Riken Vitamin Co (TSE:4526) Cash-to-Debt : 1.56 (As of Sep. 2024)

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What is Riken Vitamin 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. Riken Vitamin Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 1.56.

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, Riken Vitamin Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

TSE:4526' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: 0.68 Max: 1.61
Current: 1.56

During the past 13 years, Riken Vitamin Co's highest Cash to Debt Ratio was 1.61. The lowest was 0.37. And the median was 0.68.

TSE:4526's Cash-to-Debt is ranked better than
69.05% of 1877 companies
in the Consumer Packaged Goods industry
Industry Median: 0.51 vs TSE:4526: 1.56

Riken Vitamin Co Cash-to-Debt Historical Data

The historical data trend for Riken Vitamin 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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Riken Vitamin Co Cash-to-Debt Chart

Riken Vitamin Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.63

0.79

0.99

1.32

1.46

Riken Vitamin Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															1.61	1.59	1.46	N/A	1.56

Competitive Comparison of Riken Vitamin Co's Cash-to-Debt

For the Packaged Foods subindustry, Riken Vitamin 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.

Riken Vitamin Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Riken Vitamin Co's Cash-to-Debt distribution charts can be found below:

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

Riken Vitamin 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.

Riken Vitamin 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)
	=	23384	/	(11938	+	4115)
	=	1.46

Riken Vitamin 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)
	=	22648	/	(11713	+	2806)
	=	1.56

Riken Vitamin Co (TSE:4526) 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.

Riken Vitamin Co Cash-to-Debt Related Terms

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

Riken Vitamin Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Riken Vitamin Co Ltd (TSE:4526) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-9-18 TDC Building, 11th-12th Floor, Chiyoda-ku, Tokyo, JPN, 101-8370

Website

https://www.rikenvitamin.jp

Riken Vitamin Co Ltd is a Japan based animal food manufacturing company. It is a developer and producer of a wide variety of improvers that is broadly used to improve the texture and quality of processed food. It is engaged in consumer and commercial foods, processed food ingredients, food chemicals for industrial uses and Vitamin production and sales. The company's food emulsifiers are used in various applications such as cakes, bread, noodles, ice cream, as well as fat and oil food product. In addition to emulsifiers, Riken Vitamin also provides a range of other food improvers for various purposes according to relevant consumer needs.

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