Tokyo Rope Mfg Co (TSE:5981) Cash-to-Debt : 0.21 (As of Mar. 2024)

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What is Tokyo Rope Mfg 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. Tokyo Rope Mfg Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.21.

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, Tokyo Rope Mfg Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSE:5981' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.16 Max: 0.22
Current: 0.21

During the past 13 years, Tokyo Rope Mfg Co's highest Cash to Debt Ratio was 0.22. The lowest was 0.12. And the median was 0.16.

TSE:5981's Cash-to-Debt is ranked worse than
83.21% of 3001 companies
in the Industrial Products industry
Industry Median: 1.18 vs TSE:5981: 0.21

Tokyo Rope Mfg Co Cash-to-Debt Historical Data

The historical data trend for Tokyo Rope Mfg 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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Tokyo Rope Mfg Co Cash-to-Debt Chart

Tokyo Rope Mfg Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.20

0.22

0.17

0.22

0.21

Tokyo Rope Mfg Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.22	0.26	0.29	0.26	0.21

Competitive Comparison of Tokyo Rope Mfg Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Tokyo Rope Mfg 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.

Tokyo Rope Mfg Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tokyo Rope Mfg Co's Cash-to-Debt distribution charts can be found below:

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

Tokyo Rope Mfg 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.

Tokyo Rope Mfg 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)
	=	4949	/	(12867	+	10583)
	=	0.21

Tokyo Rope Mfg Co's Cash to Debt Ratio for the quarter 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)
	=	4949	/	(12867	+	10583)
	=	0.21

Tokyo Rope Mfg Co (TSE:5981) 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.

Tokyo Rope Mfg Co Cash-to-Debt Related Terms

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

Tokyo Rope Mfg Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tokyo Rope Mfg Co Ltd (TSE:5981) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

3-6-2 Nihonbashi, Chuo-ku, Tokyo, JPN, 1038306

Website

http://www.tokyorope.co.jp

Tokyo Rope Mfg Co Ltd is a Japan-based manufacturing company. Principally, it is involved in the design and construction of road safety devices such as rock fall prevention net, environment protection products including sound insulation walls, and bridges and cable-suspended bridges. It offers the various products such as wire rope for the use with the crane, elevators, forestry and fisheries and cableway, galvanized wire and strand, steel cord, bridge and structural cable product, carbon fiber composite cables, and many more. Additionally, it also produces and markets several industrial types of machinery and metal fiber.

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