Toagosei Co (Toagosei Co) Cash-to-Debt : 4.32 (As of Mar. 2024)

View and export this data going back to 1949. Start your Free Trial

What is Toagosei 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. Toagosei Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 4.32.

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, Toagosei Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TOAGF' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.84 Med: 5.91 Max: 6.92
Current: 4.32

During the past 13 years, Toagosei Co's highest Cash to Debt Ratio was 6.92. The lowest was 2.84. And the median was 5.91.

TOAGF's Cash-to-Debt is ranked better than
76.77% of 1550 companies
in the Chemicals industry
Industry Median: 0.72 vs TOAGF: 4.32

Toagosei Co Cash-to-Debt Historical Data

The historical data trend for Toagosei 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.

* Premium members only.

Toagosei Co Cash-to-Debt Chart

Toagosei Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

6.43

6.25

6.56

4.72

4.55

Toagosei 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															4.47	4.90	4.59	4.55	4.32

Competitive Comparison of Toagosei Co's Cash-to-Debt

For the Chemicals subindustry, Toagosei 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.

Toagosei Co's Cash-to-Debt Distribution in the Chemicals Industry

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

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

Toagosei 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.

Toagosei 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)
	=	389.689	/	(18.565	+	67.175)
	=	4.55

Toagosei 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)
	=	323.004	/	(16.787	+	58.03)
	=	4.32

Toagosei Co (OTCPK:TOAGF) 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.

Toagosei Co Cash-to-Debt Related Terms

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

Toagosei Co (Toagosei Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Toagosei Co Ltd (OTCPK:TOAGF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

4045:Japan

Address

1-14-1 Nishi Shinbashi, Minatoku, Tokyo, JPN, 105-8419

Website

http://www.toagosei.co.jp

Toagosei Co Ltd manufactures and sells a variety of chemicals and chemical-based products. The firm organizes itself into four segments based on product type. The acrylic products segment, which generates more revenue than any other segment, sells acrylate esters, acrylic polymers, and UV-curable resins, which are used in paints, textiles and cosmetics, and electronics. The commodity chemicals segment sells caustic soda, sulfuric acid, and sodium hypochlorite, which are used to make paper, fertilizers, and water treatment products. The specialty chemicals segment sells adhesives, electronic materials, and construction materials. The plastics segment sells piping equipment and nursing care products. The majority of revenue comes from Japan.

Toagosei Co (Toagosei Co) Headlines

No Headlines