NDEKF (Nitto Denko) Cash-to-Debt : 883.70 (As of Sep. 2024)

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What is Nitto Denko 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. Nitto Denko's cash to debt ratio for the quarter that ended in Sep. 2024 was 883.70.

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

NDEKF' s Cash-to-Debt Range Over the Past 10 Years
Min: 15.32 Med: 614.66 Max: 3417.38
Current: 883.66

During the past 13 years, Nitto Denko's highest Cash to Debt Ratio was 3417.38. The lowest was 15.32. And the median was 614.66.

NDEKF's Cash-to-Debt is ranked better than
94.76% of 1547 companies
in the Chemicals industry
Industry Median: 0.69 vs NDEKF: 883.66

Nitto Denko Cash-to-Debt Historical Data

The historical data trend for Nitto Denko'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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Nitto Denko Cash-to-Debt Chart

Nitto Denko Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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3,417.00

554.64

1,523.08

1,220.95

1,007.12

Nitto Denko 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															1,176.31	1,054.85	1,007.12	N/A	883.70

Competitive Comparison of Nitto Denko's Cash-to-Debt

For the Specialty Chemicals subindustry, Nitto Denko'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.

Nitto Denko's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nitto Denko's Cash-to-Debt distribution charts can be found below:

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

Nitto Denko 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.

Nitto Denko'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)
	=	2319.398	/	(2.303	+	0)
	=	1,007.12

Nitto Denko'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)
	=	2447.85	/	(2.77	+	0)
	=	883.70

Nitto Denko (OTCPK:NDEKF) 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.

Nitto Denko Cash-to-Debt Related Terms

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Nitto Denko Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nitto Denko Corp (OTCPK:NDEKF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NDEKY:USA 6988:Japan ND50:Germany ND50:Germany ND5:Germany ND5:Germany

Address

4-20, Ofuka-Cho, 33rd Floor, Grand Front Osaka, Kita-Ku, Osaka, JPN, 530-0011

Website

http://www.nitto.com

Nitto Denko Corp manufactures and sells a variety of industrial and electronics products. The company sells tape products, which include masking tape for painting and printed-circuit boards, double sided tapes, electrical tape, and sealant materials used in the construction industry. Nitto Denko also sells film products, which include surface protective film, fluoroplastic films used to seal pipes and air filters, and porous film that allows air to pass through but seals water and other liquids. The firm also produces electronics, which include flexible printed circuit boards for smartphones and tablets, and medical products such as drug delivery patches and adhesive sheets.

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