ONO Sokki Co (TSE:6858) Cash-to-Debt : 4.07 (As of Jun. 2024)

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What is ONO Sokki 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. ONO Sokki Co's cash to debt ratio for the quarter that ended in Jun. 2024 was 4.07.

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, ONO Sokki Co could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

TSE:6858' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.56 Med: 0.85 Max: 4.07
Current: 4.07

During the past 13 years, ONO Sokki Co's highest Cash to Debt Ratio was 4.07. The lowest was 0.56. And the median was 0.85.

TSE:6858's Cash-to-Debt is ranked better than
68.84% of 2452 companies
in the Hardware industry
Industry Median: 1.31 vs TSE:6858: 4.07

ONO Sokki Co Cash-to-Debt Historical Data

The historical data trend for ONO Sokki 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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ONO Sokki Co Cash-to-Debt Chart

ONO Sokki Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.69

0.85

0.57

0.56

0.66

ONO Sokki Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.77	0.83	0.66	0.76	4.07

Competitive Comparison of ONO Sokki Co's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, ONO Sokki 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.

ONO Sokki Co's Cash-to-Debt Distribution in the Hardware Industry

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

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

ONO Sokki 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.

ONO Sokki Co's Cash to Debt Ratio for the fiscal year 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)
	=	2118	/	(2823	+	398)
	=	0.66

ONO Sokki Co's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	6238	/	(1268	+	264)
	=	4.07

ONO Sokki Co (TSE:6858) 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.

ONO Sokki Co Cash-to-Debt Related Terms

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

ONO Sokki Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ONO Sokki Co Ltd (TSE:6858) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-9-3 Shin-Yokohama, Kohoku-ku, Yokohama, JPN, 222-8507

Website

http://www.onosokki.co.jp

ONO Sokki Co Ltd is engaged in the manufacturing and sales of electronic measuring instruments, applied electronic equipment, electronic control systems and related equipment. In addition, the company is involved in the sales of software for information processing systems and provision of engineering services. The company's products include digital measuring instruments, tachometer generators, data analyzers and test systems, torque meters, automobile manufacturing test systems, and industrial automatic systems.

ONO Sokki Co Headlines

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