Shima Seiki Mfg (TSE:6222) Cash-to-Debt : 3.88 (As of Dec. 2023)

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What is Shima Seiki Mfg 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. Shima Seiki Mfg's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.88.

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, Shima Seiki Mfg 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 Shima Seiki Mfg's Cash-to-Debt or its related term are showing as below:

TSE:6222' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.67 Med: 2.1 Max: 9.24
Current: 3.88

During the past 13 years, Shima Seiki Mfg's highest Cash to Debt Ratio was 9.24. The lowest was 0.67. And the median was 2.10.

TSE:6222's Cash-to-Debt is ranked better than
68.55% of 2900 companies
in the Industrial Products industry
Industry Median: 1.23 vs TSE:6222: 3.88

Shima Seiki Mfg Cash-to-Debt Historical Data

The historical data trend for Shima Seiki Mfg'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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Shima Seiki Mfg Cash-to-Debt Chart

Shima Seiki Mfg Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

2.14

1.80

2.70

8.98

6.05

Shima Seiki Mfg Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															8.45	6.05	8.76	6.40	3.88

Competitive Comparison of Shima Seiki Mfg's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Shima Seiki Mfg'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.

Shima Seiki Mfg's Cash-to-Debt Distribution in the Industrial Products Industry

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

* The bar in red indicates where Shima Seiki Mfg's Cash-to-Debt falls into.

Shima Seiki Mfg 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.

Shima Seiki Mfg's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	17530	/	(1767	+	1130)
	=	6.05

Shima Seiki Mfg'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)
	=	14462	/	(2893	+	832)
	=	3.88

Shima Seiki Mfg (TSE:6222) 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.

Shima Seiki Mfg Cash-to-Debt Related Terms

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Shima Seiki Mfg (TSE:6222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shima Seiki Mfg Ltd (TSE:6222) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

85 Sakata, Wakayama, JPN, 641-8511

Website

http://www.shimaseiki.co.jp

Shima Seiki Mfg Ltd is a Japan-based company that is engaged in developing, manufacturing, selling, and servicing computerized flat knitting machines, design systems, automatic fabric-cutting machines, and glove- and sock-knitting machines. The company's products are applied in apparel, knitting, weaving, printing, circular knitting, interior furnishings, automotive, aerospace, and other industrial materials. Flat knitting machines account for the majority of the company's sales. Shima Seiki generates most of its sales from Asia and Europe.

Shima Seiki Mfg (TSE:6222) Headlines

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