OKANO VALVE MFG Co (TSE:6492) Cash-to-Debt : 3.49 (As of Feb. 2024)

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What is OKANO VALVE 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. OKANO VALVE MFG Co's cash to debt ratio for the quarter that ended in Feb. 2024 was 3.49.

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, OKANO VALVE MFG Co could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

TSE:6492' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.94 Med: 2.68 Max: No Debt
Current: 3.49

During the past 13 years, OKANO VALVE MFG Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.94. And the median was 2.68.

TSE:6492's Cash-to-Debt is ranked better than
67.22% of 2926 companies
in the Industrial Products industry
Industry Median: 1.22 vs TSE:6492: 3.49

OKANO VALVE MFG Co Cash-to-Debt Historical Data

The historical data trend for OKANO VALVE 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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OKANO VALVE MFG Co Cash-to-Debt Chart

OKANO VALVE MFG Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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1.20

1.68

2.20

2.93

3.08

OKANO VALVE MFG Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															2.97	2.68	2.69	3.08	3.49

Competitive Comparison of OKANO VALVE MFG Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, OKANO VALVE 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.

OKANO VALVE MFG Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, OKANO VALVE MFG Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where OKANO VALVE MFG Co's Cash-to-Debt falls into.

OKANO VALVE 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.

OKANO VALVE MFG Co's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
	=	3533	/	(312	+	835)
	=	3.08

OKANO VALVE MFG Co's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	3727	/	(312	+	757)
	=	3.49

OKANO VALVE MFG Co (TSE:6492) 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.

OKANO VALVE MFG Co Cash-to-Debt Related Terms

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OKANO VALVE MFG Co (TSE:6492) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » OKANO VALVE MFG Co Ltd (TSE:6492) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-14 Nakamachi, Moji-ku, Kitakyusyu, JPN, 800-8601

Website

http://www.okano-valve.co.jp

OKANO VALVE MFG.CO.LTD. is the diversified industrial equipment and components manufacturer in Japan. The principal business activities of the company are the production of various valves, machinery and equipment. The company offers globe valve, gate valve, check valve, drain valve, lining valve, among others. In addition, it is involved in the various iron and steel casting, forging as well as the sale of its products.

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