Daisho Co (TSE:2816) Cash-to-Debt : 3.04 (As of Dec. 2023)

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What is Daisho 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. Daisho Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.04.

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, Daisho Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSE:2816' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.49 Med: 2.22 Max: No Debt
Current: 3.04

During the past 13 years, Daisho Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.49. And the median was 2.22.

TSE:2816's Cash-to-Debt is ranked better than
80.33% of 305 companies
in the Retail - Defensive industry
Industry Median: 0.43 vs TSE:2816: 3.04

Daisho Co Cash-to-Debt Historical Data

The historical data trend for Daisho 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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Daisho Co Cash-to-Debt Chart

Daisho Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

1.67

1.34

2.27

2.98

2.31

Daisho Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	2.31	No Debt	2.26	3.04

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

For the Food Distribution subindustry, Daisho 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.

Daisho Co's Cash-to-Debt Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Daisho Co's Cash-to-Debt distribution charts can be found below:

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

Daisho 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.

Daisho Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	2196	/	(233	+	719)
	=	2.31

Daisho Co's Cash to Debt Ratio for the quarter 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)
	=	1519	/	(500	+	0)
	=	3.04

Daisho Co (TSE:2816) 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.

Daisho Co Cash-to-Debt Related Terms

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Daisho Co (TSE:2816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Daisho Co Ltd (TSE:2816) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-17-3, Kamezawa, Sumida-ku, Tokyo, JPN, 130-0014

Website

http://www.daisho.co.jp

Daisho Co Ltd is engaged in production and sales of dipping sauce, soup and seasoning powder ingredients. The company's products are divided into Retail products and Foodservice products. Retail products consist of green vegetable juice, meat, salt and pepper, and others, and Foodservice products comprise of Chubo-Ou Karaage mix, Yakiniku Dori Garlic and Soy, and others.

Daisho Co (TSE:2816) Headlines

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