Morimatsu International Holdings Co (FRA:1S5) Cash-to-Debt : 5.80 (As of Dec. 2023)

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What is Morimatsu International Holdings Co 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. Morimatsu International Holdings Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 5.80.

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, Morimatsu International Holdings Co 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 Morimatsu International Holdings Co's Cash-to-Debt or its related term are showing as below:

FRA:1S5' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.95 Med: 1.78 Max: 5.8
Current: 5.8

During the past 7 years, Morimatsu International Holdings Co's highest Cash to Debt Ratio was 5.80. The lowest was 0.95. And the median was 1.78.

FRA:1S5's Cash-to-Debt is ranked better than
72.86% of 2926 companies
in the Industrial Products industry
Industry Median: 1.22 vs FRA:1S5: 5.80

Morimatsu International Holdings Co Cash-to-Debt Historical Data

The historical data trend for Morimatsu International Holdings 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.

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Morimatsu International Holdings Co Cash-to-Debt Chart

Morimatsu International Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.97

0.95

4.13

3.48

5.80

Morimatsu International Holdings Co Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						4.13	3.87	3.48	5.73	5.80

Competitive Comparison of Morimatsu International Holdings Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Morimatsu International Holdings 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.

Morimatsu International Holdings Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Morimatsu International Holdings Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Morimatsu International Holdings Co's Cash-to-Debt falls into.

Morimatsu International Holdings Co 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.

Morimatsu International Holdings Co's Cash to Debt Ratio for the fiscal year 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)
	=	286.115	/	(24.38	+	24.979)
	=	5.80

Morimatsu International Holdings Co'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)
	=	286.115	/	(24.38	+	24.979)
	=	5.80

Morimatsu International Holdings Co (FRA:1S5) 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.

Morimatsu International Holdings Co Cash-to-Debt Related Terms

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Morimatsu International Holdings Co (FRA:1S5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Morimatsu International Holdings Co Ltd (FRA:1S5) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

02155:Hong Kong

Address

No. 29 Jinwen Road, Pudong New District, Zhuqiao Town, Shanghai, CHN, 201323

Website

http://www.morimatsu-online.com

Morimatsu International Holdings Co Ltd is a pressure equipment manufacturer and comprehensive pressure equipment solution provider in China. It offers traditional pressure equipment, modular pressure equipment, and pressure equipment-related value-added services. Geographically, the group has a presence in China, North America, Asia, Europe, Africa, and others, from which the majority of revenue derives from China.

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