TOUMEI Co (TSE:4439) Cash-to-Debt : 3.27 (As of Aug. 2024)

View and export this data going back to 2019. Start your Free Trial

What is TOUMEI 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. TOUMEI Co's cash to debt ratio for the quarter that ended in Aug. 2024 was 3.27.

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, TOUMEI Co could pay off its debt using the cash in hand for the quarter that ended in Aug. 2024.

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

TSE:4439' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.8 Med: 2.31 Max: 3.32
Current: 3.27

During the past 8 years, TOUMEI Co's highest Cash to Debt Ratio was 3.32. The lowest was 0.80. And the median was 2.31.

TSE:4439's Cash-to-Debt is ranked better than
78.15% of 540 companies
in the Conglomerates industry
Industry Median: 0.47 vs TSE:4439: 3.27

TOUMEI Co Cash-to-Debt Historical Data

The historical data trend for TOUMEI 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.

* Premium members only.

TOUMEI Co Cash-to-Debt Chart

TOUMEI Co Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Cash-to-Debt

Get a 7-Day Free Trial

3.20

3.32

0.80

2.01

3.27

TOUMEI Co Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Cash-to-Debt	Get a 7-Day Free Trial															2.01	2.52	3.37	3.20	3.27

Competitive Comparison of TOUMEI Co's Cash-to-Debt

For the Conglomerates subindustry, TOUMEI 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.

TOUMEI Co's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, TOUMEI Co's Cash-to-Debt distribution charts can be found below:

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

TOUMEI 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.

TOUMEI Co's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	6643.047	/	(1710.584	+	321.56)
	=	3.27

TOUMEI Co's Cash to Debt Ratio for the quarter that ended in Aug. 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)
	=	6643.047	/	(1710.584	+	321.56)
	=	3.27

TOUMEI Co (TSE:4439) 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.

TOUMEI Co Cash-to-Debt Related Terms

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

TOUMEI Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » TOUMEI Co Ltd (TSE:4439) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1-39, Hatta chome, Mie Prefecture, Yokkaichi, JPN, 510-0001

Website

https://www.toumei.co.jp

TOUMEI Co Ltd is engaged in Office light 119 business, Office solution business, and Financial Planning Business. The company's services include provision of fiber-optic services and ancillary services, sales of information and communications equipment and environmental products, and provision of web services. It also offers insurance brokerage services.

TOUMEI Co Headlines

No Headlines