Japan Engine (TSE:6016) Cash-to-Debt : 2.83 (As of Sep. 2024)

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What is Japan Engine 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. Japan Engine's cash to debt ratio for the quarter that ended in Sep. 2024 was 2.83.

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, Japan Engine could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

TSE:6016' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.67 Med: 1.16 Max: 2.85
Current: 2.85

During the past 13 years, Japan Engine's highest Cash to Debt Ratio was 2.85. The lowest was 0.67. And the median was 1.16.

TSE:6016's Cash-to-Debt is ranked better than
64.75% of 3001 companies
in the Industrial Products industry
Industry Median: 1.23 vs TSE:6016: 2.85

Japan Engine Cash-to-Debt Historical Data

The historical data trend for Japan Engine'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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Japan Engine Cash-to-Debt Chart

Japan Engine Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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1.00

0.71

1.06

1.61

1.34

Japan Engine Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															1.69	1.34	N/A	2.83	2.85

Competitive Comparison of Japan Engine's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Japan Engine'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.

Japan Engine's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

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Japan Engine 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.

Japan Engine'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)
	=	4280.765	/	(406.946	+	2799.003)
	=	1.34

Japan Engine'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)
	=	7719.781	/	(323.024	+	2402.876)
	=	2.83

Japan Engine (TSE:6016) 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.

Japan Engine Cash-to-Debt Related Terms

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

Japan Engine Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Japan Engine Corp (TSE:6016) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

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Address

1, Minamifutami, Futami-cho, Hyogo Prefecture, Akashi, JPN, 674 0093

Website

https://www.j-eng.co.jp

Japan Engine Corp is a Japanese company engaged in the production and sale of various types of UE diesel engines. It also manufactures machinery and equipment related to marine, factory automation and energy saving. The organization has a business presence in Japan and other countries.

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