Sanken Electric Co (Sanken Electric Co) Cash-to-Debt : 0.37 (As of Dec. 2023)

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What is Sanken Electric 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. Sanken Electric Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.37.

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

SANJF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.35 Max: 0.98
Current: 0.37

During the past 13 years, Sanken Electric Co's highest Cash to Debt Ratio was 0.98. The lowest was 0.15. And the median was 0.35.

SANJF's Cash-to-Debt is ranked worse than
81.47% of 993 companies
in the Semiconductors industry
Industry Median: 1.76 vs SANJF: 0.37

Sanken Electric Co Cash-to-Debt Historical Data

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

Sanken Electric Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.33

0.48

0.87

0.88

0.80

Sanken Electric Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.85	0.80	0.89	0.86	0.37

Competitive Comparison of Sanken Electric Co's Cash-to-Debt

For the Semiconductors subindustry, Sanken Electric 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.

Sanken Electric Co's Cash-to-Debt Distribution in the Semiconductors Industry

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

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

Sanken Electric 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.

Sanken Electric Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	489.547	/	(312.006	+	302.13)
	=	0.80

Sanken Electric 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)
	=	336.557	/	(297.378	+	602.209)
	=	0.37

Sanken Electric Co (OTCPK:SANJF) 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.

Sanken Electric Co Cash-to-Debt Related Terms

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Sanken Electric Co (Sanken Electric Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sanken Electric Co Ltd (OTCPK:SANJF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

6707:Japan XSK:Germany

Address

3-6-3, Kitano, Saitama-ken, Niiza-shi, JPN, 352-8666

Website

https://www.sanken-ele.co.jp

Sanken Electric Co Ltd manufactures, sells, and purchases electric equipment and apparatuses. Its product lineup includes semiconductors, power line filters, inverters, DC power supplies, and other items. Products are offered to the automotive, power supply, LED, and other markets for purposes such as meeting global energy conservation regulations. Semiconductors are the company's leading sales generator and find use in automobiles, home appliances, and industrial automation. In addition to having its equipment manufactured domestically (Japan), and in regions such as North America, the company has stationed sales offices in each region to work with clients and meet specific needs.

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