Japan Pure Chemical Co (TSE:4973) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Japan Pure Chemical 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. Japan Pure Chemical Co's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Japan Pure Chemical Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

TSE:4973' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Japan Pure Chemical Co's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSE:4973's Cash-to-Debt is ranked better than
99.74% of 1550 companies
in the Chemicals industry
Industry Median: 0.74 vs TSE:4973: No Debt

Japan Pure Chemical Co Cash-to-Debt Historical Data

The historical data trend for Japan Pure Chemical 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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Japan Pure Chemical Co Cash-to-Debt Chart

Japan Pure Chemical Co Annual Data

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Cash-to-Debt

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No Debt

Japan Pure Chemical 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Japan Pure Chemical Co's Cash-to-Debt

For the Specialty Chemicals subindustry, Japan Pure Chemical 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.

Japan Pure Chemical Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Japan Pure Chemical Co's Cash-to-Debt distribution charts can be found below:

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

Japan Pure Chemical 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.

Japan Pure Chemical Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Japan Pure Chemical Co had no debt ⁽¹⁾.

Japan Pure Chemical Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Japan Pure Chemical Co had no debt ⁽¹⁾.

Japan Pure Chemical Co (TSE:4973) 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.

Japan Pure Chemical Co Cash-to-Debt Related Terms

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

Japan Pure Chemical Co (TSE:4973) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Japan Pure Chemical Co Ltd (TSE:4973) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-10-18 Kitamachi, Nerima-ku, Tokyo, JPN, 179-0081

Website

http://www.netjpc.com

Japan Pure Chemical Co Ltd develops, manufactures, and sells precious metal plating chemicals for electronic devices in Japan. It offers gold electroplating formulation for semiconductor applications such as connector and soldering uses; and palladium electroplating formulation for the connector, lead frame, and decorative uses. The firm also provides a gold coating for soldering and wire bonding; electroless palladium plating formulation for wire bonding and soldering uses; and silver plating formulations. In addition, it offers strike gold plating formulation that enhances the adherence of plated coatings.

Japan Pure Chemical Co (TSE:4973) Headlines

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Japan Pure Chemical Co (TSE:4973) Cash-to-Debt : No Debt (1) (As of Dec. 2023)