TOKYO PRINTING INK MFG Co (TSE:4635) Cash-to-Debt : 0.52 (As of Dec. 2023)

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What is TOKYO PRINTING INK MFG 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. TOKYO PRINTING INK MFG Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.52.

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, TOKYO PRINTING INK MFG Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSE:4635' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.24 Max: 0.67
Current: 0.52

During the past 13 years, TOKYO PRINTING INK MFG Co's highest Cash to Debt Ratio was 0.67. The lowest was 0.14. And the median was 0.24.

TSE:4635's Cash-to-Debt is ranked worse than
56.95% of 1547 companies
in the Chemicals industry
Industry Median: 0.74 vs TSE:4635: 0.52

TOKYO PRINTING INK MFG Co Cash-to-Debt Historical Data

The historical data trend for TOKYO PRINTING INK MFG 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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TOKYO PRINTING INK MFG Co Cash-to-Debt Chart

TOKYO PRINTING INK MFG Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.26

0.22

0.36

0.39

0.45

TOKYO PRINTING INK MFG Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.67	0.45	0.44	0.53	0.52

Competitive Comparison of TOKYO PRINTING INK MFG Co's Cash-to-Debt

For the Specialty Chemicals subindustry, TOKYO PRINTING INK MFG 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.

TOKYO PRINTING INK MFG Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, TOKYO PRINTING INK MFG Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where TOKYO PRINTING INK MFG Co's Cash-to-Debt falls into.

TOKYO PRINTING INK MFG 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.

TOKYO PRINTING INK MFG Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	3375	/	(4822	+	2730)
	=	0.45

TOKYO PRINTING INK MFG Co's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	3891	/	(5321	+	2190)
	=	0.52

TOKYO PRINTING INK MFG Co (TSE:4635) 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.

TOKYO PRINTING INK MFG Co Cash-to-Debt Related Terms

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

TOKYO PRINTING INK MFG Co (TSE:4635) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » TOKYO PRINTING INK MFG Co Ltd (TSE:4635) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-12-4 Oji, Kita-ku, Tokyo, JPN

Website

http://www.tokyoink.co.jp

TOKYO PRINTING INK MFG Co Ltd is the speciality chemicals manufacturing company. The core business segments of the company comprise of the followings - Ink business, Chemical Products, and Processed Products business. Ink business offers offset printing, gravure ink, inkjet ink, high performance, and high-quality printer ink. Chemical Products includes colorant for plastics, functional additives for plastics, and other functional products. The Processed Products business supply packaging materials, civil engineering materials and agricultural materials for various industrial applications.

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