Mitsubishi Electric (FRA:MIE1) Cash-to-Debt : 2.20 (As of Sep. 2024)

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What is Mitsubishi Electric 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. Mitsubishi Electric's cash to debt ratio for the quarter that ended in Sep. 2024 was 2.20.

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, Mitsubishi Electric 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 Mitsubishi Electric's Cash-to-Debt or its related term are showing as below:

FRA:MIE1' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.12 Med: 1.75 Max: 2.41
Current: 2.2

During the past 13 years, Mitsubishi Electric's highest Cash to Debt Ratio was 2.41. The lowest was 1.12. And the median was 1.75.

FRA:MIE1's Cash-to-Debt is ranked better than
60.93% of 2992 companies
in the Industrial Products industry
Industry Median: 1.18 vs FRA:MIE1: 2.20

Mitsubishi Electric Cash-to-Debt Historical Data

The historical data trend for Mitsubishi Electric'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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Mitsubishi Electric Cash-to-Debt Chart

Mitsubishi Electric Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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1.58

2.24

2.40

1.76

1.94

Mitsubishi Electric 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															1.83	1.30	1.94	2.31	2.20

Competitive Comparison of Mitsubishi Electric's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Mitsubishi Electric'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.

Mitsubishi Electric's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mitsubishi Electric's Cash-to-Debt distribution charts can be found below:

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

Mitsubishi Electric 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.

Mitsubishi Electric'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)
	=	4700.039	/	(931.541	+	1491.824)
	=	1.94

Mitsubishi Electric'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)
	=	5328.886	/	(947.312	+	1471.22)
	=	2.20

Mitsubishi Electric (FRA:MIE1) 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.

Mitsubishi Electric Cash-to-Debt Related Terms

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Mitsubishi Electric Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsubishi Electric Corp (FRA:MIE1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MIELY:USA MIELF:USA 6503:Japan MIE1:Germany

Address

Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8310

Website

https://www.mitsubishielectric.com

Mitsubishi Electric is a diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company's core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.

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