Hikari Holdings Co (TSE:1445) Cash-to-Debt : 0.53 (As of Feb. 2024)

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What is Hikari Holdings 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. Hikari Holdings Co's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.53.

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, Hikari Holdings Co couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

TSE:1445' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.49 Med: 0.63 Max: 0.85
Current: 0.53

During the past 7 years, Hikari Holdings Co's highest Cash to Debt Ratio was 0.85. The lowest was 0.49. And the median was 0.63.

TSE:1445's Cash-to-Debt is not ranked
in the Conglomerates industry.
Industry Median: 0.48 vs TSE:1445: 0.53

Hikari Holdings Co Cash-to-Debt Historical Data

The historical data trend for Hikari Holdings 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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Hikari Holdings Co Cash-to-Debt Chart

Hikari Holdings Co Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Cash-to-Debt

Get a 7-Day Free Trial

0.72

0.54

0.59

0.71

0.63

Hikari Holdings Co Semi-Annual Data
	Aug16	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial										0.63	0.63	0.63	0.53	0.53

Competitive Comparison of Hikari Holdings Co's Cash-to-Debt

For the Conglomerates subindustry, Hikari Holdings 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.

Hikari Holdings Co's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hikari Holdings Co's Cash-to-Debt distribution charts can be found below:

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

Hikari Holdings 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.

Hikari Holdings Co's Cash to Debt Ratio for the fiscal year that ended in Aug. 2022 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)
	=	1005.183	/	(337.702	+	1256.321)
	=	0.63

Hikari Holdings Co's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	1754.398	/	(539.895	+	2754.791)
	=	0.53

Hikari Holdings Co (TSE:1445) 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.

Hikari Holdings Co Cash-to-Debt Related Terms

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Hikari Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hikari Holdings Co Ltd (TSE:1445) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Map 67, Ohata-cho, Gifu Prefecture, Tajimi-shi, JPN, 507-0818

Website

https://www.h-holdings.jp

Hikari Holdings Co Ltd provides cutting ceramic hard tiles and communication services.

Hikari Holdings Co Headlines

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