ESPEC (TSE:6859) Cash-to-Debt : 12.30 (As of Sep. 2024)

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What is ESPEC 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. ESPEC's cash to debt ratio for the quarter that ended in Sep. 2024 was 12.30.

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, ESPEC could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

TSE:6859' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.21 Med: 66.67 Max: No Debt
Current: 12.3

During the past 13 years, ESPEC's highest Cash to Debt Ratio was No Debt. The lowest was 3.21. And the median was 66.67.

TSE:6859's Cash-to-Debt is ranked better than
79.91% of 2459 companies
in the Hardware industry
Industry Median: 1.29 vs TSE:6859: 12.30

ESPEC Cash-to-Debt Historical Data

The historical data trend for ESPEC'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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ESPEC Cash-to-Debt Chart

ESPEC Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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25.01

32.16

46.03

48.81

3.21

ESPEC Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															51.30	4.68	5.04	3.21	12.30

Competitive Comparison of ESPEC's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, ESPEC'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.

ESPEC's Cash-to-Debt Distribution in the Hardware Industry

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

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

ESPEC 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.

ESPEC's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	16796	/	(5102	+	128)
	=	3.21

ESPEC's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	14071	/	(1096	+	48)
	=	12.30

ESPEC (TSE:6859) 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.

ESPEC Cash-to-Debt Related Terms

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

ESPEC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ESPEC Corp (TSE:6859) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-5-6, Tenjinbashi, Kita-Ku, Osaka, JPN, 530-8550

Website

http://www.espec.co.jp

ESPEC Corp is a Japanese manufacturer of environmental test chambers. It is engaged in the business divisions of Equipment business, Service business and Other business. In the Equipment business, the company offers environmental test chambers, secondary battery-related equipment, measurement and evaluation systems and semiconductor-related equipment. In the Service business, the entity offers after-sales service and engineering, laboratory testing services and other services. The organization offers its products in Japan and other countries.

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