Techno Alpha Co (TSE:3089) Cash-to-Debt : 0.98 (As of Feb. 2024)

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What is Techno Alpha 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. Techno Alpha Co's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.98.

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

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

TSE:3089' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.5 Med: 2.22 Max: No Debt
Current: 0.98

During the past 13 years, Techno Alpha Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.50. And the median was 2.22.

TSE:3089's Cash-to-Debt is ranked worse than
62.17% of 904 companies
in the Semiconductors industry
Industry Median: 1.885 vs TSE:3089: 0.98

Techno Alpha Co Cash-to-Debt Historical Data

The historical data trend for Techno Alpha 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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Techno Alpha Co Cash-to-Debt Chart

Techno Alpha Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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1.65

2.47

1.31

2.86

2.17

Techno Alpha Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															5.10	8.47	4.22	2.17	0.98

Competitive Comparison of Techno Alpha Co's Cash-to-Debt

For the Semiconductor Equipment & Materials subindustry, Techno Alpha 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.

Techno Alpha Co's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Techno Alpha Co's Cash-to-Debt distribution charts can be found below:

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

Techno Alpha 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.

Techno Alpha Co's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
	=	657.576	/	(300.806	+	2.915)
	=	2.17

Techno Alpha Co's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	591.476	/	(600	+	2.729)
	=	0.98

Techno Alpha Co (TSE:3089) 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.

Techno Alpha Co Cash-to-Debt Related Terms

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Techno Alpha Co (TSE:3089) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Techno Alpha Co Ltd (TSE:3089) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Meiji Yasuda Life Gotanda Building 2F, Nishi-Gotanda 2-27-4, Shinagawa-ku, Tokyo, JPN, 141-0031

Website

https://www.technoalpha.co.jp

Techno Alpha Co Ltd Is engaged in the import and sale of semiconductor manufacturing equipment, electronic materials, environmental equipment, marine equipment dealers, and other manufacturing and technical services of in house developed products.

Techno Alpha Co (TSE:3089) Headlines

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