NHK Spring Co (TSE:5991) Cash-to-Debt : 1.71 (As of Dec. 2023)

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What is NHK Spring 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. NHK Spring Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.71.

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, NHK Spring Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSE:5991' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.1 Med: 1.69 Max: 2.02
Current: 2.02

During the past 13 years, NHK Spring Co's highest Cash to Debt Ratio was 2.02. The lowest was 1.10. And the median was 1.69.

TSE:5991's Cash-to-Debt is ranked better than
71.98% of 1299 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs TSE:5991: 2.02

NHK Spring Co Cash-to-Debt Historical Data

The historical data trend for NHK Spring 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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NHK Spring Co Cash-to-Debt Chart

NHK Spring Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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1.30

1.10

1.75

1.42

2.02

NHK Spring 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															1.42	1.58	1.61	1.71	2.02

Competitive Comparison of NHK Spring Co's Cash-to-Debt

For the Auto Parts subindustry, NHK Spring 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.

NHK Spring Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, NHK Spring Co's Cash-to-Debt distribution charts can be found below:

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

NHK Spring 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.

NHK Spring 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)
	=	103216	/	(16209	+	34878)
	=	2.02

NHK Spring 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)
	=	94834	/	(17738	+	37660)
	=	1.71

NHK Spring Co (TSE:5991) 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.

NHK Spring Co Cash-to-Debt Related Terms

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NHK Spring Co (TSE:5991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NHK Spring Co Ltd (TSE:5991) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NHK:Germany

Address

3-10 Fukuura, Kanazawa-ku, Yokohama, JPN, 236-0004

Website

http://www.nhkspg.co.jp

NHK Spring Co Ltd is a Japanese manufacturer of suspension springs for automobiles and precision springs used in hard disk drive components. The company also produces leaf springs, coil springs, stabilizer bars, torsion bars, gas springs, automobile seats and seating components, hard disk drives suspensions and mechanical components, LCD/semiconductor testing probe units, and industrial machinery and equipment parts. The automotive suspension springs and precision springs segments and automotive seating segment generate the majority of NHK Spring's revenue. Geographically, Japan is the largest end market followed by other Asian countries and North America.

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