Rasa Industries (TSE:4022) Cash-to-Debt : 0.38 (As of Mar. 2024)

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What is Rasa Industries 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. Rasa Industries's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.38.

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, Rasa Industries 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 Rasa Industries's Cash-to-Debt or its related term are showing as below:

TSE:4022' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: 0.37 Max: 0.42
Current: 0.38

During the past 13 years, Rasa Industries's highest Cash to Debt Ratio was 0.42. The lowest was 0.25. And the median was 0.37.

TSE:4022's Cash-to-Debt is ranked worse than
63.6% of 1544 companies
in the Chemicals industry
Industry Median: 0.72 vs TSE:4022: 0.38

Rasa Industries Cash-to-Debt Historical Data

The historical data trend for Rasa Industries'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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Rasa Industries Cash-to-Debt Chart

Rasa Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

0.41

0.34

0.32

0.41

0.38

Rasa Industries 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															0.41	0.42	0.27	0.33	0.38

Competitive Comparison of Rasa Industries's Cash-to-Debt

For the Specialty Chemicals subindustry, Rasa Industries'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.

Rasa Industries's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Rasa Industries's Cash-to-Debt distribution charts can be found below:

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

Rasa Industries 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.

Rasa Industries's Cash to Debt Ratio for the fiscal year 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)
	=	3405	/	(5108	+	3804)
	=	0.38

Rasa Industries'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)
	=	3405	/	(5108	+	3804)
	=	0.38

Rasa Industries (TSE:4022) 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.

Rasa Industries Cash-to-Debt Related Terms

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Rasa Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rasa Industries Ltd (TSE:4022) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Kyobashi 1 - chome, Chuo - ku, Tokyo, JPN, 104-0031

Website

http://www.rasa.co.jp

Rasa Industries Ltd is engaged in chemicals, machinery, and electronic materials business. The chemicals division manufactures and sells basic chemicals based on phosphorus-based products. The machinery division provides various machines such as drilling, crushing and sorting, and the Electronic materials division is engaged in the development of the electronics industry by supplying high-purity inorganic materials that are raw materials for compound semiconductors, as well as resist strippers and coating agents used in semiconductor and liquid crystal panel manufacturing processes.

Rasa Industries Headlines

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