Asahimatsu Foods Co (TSE:2911) Cash-to-Debt : 2.87 (As of Mar. 2024)

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What is Asahimatsu Foods 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. Asahimatsu Foods Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.87.

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

TSE:2911' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.39 Med: 2.14 Max: 2.87
Current: 2.87

During the past 13 years, Asahimatsu Foods Co's highest Cash to Debt Ratio was 2.87. The lowest was 1.39. And the median was 2.14.

TSE:2911's Cash-to-Debt is ranked better than
74.65% of 1874 companies
in the Consumer Packaged Goods industry
Industry Median: 0.505 vs TSE:2911: 2.87

Asahimatsu Foods Co Cash-to-Debt Historical Data

The historical data trend for Asahimatsu Foods 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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Asahimatsu Foods Co Cash-to-Debt Chart

Asahimatsu Foods Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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1.39

1.57

2.36

2.47

2.87

Asahimatsu Foods Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															2.47	2.02	2.31	1.99	2.87

Competitive Comparison of Asahimatsu Foods Co's Cash-to-Debt

For the Packaged Foods subindustry, Asahimatsu Foods 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.

Asahimatsu Foods Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Asahimatsu Foods Co's Cash-to-Debt distribution charts can be found below:

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

Asahimatsu Foods 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.

Asahimatsu Foods 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)
	=	2069.595	/	(285.02	+	435.023)
	=	2.87

Asahimatsu Foods Co'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)
	=	2069.595	/	(285.02	+	435.023)
	=	2.87

Asahimatsu Foods Co (TSE:2911) 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.

Asahimatsu Foods Co Cash-to-Debt Related Terms

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Asahimatsu Foods Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Asahimatsu Foods Co Ltd (TSE:2911) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-7-3 Tagawa, Yodogawa-ku, Osaka, JPN

Website

http://www.asahimatsu.co.jp

Asahimatsu Foods Co., Ltd. is engaged in manufacturing and selling food products in Japan. It offers dried-frozen tofu, instant miso soups and other soups, sweets, dried-frozen tofu bean curd, natto, and flavored deep-fried bean curd. The company also provides diet products for invalids, such as cut gourmet foods; and health supplements with soybean.

Asahimatsu Foods Co Headlines

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