Kanto Denka Kogyo Co (TSE:4047) Cash-to-Debt : 0.54 (As of Sep. 2024)

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What is Kanto Denka Kogyo 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. Kanto Denka Kogyo Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.54.

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, Kanto Denka Kogyo Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

TSE:4047' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.48 Med: 0.78 Max: 0.94
Current: 0.54

During the past 13 years, Kanto Denka Kogyo Co's highest Cash to Debt Ratio was 0.94. The lowest was 0.48. And the median was 0.78.

TSE:4047's Cash-to-Debt is ranked worse than
55.17% of 1548 companies
in the Chemicals industry
Industry Median: 0.7 vs TSE:4047: 0.54

Kanto Denka Kogyo Co Cash-to-Debt Historical Data

The historical data trend for Kanto Denka Kogyo 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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Kanto Denka Kogyo Co Cash-to-Debt Chart

Kanto Denka Kogyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.77

0.88

0.87

0.59

0.61

Kanto Denka Kogyo Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.59	0.64	0.67	0.61	0.54

Competitive Comparison of Kanto Denka Kogyo Co's Cash-to-Debt

For the Specialty Chemicals subindustry, Kanto Denka Kogyo 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.

Kanto Denka Kogyo Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kanto Denka Kogyo Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kanto Denka Kogyo Co's Cash-to-Debt falls into.

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Kanto Denka Kogyo 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.

Kanto Denka Kogyo Co'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)
	=	25409	/	(14210	+	27470)
	=	0.61

Kanto Denka Kogyo Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	19441	/	(13322	+	22791)
	=	0.54

Kanto Denka Kogyo Co (TSE:4047) 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.

Kanto Denka Kogyo Co Cash-to-Debt Related Terms

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

Kanto Denka Kogyo Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kanto Denka Kogyo Co Ltd (TSE:4047) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-3-2 Marunouchi, Chiyoda-ku, Yusen Building, Tokyo, JPN, 100-0005

Website

http://www.kantodenka.co.jp

Kanto Denka Kogyo Co Ltd is a Japan-based company, engages in the production of a chemical product. It operates through Fundamental Chemicals and Fine Chemicals divisions. The Fundamental Chemicals offers caustic soda, hydrochloric acid, sodium hypochlorite, aluminum chloride, trichloroethylene, perchloroethylene, vinylidene chloride, cyclohexanol. The Fine Chemicals division offers reprographics carriers, magnetite, sulfur hexafluoride, carbon tetrafluoride, trifluoromethane, hexafluoroethane, nitrogen trifluoride, among others.

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