TONPF (Toppan Holdings) Cash-to-Debt : 2.56 (As of Sep. 2024)

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What is Toppan Holdings 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. Toppan Holdings's cash to debt ratio for the quarter that ended in Sep. 2024 was 2.56.

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, Toppan Holdings 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 Toppan Holdings's Cash-to-Debt or its related term are showing as below:

TONPF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.9 Med: 1.4 Max: 2.68
Current: 2.56

During the past 13 years, Toppan Holdings's highest Cash to Debt Ratio was 2.68. The lowest was 0.90. And the median was 1.40.

TONPF's Cash-to-Debt is ranked better than
62.27% of 1055 companies
in the Business Services industry
Industry Median: 1.02 vs TONPF: 2.56

Toppan Holdings Cash-to-Debt Historical Data

The historical data trend for Toppan Holdings'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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Toppan Holdings Cash-to-Debt Chart

Toppan Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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1.46

1.68

1.83

2.26

2.68

Toppan Holdings 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															2.31	2.42	2.68	N/A	2.56

Competitive Comparison of Toppan Holdings's Cash-to-Debt

For the Specialty Business Services subindustry, Toppan Holdings'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.

Toppan Holdings's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Toppan Holdings's Cash-to-Debt distribution charts can be found below:

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

Toppan Holdings 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.

Toppan Holdings'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)
	=	3724.691	/	(370.368	+	1021.015)
	=	2.68

Toppan Holdings'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)
	=	3222.386	/	(332.443	+	926.69)
	=	2.56

Toppan Holdings (OTCPK:TONPF) 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.

Toppan Holdings Cash-to-Debt Related Terms

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Toppan Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Toppan Holdings Inc (OTCPK:TONPF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TOPPY:USA 7911:Japan TPX:Germany

Address

1-5-1 Taito, Taito-ku, Tokyo, JPN, 110-8560

Website

https://www.holdings.toppan.com

Toppan Holdings Inc provides a range of products and services geared toward printing technologies. Its product portfolio of printing technologies consists of in-store advertisements, books, magnetic cards, floor filters, wallpaper, flexible packaging, and other solutions. The company operates three business segments: information and communication (majority of total revenue), electronics, and living and industry. Toppan Printing provides secure documents, such as credit cards, coupons, and business forms, and offers a mix of marketing materials to increase diversification. It utilizes sales promotion personnel, printing press operators, and research personnel to develop innovative solutions for customers. Operations and sales are located in Japan.