Visco Technologies (TSE:6698) Cash-to-Debt : 6.04 (As of Dec. 2023)

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What is Visco Technologies 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. Visco Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 6.04.

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

TSE:6698' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.82 Med: 4.55 Max: 6.14
Current: 6.04

During the past 8 years, Visco Technologies's highest Cash to Debt Ratio was 6.14. The lowest was 0.82. And the median was 4.55.

TSE:6698's Cash-to-Debt is ranked better than
72.81% of 2479 companies
in the Hardware industry
Industry Median: 1.32 vs TSE:6698: 6.04

Visco Technologies Cash-to-Debt Historical Data

The historical data trend for Visco Technologies'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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Visco Technologies Cash-to-Debt Chart

Visco Technologies Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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3.98

4.44

5.53

6.03

5.46

Visco Technologies 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															5.66	5.46	5.90	6.14	6.04

Competitive Comparison of Visco Technologies's Cash-to-Debt

For the Electronic Components subindustry, Visco Technologies'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.

Visco Technologies's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Visco Technologies's Cash-to-Debt distribution charts can be found below:

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

Visco Technologies 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.

Visco Technologies'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)
	=	2466.525	/	(451.4	+	0)
	=	5.46

Visco Technologies'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)
	=	2621.49	/	(433.904	+	0)
	=	6.04

Visco Technologies (TSE:6698) 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.

Visco Technologies Cash-to-Debt Related Terms

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Visco Technologies (TSE:6698) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Visco Technologies Corp (TSE:6698) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-11-1 Kaigan, 20th Floor, New Pier Takeshiba North Tower, Minato-ku, Tokyo, JPN, 105-0022

Website

http://www.visco-tech.com

Visco Technologies Corp is engaged in development, manufacture, sales, and maintenance of machine vision system. It is also engaged in providing Visual Inspection Algorithm, Image Processing Technology, and other solutions. The company's Image Processing Technology comprises of Alignment, Checking, Measuring, Recognition and Existence.

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