Nippon Sheet Glass Co (Nippon Sheet Glass Co) Cash-to-Debt : 0.10 (As of Mar. 2024)

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What is Nippon Sheet 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 Sheet Glass Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.10.

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 Sheet Glass Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

NPSGF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.14 Max: 0.22
Current: 0.1

During the past 13 years, Nippon Sheet Glass Co's highest Cash to Debt Ratio was 0.22. The lowest was 0.10. And the median was 0.14.

NPSGF's Cash-to-Debt is ranked worse than
84.7% of 1301 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs NPSGF: 0.10

Nippon Sheet Glass Co Cash-to-Debt Historical Data

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

Nippon Sheet Glass Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.10

0.13

0.14

0.10

Nippon Sheet 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															0.14	0.09	0.11	0.10	0.10

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

For the Auto Parts subindustry, Nippon Sheet 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 Sheet Glass Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nippon Sheet Glass Co's Cash-to-Debt distribution charts can be found below:

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

Nippon Sheet 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 Sheet Glass Co'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)
	=	341.633	/	(962.651	+	2378.423)
	=	0.10

Nippon Sheet Glass Co's Cash to Debt Ratio for the quarter 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)
	=	341.633	/	(962.651	+	2378.423)
	=	0.10

Nippon Sheet Glass Co (OTCPK:NPSGF) 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 Sheet Glass Co Cash-to-Debt Related Terms

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

Nippon Sheet Glass Co (Nippon Sheet Glass Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nippon Sheet Glass Co Ltd (OTCPK:NPSGF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NPSGY:USA 5202:Japan NI9:Germany

Address

Sumitomo Fudosan Mita Twin Building West Wing, 5-27, Mita 3-chome, Minato-Ku, Tokyo, JPN, 108-6321

Website

http://www.nsg.com

Nippon Sheet Glass Co Ltd manufactures glass and glazing products for many industries. The architectural segment, which accounts for roughly 40% of the company's total revenue, sells flat glass and glazing products to commercial and residential markets and the solar energy sector. The automotive segment, which accounts for roughly half of the company's total revenue, supplies a wide range of automotive glazing to vehicle manufacturers for new vehicles and replacement markets. The technical glass segment sells thin glass and glass fiber products for small displays, lenses, printers, and engine timing belts. Nippon sells its products worldwide, with more than a third of its sales in Europe, roughly a third in Japan and the rest of Asia, and the remaining sales in the Americas.

Nippon Sheet Glass Co (Nippon Sheet Glass Co) Headlines

From GuruFocus

Nippon Sheet Glass Co Stock Is Believed To Be Modestly Undervalued

By GF Value GF Value • 04-13-2021