SHECF (Shin-Etsu Chemical Co) Cash-to-Debt : 91.77 (As of Sep. 2024)

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What is Shin-Etsu Chemical 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. Shin-Etsu Chemical Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 91.77.

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, Shin-Etsu Chemical Co 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 Shin-Etsu Chemical Co's Cash-to-Debt or its related term are showing as below:

SHECF' s Cash-to-Debt Range Over the Past 10 Years
Min: 40.19 Med: 58.65 Max: No Debt
Current: 91.77

During the past 13 years, Shin-Etsu Chemical Co's highest Cash to Debt Ratio was No Debt. The lowest was 40.19. And the median was 58.65.

SHECF's Cash-to-Debt is ranked better than
91.99% of 1548 companies
in the Chemicals industry
Industry Median: 0.69 vs SHECF: 91.77

Shin-Etsu Chemical Co Cash-to-Debt Historical Data

The historical data trend for Shin-Etsu Chemical 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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Shin-Etsu Chemical Co Cash-to-Debt Chart

Shin-Etsu Chemical Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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46.45

41.54

47.24

53.70

70.77

Shin-Etsu Chemical Co 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															60.99	65.55	70.77	N/A	91.77

Competitive Comparison of Shin-Etsu Chemical Co's Cash-to-Debt

For the Chemicals subindustry, Shin-Etsu Chemical 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.

Shin-Etsu Chemical Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shin-Etsu Chemical Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shin-Etsu Chemical Co's Cash-to-Debt falls into.

Shin-Etsu Chemical 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.

Shin-Etsu Chemical 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)
	=	11478.608	/	(69.324	+	92.866)
	=	70.77

Shin-Etsu Chemical Co'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)
	=	12739.357	/	(80.341	+	58.48)
	=	91.77

Shin-Etsu Chemical Co (OTCPK:SHECF) 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.

Shin-Etsu Chemical Co Cash-to-Debt Related Terms

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

Shin-Etsu Chemical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shin-Etsu Chemical Co Ltd (OTCPK:SHECF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SHECY:USA 4063:Japan 4063:Japan SEH:Germany SEH:Germany

Address

6-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

http://www.shinetsu.co.jp

Shin-Etsu Chemical Co Ltd is a Japan-based company primarily engaged in chemical business. The company operates in six business segments namely Poly Vinyl Chloride, Specialty Chemicals, Silicon, Semiconductor Silicon, Electronic and Functional Materials and Diversified business. It derives majority of revenue through Poly Vinyl Chloride segment which manufactures and sells vinyl chloride, caustic soda products, chloromethane and methanol. The group is also involved in manufacturing and selling of various other chemical products such as Polyvinyl alcohol, Synthetic pheromones, Rare-earth magnets for electronics industry and general applications, Photoresists, Photomask blanks and others. Geographically, it operates from the market of Japan and its business is amplifying across the globe.

Shin-Etsu Chemical Co Headlines

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