Takamisawa Co (TSE:5283) Cash-to-Debt : 0.35 (As of Dec. 2023)

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What is Takamisawa 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. Takamisawa Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.35.

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, Takamisawa 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 Takamisawa Co's Cash-to-Debt or its related term are showing as below:

TSE:5283' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.27 Max: 0.38
Current: 0.35

During the past 13 years, Takamisawa Co's highest Cash to Debt Ratio was 0.38. The lowest was 0.11. And the median was 0.27.

TSE:5283's Cash-to-Debt is ranked worse than
54.88% of 379 companies
in the Building Materials industry
Industry Median: 0.46 vs TSE:5283: 0.35

Takamisawa Co Cash-to-Debt Historical Data

The historical data trend for Takamisawa 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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Takamisawa Co Cash-to-Debt Chart

Takamisawa Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.30

0.32

0.26

0.38

Takamisawa 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															0.34	0.32	0.38	0.35	0.35

Competitive Comparison of Takamisawa Co's Cash-to-Debt

For the Building Materials subindustry, Takamisawa 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.

Takamisawa Co's Cash-to-Debt Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Takamisawa Co's Cash-to-Debt distribution charts can be found below:

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

Takamisawa 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.

Takamisawa Co's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	3349	/	(3925	+	4891)
	=	0.38

Takamisawa 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)
	=	3752	/	(5888	+	4835)
	=	0.35

Takamisawa Co (TSE:5283) 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.

Takamisawa Co Cash-to-Debt Related Terms

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Takamisawa Co (TSE:5283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Takamisawa Co Ltd (TSE:5283) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1605-14 Midori Nagano-shi, 7th floor, Takamisawa diamond building, Nagano Prefecture, Nagano, JPN, 380-0813

Website

http://www.kk-takamisawa.co.jp

Takamisawa Co Ltd is a Japanese based company operating in the businesses of construction, electrical construction material, car life, and housing and lifestyle. In the Construction business, the company manufactures and sells secondary concrete products, ready-mixed concrete, sand, gravel, and cement. It is also engaged in the civil engineering and construction, and infrastructure development of mansion, ports and harbors, among others.

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