Ohara (TSE:5218) Cash-to-Debt : 2.36 (As of Apr. 2024)

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What is Ohara 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. Ohara's cash to debt ratio for the quarter that ended in Apr. 2024 was 2.36.

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, Ohara could pay off its debt using the cash in hand for the quarter that ended in Apr. 2024.

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

TSE:5218' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.43 Med: 1.87 Max: 2.43
Current: 2.36

During the past 13 years, Ohara's highest Cash to Debt Ratio was 2.43. The lowest was 1.43. And the median was 1.87.

TSE:5218's Cash-to-Debt is ranked better than
60.75% of 2456 companies
in the Hardware industry
Industry Median: 1.31 vs TSE:5218: 2.36

Ohara Cash-to-Debt Historical Data

The historical data trend for Ohara'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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Ohara Cash-to-Debt Chart

Ohara Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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2.38

1.77

2.14

2.43

2.25

Ohara Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Cash-to-Debt	Get a 7-Day Free Trial															2.07	2.25	2.23	2.36	N/A

Competitive Comparison of Ohara's Cash-to-Debt

For the Electronic Components subindustry, Ohara'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.

Ohara's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ohara's Cash-to-Debt distribution charts can be found below:

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

Ohara 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.

Ohara's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	14806.248	/	(4628.285	+	1968.379)
	=	2.24

Ohara's Cash to Debt Ratio for the quarter that ended in Apr. 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)
	=	14481.537	/	(4823.534	+	1323.047)
	=	2.36

Ohara (TSE:5218) 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.

Ohara Cash-to-Debt Related Terms

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

Ohara Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ohara Inc (TSE:5218) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

9IE:Germany

Address

1-15-30, Oyama, Chuo-ku, Kanagawa, Sagamihara-Shi, JPN, 252-5286

Website

http://www.ohara-inc.co.jp

Ohara Inc is engaged in the manufacturing and sales of optical glass products and electronic products. It operates through the Optical and Electronics divisions. The Optical division manufactures and sells optical glass materials for digital-related products such as digital cameras and liquid crystal (LC) projectors, as well as a lens for mold presses, among others. The Electronics division manufactures and sells glass discs of hard disc drives that are used in mobile devices, high-homogenous glass materials and low-expansion glass-ceramic used in semiconductor manufacturing machinery and others. It derives prime revenue from the Optical business segment.

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