Kobelco Wire Co (TSE:5660) Cash-to-Debt : 0.26 (As of Sep. 2024)

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What is Kobelco Wire 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. Kobelco Wire Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.26.

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, Kobelco Wire Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

TSE:5660' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.35 Max: 0.55
Current: 0.26

During the past 13 years, Kobelco Wire Co's highest Cash to Debt Ratio was 0.55. The lowest was 0.18. And the median was 0.35.

TSE:5660's Cash-to-Debt is ranked worse than
61.18% of 626 companies
in the Steel industry
Industry Median: 0.4 vs TSE:5660: 0.26

Kobelco Wire Co Cash-to-Debt Historical Data

The historical data trend for Kobelco Wire 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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Kobelco Wire Co Cash-to-Debt Chart

Kobelco Wire Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

0.30

0.28

0.24

0.30

Kobelco Wire Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.18	0.24	0.26	0.30	0.26

Competitive Comparison of Kobelco Wire Co's Cash-to-Debt

For the Steel subindustry, Kobelco Wire 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.

Kobelco Wire Co's Cash-to-Debt Distribution in the Steel Industry

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

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

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Kobelco Wire 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.

Kobelco Wire Co'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)
	=	3025	/	(4902	+	5275)
	=	0.30

Kobelco Wire Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	2878	/	(6174	+	4844)
	=	0.26

Kobelco Wire Co (TSE:5660) 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.

Kobelco Wire Co Cash-to-Debt Related Terms

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Kobelco Wire Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kobelco Wire Co Ltd (TSE:5660) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-1 Nakahama-cho, Amagasaki-shi, Hyogo-ken, JPN, 6600091

Website

http://www.shinko-wire.co.jp

Kobelco Wire Co Ltd formerly Shinko Wire Co Ltd is a comprehensive manufacturer of steel wire products. The company is organized in three business segments - Steel Wire, Wire Rope, and Engineering business. Its Steel Wire business is engaged in the production and sale of PC steel wire, unbonded and afterbond PC steel wire, stainless steel wire, oil tempered wire, and nickel plated steel wire. The Wire rope business manufactures general rope, special rope, stainless steel rope, and wire rope processed item. The Engineering business is involved in the manufacturing and selling of steel wire processing products, plant engineering, and falling bridge prevention cable.

Kobelco Wire Co Headlines

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