was 0.99. And the median was 1.66.
ARSWF's Cash-to-Debt is ranked worse than 57.01% of 2489
companies
in the Hardware industry
Industry Median: 1.38
vs ARSWF: 0.99
Arisawa Mfg Co (OTCPK:ARSWF) 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.
Arisawa Mfg Co Cash-to-Debt Related Terms
Arisawa Mfg Co Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Arisawa Mfg 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.
For the Electronic Components subindustry, Arisawa Mfg 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.
Arisawa Mfg Co Cash-to-Debt vs Hardware Industry
For the Hardware industry and Technology sector, Arisawa Mfg Co's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Arisawa Mfg Co's Cash-to-Debt 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.
Arisawa Mfg Co (ARSWF) has a Cash-to-Debt of 0.99 as of Mar. 2026. This is 40% below median its historical median of 1.66. Over the past decade, Arisawa Mfg Co's Cash-to-Debt has ranged from 0.99 to 2.02. According to the industry distribution chart, Arisawa Mfg Co ranks #1419 out of 2489 companies in the Hardware industry, placing it in the top 57%.
Is Arisawa Mfg Co's Cash-to-Debt too high?
Arisawa Mfg Co's current Cash-to-Debt of 0.99 is 40% below median its 10-year median of 1.66. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 2.02. The Hardware industry median Cash-to-Debt is 1.38. Arisawa Mfg Co's value of 0.99 is 28.3% below this industry median. Based on the distribution chart, Arisawa Mfg Co ranks #1419 out of 2489 companies in the Hardware industry, which is below the industry midpoint. Overall, Arisawa Mfg Co has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Arisawa Mfg Co's Cash-to-Debt compare to APH and GLW?
According to the Hardware industry distribution chart, Arisawa Mfg Co ranks #1419 out of 2489 companies for Cash-to-Debt. This places Arisawa Mfg Co in the lower half of its industry. The industry median Cash-to-Debt is 1.38. Arisawa Mfg Co's value of 0.99 is 28.3% below this benchmark. Historically, Arisawa Mfg Co's own Cash-to-Debt has ranged from 0.99 to 2.02 over the past decade. While the company's 10-year median is 1.66 vs. the industry median of 1.38, Arisawa Mfg Co has consistently been below 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-to-Debt for a Hardware company?
The median Cash-to-Debt among Hardware companies is 1.38, based on 2,489 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Arisawa Mfg Co's current Cash-to-Debt of 0.99 is 28.3% below 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-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median Cash-to-Debt is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arisawa Mfg Co's current Cash-to-Debt is 0.99, which is 40% below median its own 10-year median of 1.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arisawa Mfg Co stock overvalued right now?
Arisawa Mfg Co (ARSWF) has a current Cash-to-Debt of 0.99. The stock's GF Value™ is $2.23, compared to a current price of $3.15 — trading 41.3% above its estimated fair value. The current Cash-to-Debt is 0.99, which is 40% below median its 10-year median of 1.66 and 28.3% below the Hardware industry median of 1.38. Arisawa Mfg Co's overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Arisawa Mfg Co (ARSWF), the current Cash-to-Debt is 0.99 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 Arisawa Mfg Co (ARSWF) Overvalued in 2026?
Based on GuruFocus' analysis, Arisawa Mfg Co stock appears to be overvalued.
The current stock price of $3.15 is trading 41.3% above its estimated GF Value™ of $2.23.
Key valuation signals for ARSWF:
Cash-to-Debt: 0.99 (40% below median its 10-year median of 1.66)
GF Value™: $2.23 vs. price of $3.15 (41.3% above fair value)
Industry Position: 28.3% below the Hardware median (#1419 of 2489)
No single metric tells the full story. See the ARSWF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arisawa Mfg Co Ltd is a Japanese based company, engages in the manufacture and sale of electronic materials of electronic materials. The company provides electronic materials used in personal computers and cellular phones; and optoelectronic materials such as Fresnel lenses for projection TV; electrical insulating materials; and structural materials. It also offers display materials comprising anti-reflection films, 3D display filters, special optical films, 3D display equipment, polarizing plates, hard-coating films, and projection screens.
80GF Score
Get the complete analysis for ARSWF
Cash-to-Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ARSWF has been successfully added to your 
