Daiho (TSE:1822) Cash-to-Debt : 1.35 (As of Mar. 2024)

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What is Daiho 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. Daiho's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.35.

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

TSE:1822' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.35 Med: 5.04 Max: 8.85
Current: 1.35

During the past 13 years, Daiho's highest Cash to Debt Ratio was 8.85. The lowest was 1.35. And the median was 5.04.

TSE:1822's Cash-to-Debt is ranked better than
65.64% of 1691 companies
in the Construction industry
Industry Median: 0.61 vs TSE:1822: 1.35

Daiho Cash-to-Debt Historical Data

The historical data trend for Daiho'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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Daiho Cash-to-Debt Chart

Daiho Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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6.06

1.97

2.62

4.02

1.35

Daiho Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															7.03	4.56	2.43	1.35	N/A

Competitive Comparison of Daiho's Cash-to-Debt

For the Engineering & Construction subindustry, Daiho'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.

Daiho's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Daiho's Cash-to-Debt distribution charts can be found below:

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

Daiho 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.

Daiho'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)
	=	17533	/	(6950	+	6023)
	=	1.35

Daiho'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)
	=	17533	/	(6950	+	6023)
	=	1.35

Daiho (TSE:1822) 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.

Daiho Cash-to-Debt Related Terms

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Daiho Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Daiho Corp (TSE:1822) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

24-4, Shinkawa 1-Chome, Chuo-ku, Tokyo, JPN, 104-8289

Website

http://www.daiho.co.jp

Daiho Corp is engaged in the activity of engineering and construction. It builds and engineers hydroelectric dams, expressway, harbor, subway and foundation works for large structures. The company has three segments namely Civil engineering, Building construction and Other. Civil engineering segment consists of dam, seaports, fishery ports, large bridge foundations and railways. Building construction segment comprises offices, warehouse factory, retail shops, accommodation, education and cultural and medical welfare buildings, sports and leisure facilities, environmental protection cleaning facilities, economic zones. Other segment covers rehabilitation projects, hospitals and repairing work. The company operates in Japan, Taiwan, Thailand, Malaysia, Madagascar, Cambodia.

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