OHMORIYA Co (TSE:2917) Cash-to-Debt : 0.46 (As of Mar. 2024)

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What is OHMORIYA 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. OHMORIYA Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.46.

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

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

TSE:2917' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 4.65 Max: No Debt
Current: 0.46

During the past 13 years, OHMORIYA Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.13. And the median was 4.65.

TSE:2917's Cash-to-Debt is ranked worse than
52.06% of 1873 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs TSE:2917: 0.46

OHMORIYA Co Cash-to-Debt Historical Data

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

OHMORIYA Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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5.15

3.39

3.29

7.32

6.21

OHMORIYA 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															0.90	1.05	6.21	9.85	0.46

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

For the Packaged Foods subindustry, OHMORIYA 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.

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

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

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

OHMORIYA 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.

OHMORIYA Co's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	2020.42	/	(55.429	+	270.013)
	=	6.21

OHMORIYA 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)
	=	1229.906	/	(2443.329	+	250.015)
	=	0.46

OHMORIYA Co (TSE:2917) 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.

OHMORIYA Co Cash-to-Debt Related Terms

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OHMORIYA Co (TSE:2917) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » OHMORIYA Co Ltd (TSE:2917) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

34 No. 3 No. 4-chome, Fukushima-ku, Osaka, JPN

Website

http://www.ohmoriya.com

OHMORIYA Co Ltd is a Japanese based company engaged in the manufacturing and sale of seaweed products. The company specializes in dried seaweed and seasoned laver for home and commercial use. It provides processed seaweed products for gift items and also produces a variety of toppings for rice and pasta. In addition, the company also offers sprinkle, tea and soup products.

OHMORIYA Co (TSE:2917) Headlines

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