Azearth (TSE:3161) Cash-to-Debt : 16.73 (As of Oct. 2024)

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What is Azearth 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. Azearth's cash to debt ratio for the quarter that ended in Oct. 2024 was 16.73.

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, Azearth could pay off its debt using the cash in hand for the quarter that ended in Oct. 2024.

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

TSE:3161' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.49 Med: 7.61 Max: 22.9
Current: 13.94

During the past 13 years, Azearth's highest Cash to Debt Ratio was 22.90. The lowest was 3.49. And the median was 7.61.

TSE:3161's Cash-to-Debt is ranked better than
87.52% of 1026 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.46 vs TSE:3161: 13.94

Azearth Cash-to-Debt Historical Data

The historical data trend for Azearth'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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Azearth Cash-to-Debt Chart

Azearth Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Cash-to-Debt

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10.69

22.90

4.67

9.87

13.94

Azearth Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Oct24
Cash-to-Debt	Get a 7-Day Free Trial															8.94	10.42	11.04	13.94	16.73

Competitive Comparison of Azearth's Cash-to-Debt

For the Textile Manufacturing subindustry, Azearth'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.

Azearth's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Azearth's Cash-to-Debt distribution charts can be found below:

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

Azearth 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.

Azearth's Cash to Debt Ratio for the fiscal year that ended in Apr. 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)
	=	2890.066	/	(111.984	+	95.384)
	=	13.94

Azearth's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	2532.055	/	(111.984	+	39.392)
	=	16.73

Azearth (TSE:3161) 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.

Azearth Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Azearth's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Azearth Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Azearth Corp (TSE:3161) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 13, No. 7-chome, Taito-ku, Tokyo, JPN, 111-8623

Website

http://www.azearth.co.jp

Azearth Corp manufactures and sells chemical protective garments and environmental equipment in Japan, China, and South-East Asia. It also provides polystyrene foam for tatami matting and flooring, insulation boards, threads, mat edges, and machines, as well as other types of tatami materials. The company is also engaged in the laying and construction work on the section that lies beneath tatami. Further, it manufactures and sells garment materials, such as inner linings, interlining clothes, pocket clothes, and quarter lining belts; and provides contract cutting manufacturing.

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