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Hitachi CableLtd. (TSE:5812) Cash-to-Debt : 0.26 (As of Mar. 2013)


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What is Hitachi CableLtd. 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. Hitachi CableLtd.'s cash to debt ratio for the quarter that ended in Mar. 2013 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, Hitachi CableLtd. couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2013.

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

TSE:5812's Cash-to-Debt is not ranked *
in the Industrial Products industry.
Industry Median: 1.18
* Ranked among companies with meaningful Cash-to-Debt only.

Hitachi CableLtd. Cash-to-Debt Historical Data

The historical data trend for Hitachi CableLtd.'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.

Hitachi CableLtd. Cash-to-Debt Chart

Hitachi CableLtd. Annual Data
Trend Mar08 Mar09 Mar10 Mar11 Mar12 Mar13
Cash-to-Debt
Get a 7-Day Free Trial 0.19 0.17 0.27 0.24 0.26

Hitachi CableLtd. Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only 0.24 0.37 0.41 0.31 0.26

Competitive Comparison of Hitachi CableLtd.'s Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Hitachi CableLtd.'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.

Hitachi CableLtd.'s Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hitachi CableLtd.'s Cash-to-Debt distribution charts can be found below:

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


Hitachi CableLtd. 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.

Hitachi CableLtd.'s Cash to Debt Ratio for the fiscal year that ended in Mar. 2013 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)
=14645 / (22752 + 34000)
=0.26

Hitachi CableLtd.'s Cash to Debt Ratio for the quarter that ended in Mar. 2013 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)
=14645 / (22752 + 34000)
=0.26

* 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.

Hitachi CableLtd.  (TSE:5812) 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.

Hitachi CableLtd. Cash-to-Debt Related Terms

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