DKILF (Daikin Industries) Cash-to-Debt : 1.03 (As of Sep. 2024)

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What is Daikin Industries 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. Daikin Industries's cash to debt ratio for the quarter that ended in Sep. 2024 was 1.03.

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, Daikin Industries could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

DKILF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.43 Med: 0.73 Max: 1.25
Current: 1.03

During the past 13 years, Daikin Industries's highest Cash to Debt Ratio was 1.25. The lowest was 0.43. And the median was 0.73.

DKILF's Cash-to-Debt is ranked better than
60.84% of 1721 companies
in the Construction industry
Industry Median: 0.62 vs DKILF: 1.03

Daikin Industries Cash-to-Debt Historical Data

The historical data trend for Daikin Industries'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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Daikin Industries Cash-to-Debt Chart

Daikin Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.67

0.98

0.99

0.70

0.76

Daikin Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.82	0.82	0.76	N/A	1.03

Competitive Comparison of Daikin Industries's Cash-to-Debt

For the Building Products & Equipment subindustry, Daikin Industries'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.

Daikin Industries's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Daikin Industries's Cash-to-Debt distribution charts can be found below:

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

Daikin Industries 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.

Daikin Industries's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	4925.697	/	(3518.635	+	2943.747)
	=	0.76

Daikin Industries's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	5786.673	/	(2674.112	+	2938.666)
	=	1.03

Daikin Industries (OTCPK:DKILF) 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.

Daikin Industries Cash-to-Debt Related Terms

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Daikin Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Daikin Industries Ltd (OTCPK:DKILF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DKILY:USA 6367:Japan DKIA:Germany DKI:Austria

Address

Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, JPN, 530-8323

Website

http://www.daikin.com

Established in Osaka, Japan, in 1924, Daikin Industries is one of the world's largest residential and commercial heating, ventilation, and air conditioning product and service companies. North America, Japan, China, and Europe are Daikin's four biggest markets, with North America accounting for over 30% of the company's revenue over the years. The air conditioning segment represents around 90% of Daikin's revenue and operating income, while chemicals and others account for the remaining 10%.

Daikin Industries Headlines

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