Shinyei Kaisha (TSE:3004) Cash-to-Debt : 0.09 (As of Dec. 2023)

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What is Shinyei Kaisha 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. Shinyei Kaisha's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.09.

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, Shinyei Kaisha couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSE:3004' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.08 Max: 0.14
Current: 0.09

During the past 13 years, Shinyei Kaisha's highest Cash to Debt Ratio was 0.14. The lowest was 0.05. And the median was 0.08.

TSE:3004's Cash-to-Debt is ranked worse than
87.26% of 526 companies
in the Conglomerates industry
Industry Median: 0.485 vs TSE:3004: 0.09

Shinyei Kaisha Cash-to-Debt Historical Data

The historical data trend for Shinyei Kaisha'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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Shinyei Kaisha Cash-to-Debt Chart

Shinyei Kaisha Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.06

0.08

0.10

0.08

0.09

Shinyei Kaisha 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															0.08	0.09	0.08	0.09	0.09

Competitive Comparison of Shinyei Kaisha's Cash-to-Debt

For the Conglomerates subindustry, Shinyei Kaisha'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.

Shinyei Kaisha's Cash-to-Debt Distribution in the Conglomerates Industry

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

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

Shinyei Kaisha 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.

Shinyei Kaisha'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)
	=	1251	/	(9645	+	4837)
	=	0.09

Shinyei Kaisha'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)
	=	1316	/	(8967	+	5252)
	=	0.09

Shinyei Kaisha (TSE:3004) 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.

Shinyei Kaisha Cash-to-Debt Related Terms

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Shinyei Kaisha (TSE:3004) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Shinyei Kaisha (TSE:3004) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

77-1 Kyomachi, Chuo-ku, Kobe, JPN, 651-0178

Website

http://www.shinyei.co.jp

Shinyei Kaisha is engaged in the wholesale and retail of textiles, electronics, foodstuffs, and industrial materials in Japan. The company is involved in the retail sale of apparel and fashion accessories. In addition, it procures, processes, and exports frozen and fresh vegetables, frozen processed foods, and frozen marine products; and peanuts and nuts, spices, and additives.

Shinyei Kaisha (TSE:3004) Headlines

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