Nippon Electric Glass Co (Nippon Electric Glass Co) Cash-to-Debt : 0.64 (As of Dec. 2023)

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What is Nippon Electric Glass 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. Nippon Electric Glass Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.64.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Nippon Electric Glass Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Nippon Electric Glass Co's Cash-to-Debt or its related term are showing as below:

NPEGF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.64 Med: 1.13 Max: 1.42
Current: 0.64

During the past 13 years, Nippon Electric Glass Co's highest Cash to Debt Ratio was 1.42. The lowest was 0.64. And the median was 1.13.

NPEGF's Cash-to-Debt is ranked worse than
67.77% of 2470 companies
in the Hardware industry
Industry Median: 1.35 vs NPEGF: 0.64

Nippon Electric Glass Co Cash-to-Debt Historical Data

The historical data trend for Nippon Electric Glass 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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Nippon Electric Glass Co Cash-to-Debt Chart

Nippon Electric Glass Co Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.03

1.19

1.42

1.04

0.64

Nippon Electric Glass Co 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															0.76	0.72	0.73	0.64	N/A

Competitive Comparison of Nippon Electric Glass Co's Cash-to-Debt

For the Electronic Components subindustry, Nippon Electric Glass 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.

Nippon Electric Glass Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nippon Electric Glass Co's Cash-to-Debt distribution charts can be found below:

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

Nippon Electric Glass 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.

Nippon Electric Glass 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)
	=	523.685	/	(225.758	+	596.174)
	=	0.64

Nippon Electric Glass 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)
	=	523.685	/	(225.758	+	596.174)
	=	0.64

Nippon Electric Glass Co (OTCPK:NPEGF) 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.

Nippon Electric Glass Co Cash-to-Debt Related Terms

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

Nippon Electric Glass Co (Nippon Electric Glass Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nippon Electric Glass Co Ltd (OTCPK:NPEGF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

5214:Japan NPG:Germany

Address

7-1, Seiran 2-chome, Shiga, Otsu, JPN, 520-8639

Website

http://www.neg.co.jp

Nippon Electric Glass Co., Ltd. is in the business of production and sale of glass products and glassmaking machinery. Its business is divided into two categories Electronics and Information Technology and Performance Materials and Others. The company produces glass for flat panel displays, optical devices, chemical strengthening, electronic devices, solar cells, fiber and building materials. The company generates most of the sales from electronics and information technology category.

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