Chemipro Kasei Kaisha (TSE:4960) Cash-to-Debt : 0.31 (As of Mar. 2024)

View and export this data going back to 1995. Start your Free Trial

What is Chemipro Kasei Kaisha 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. Chemipro Kasei Kaisha's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.31.

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, Chemipro Kasei Kaisha 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 Chemipro Kasei Kaisha's Cash-to-Debt or its related term are showing as below:

TSE:4960' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.33 Max: 0.56
Current: 0.33

During the past 13 years, Chemipro Kasei Kaisha's highest Cash to Debt Ratio was 0.56. The lowest was 0.16. And the median was 0.33.

TSE:4960's Cash-to-Debt is ranked worse than
67.7% of 1551 companies
in the Chemicals industry
Industry Median: 0.74 vs TSE:4960: 0.33

Chemipro Kasei Kaisha Cash-to-Debt Historical Data

The historical data trend for Chemipro Kasei Kaisha'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.

Chemipro Kasei Kaisha Cash-to-Debt Chart

Chemipro Kasei Kaisha Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

0.29

0.31

0.32

0.16

0.31

Chemipro Kasei Kaisha 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															0.16	0.18	0.30	0.33	0.31

Competitive Comparison of Chemipro Kasei Kaisha's Cash-to-Debt

For the Chemicals subindustry, Chemipro Kasei Kaisha'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.

Chemipro Kasei Kaisha's Cash-to-Debt Distribution in the Chemicals Industry

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

* The bar in red indicates where Chemipro Kasei Kaisha's Cash-to-Debt falls into.

Chemipro Kasei Kaisha 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.

Chemipro Kasei Kaisha'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)
	=	1882.862	/	(3996.58	+	2186.097)
	=	0.30

Chemipro Kasei Kaisha'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)
	=	1882.862	/	(3996.58	+	2186.097)
	=	0.30

Chemipro Kasei Kaisha (TSE:4960) 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.

Chemipro Kasei Kaisha Cash-to-Debt Related Terms

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

Chemipro Kasei Kaisha (TSE:4960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chemipro Kasei Kaisha Ltd (TSE:4960) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

KDC Kobe Building, 14F, 83 Kyou-machi, Chuo-ku, Hyogo, Kobe, JPN

Website

http://www.chemipro.co.jp

Chemipro Kasei Kaisha, Ltd. is a Japan-based company engages in the manufacture and sale of organic and industrial chemicals. It manufactures ultraviolet absorbers, intermediates of photographic chemicals, and papermaking chemical agents.

Chemipro Kasei Kaisha (TSE:4960) Headlines

No Headlines