Sanko Metal Industrial Co (TSE:1972) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Sanko Metal Industrial 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. Sanko Metal Industrial Co's cash to debt ratio for the quarter that ended in Sep. 2024 was No Debt ⁽¹⁾.

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, Sanko Metal Industrial Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(1) 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.

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

TSE:1972' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.56 Med: 7.9 Max: No Debt
Current: 109.73

During the past 13 years, Sanko Metal Industrial Co's highest Cash to Debt Ratio was No Debt. The lowest was 2.56. And the median was 7.90.

TSE:1972's Cash-to-Debt is ranked better than
93.73% of 1722 companies
in the Construction industry
Industry Median: 0.66 vs TSE:1972: 109.73

Sanko Metal Industrial Co Cash-to-Debt Historical Data

The historical data trend for Sanko Metal Industrial 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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Sanko Metal Industrial Co Cash-to-Debt Chart

Sanko Metal Industrial Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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37.65

49.46

69.05

81.41

121.30

Sanko Metal Industrial Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	121.30	No Debt

Competitive Comparison of Sanko Metal Industrial Co's Cash-to-Debt

For the Building Products & Equipment subindustry, Sanko Metal Industrial 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.

Sanko Metal Industrial Co's Cash-to-Debt Distribution in the Construction Industry

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

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

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Sanko Metal Industrial 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.

Sanko Metal Industrial 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)
	=	12615	/	(20	+	84)
	=	121.30

Sanko Metal Industrial Co's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Sanko Metal Industrial Co had no debt ⁽¹⁾.

Sanko Metal Industrial Co (TSE:1972) 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.

Sanko Metal Industrial Co Cash-to-Debt Related Terms

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Sanko Metal Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sanko Metal Industrial Co Ltd (TSE:1972) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23 No. 13 four-chom, Tokyo, JPN

Website

http://www.sankometal.co.jp

Sanko Metal Industrial Co Ltd is engaged in the manufacturing, processing, and execution and sales of roofing, construction materials and paint as well as design and contract services for ancillary construction work. The product line includes - Galvanized steel sheet, Aluminium-plated steel sheet, PVC coated steel sheet, NS acid-resistant clad steel sheet, and colour stainless-steel sheet.

Sanko Metal Industrial Co Headlines

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Sanko Metal Industrial Co (TSE:1972) Cash-to-Debt : No Debt (1) (As of Sep. 2024)