Nitto Seimo Co (TSE:3524) Cash-to-Debt : 0.09 (As of Jan. 2024)

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What is Nitto Seimo 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. Nitto Seimo Co's cash to debt ratio for the quarter that ended in Jan. 2024 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, Nitto Seimo Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TSE:3524' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.09 Max: 0.13
Current: 0.09

During the past 13 years, Nitto Seimo Co's highest Cash to Debt Ratio was 0.13. The lowest was 0.07. And the median was 0.09.

TSE:3524's Cash-to-Debt is ranked worse than
77.71% of 1014 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs TSE:3524: 0.09

Nitto Seimo Co Cash-to-Debt Historical Data

The historical data trend for Nitto Seimo 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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Nitto Seimo Co Cash-to-Debt Chart

Nitto Seimo Co Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

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0.12

0.10

0.09

0.08

Nitto Seimo Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.09	0.08	0.09	0.08	0.09

Competitive Comparison of Nitto Seimo Co's Cash-to-Debt

For the Textile Manufacturing subindustry, Nitto Seimo 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.

Nitto Seimo Co's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Nitto Seimo 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.

Nitto Seimo Co's Cash to Debt Ratio for the fiscal year that ended in Apr. 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)
	=	1172.541	/	(7704.571	+	7594.785)
	=	0.08

Nitto Seimo Co's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	1604.341	/	(10152.83	+	7173.419)
	=	0.09

Nitto Seimo Co (TSE:3524) 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.

Nitto Seimo Co Cash-to-Debt Related Terms

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Nitto Seimo Co (TSE:3524) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nitto Seimo Co Ltd (TSE:3524) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

3524:Japan

Address

2-20-15 Shimbashi, Minato-ku, Tokyo, JPN

Website

http://www.nittoseimo.co.jp

Nitto Seimo Co Ltd is engaged in manufacturing and sales of knotless nets, knotted nets, minnow nets, and ropes for fishery and onshore use and sales of laborsaving machinery and equipment for vessels and fishing operation as well as marine products.

Nitto Seimo Co (TSE:3524) Headlines

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