Origin Co (TSE:6513) Cash-to-Debt : 3.94 (As of Dec. 2023)

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What is Origin 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. Origin Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.94.

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, Origin 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 Origin Co's Cash-to-Debt or its related term are showing as below:

TSE:6513' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.11 Med: 2.93 Max: 28.33
Current: 3.94

During the past 13 years, Origin Co's highest Cash to Debt Ratio was 28.33. The lowest was 1.11. And the median was 2.93.

TSE:6513's Cash-to-Debt is ranked better than
63.38% of 994 companies
in the Semiconductors industry
Industry Median: 1.79 vs TSE:6513: 3.94

Origin Co Cash-to-Debt Historical Data

The historical data trend for Origin 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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Origin Co Cash-to-Debt Chart

Origin Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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1.47

4.31

4.95

9.84

19.99

Origin Co 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															17.24	19.99	28.33	3.98	3.94

Competitive Comparison of Origin Co's Cash-to-Debt

For the Semiconductor Equipment & Materials subindustry, Origin 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.

Origin Co's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Origin Co's Cash-to-Debt distribution charts can be found below:

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

Origin 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.

Origin Co'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)
	=	9356.011	/	(303.835	+	164.261)
	=	19.99

Origin 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)
	=	10077	/	(576	+	1985)
	=	3.93

Origin Co (TSE:6513) 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.

Origin Co Cash-to-Debt Related Terms

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Origin Co (TSE:6513) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Origin Co Ltd (TSE:6513) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

11-2, Shintoshin, Chuo-ku, Saitama-ken, Land Axis Tower 13th Floor, Saitama-shi, JPN, 330-6013

Website

http://www.origin.co.jp

Origin Co Ltd is engaged in manufacturing and sales of power equipment, semiconductor devices, precision mechanical parts, system equipment and synthetic resin paints. Its business activities are divided into four divisions including Electronic, Chemitronics, Mechatronics and Components. The Electronics division promotes technological development of power supply equipment. Chemitronics division develops environmentally-friendly paints, water-based paints, benzene, solvent-based paints without toluene and xylene. The Mechatronics division develops cap sealer for semiconductor, vacuum soldering system, among others. Components division is engaged in the development of semiconductor power device technology and the development of original custom made precision mechanical parts.

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