Mizuho Financial Group (BUE:MFG) Cash-to-Debt : 3.25 (As of Dec. 2023)

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What is Mizuho Financial Group 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. Mizuho Financial Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.25.

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, Mizuho Financial Group 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 Mizuho Financial Group's Cash-to-Debt or its related term are showing as below:

BUE:MFG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.9 Med: 2.44 Max: 3.43
Current: 3.25

During the past 13 years, Mizuho Financial Group's highest Cash to Debt Ratio was 3.43. The lowest was 0.90. And the median was 2.44.

BUE:MFG's Cash-to-Debt is ranked better than
73.38% of 1431 companies
in the Banks industry
Industry Median: 1.3 vs BUE:MFG: 3.25

Mizuho Financial Group Cash-to-Debt Historical Data

The historical data trend for Mizuho Financial Group'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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Mizuho Financial Group Cash-to-Debt Chart

Mizuho Financial Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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2.90

2.38

2.22

2.46

3.43

Mizuho Financial Group 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															3.29	3.43	3.10	3.01	3.25

Competitive Comparison of Mizuho Financial Group's Cash-to-Debt

For the Banks - Regional subindustry, Mizuho Financial Group'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.

Mizuho Financial Group's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mizuho Financial Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Mizuho Financial Group's Cash-to-Debt falls into.

Mizuho Financial Group Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Mizuho Financial Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	99247873.639	/	(5316185.399	+	23652932.859)
	=	3.43

Mizuho Financial Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	167172095.575	/	(7764299.99	+	43717188.632)
	=	3.25

Mizuho Financial Group (BUE:MFG) 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.

Mizuho Financial Group Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Mizuho Financial Group's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Mizuho Financial Group (BUE:MFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mizuho Financial Group Inc (BUE:MFG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MZHOF:USA MFG:USA 8411:Japan MZ8A:Germany

Address

1-5-5, Otemachi, Otemachi Tower, Chiyoda-ku, Tokyo, JPN, 100-8176

Website

https://www.mizuho-fg.co.jp

Mizuho Financial Group is roughly tied with megabank peer Sumitomo Mitsui Financial Group for the status as Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2023, Mizuho's market share of domestic loans was 6.7%, compared with 7.1% for SMFG and 8.1% for MUFG. In Japan, Mizuho has more of a corporate focus than SMFG, which has a larger retail business. Its overseas weighting is slightly smaller than that of MUFG. Unlike its two Japanese megabank peers that own foreign banks outright or hold noncontrolling stakes in local banks overseas, Mizuho expanded in recent years beyond its traditional Japanese borrowers, mainly through its core banking and securities units, focusing on the financing needs of global multinational corporations.