Nisshin Seifun Group (FRA:NFR) Cash-to-Debt : 1.08 (As of Dec. 2023)

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What is Nisshin Seifun 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. Nisshin Seifun Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.08.

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

FRA:NFR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.68 Med: 2.25 Max: 6.6
Current: 1.26

During the past 13 years, Nisshin Seifun Group's highest Cash to Debt Ratio was 6.60. The lowest was 0.68. And the median was 2.25.

FRA:NFR's Cash-to-Debt is ranked better than
64.96% of 1855 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs FRA:NFR: 1.26

Nisshin Seifun Group Cash-to-Debt Historical Data

The historical data trend for Nisshin Seifun 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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Nisshin Seifun Group Cash-to-Debt Chart

Nisshin Seifun Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.68

0.80

0.89

0.98

1.26

Nisshin Seifun Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.98	0.87	1.10	1.08	1.26

Competitive Comparison of Nisshin Seifun Group's Cash-to-Debt

For the Packaged Foods subindustry, Nisshin Seifun 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.

Nisshin Seifun Group's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nisshin Seifun Group's Cash-to-Debt distribution charts can be found below:

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

Nisshin Seifun Group 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.

Nisshin Seifun Group'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)
	=	672.229	/	(92.732	+	441.785)
	=	1.26

Nisshin Seifun Group'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)
	=	597.209	/	(96.514	+	454.26)
	=	1.08

Nisshin Seifun Group (FRA:NFR) 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.

Nisshin Seifun Group Cash-to-Debt Related Terms

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

Nisshin Seifun Group (FRA:NFR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nisshin Seifun Group Inc (FRA:NFR) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

2002:Japan

Address

1-25, Kanda-Nishiki-cho, Chiyoda-ku, Tokyo, JPN, 101-8441

Website

http://www.nisshin.com

Nisshin Seifun Group Inc is a Japanese holding company with the following brands under its umbrella: Nisshin Flour Milling, Nisshin Foods, Nisshin Pharma, Nisshin Petfood, Nisshin Engineering, Oriental Yeast, NBC Meshtec, and Initio Foods. Nisshin Flour Milling supplies basic food materials (wheat flour, wheat bran, rye) for manufacturing use. Nisshin Foods offers frozen foods and chilled foods. These two businesses are the core operations. Nisshin Pharma produces active pharmaceutical ingredients and pharmaceutical products. Nisshin Petfood offers pet food. Nisshin Engineering designs and offers management of manufacturing and processing facilities for food-related ingredients and sells powder-processing-related equipment.

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