Hokkoku Financial Holdings (TSE:7381) Cash-to-Debt : 2.98 (As of Dec. 2023)

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What is Hokkoku Financial Holdings 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. Hokkoku Financial Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.98.

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, Hokkoku Financial Holdings 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 Hokkoku Financial Holdings's Cash-to-Debt or its related term are showing as below:

TSE:7381' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.02 Med: 2.34 Max: 3.51
Current: 3.51

During the past 3 years, Hokkoku Financial Holdings's highest Cash to Debt Ratio was 3.51. The lowest was 2.02. And the median was 2.34.

TSE:7381's Cash-to-Debt is ranked better than
75.35% of 1420 companies
in the Banks industry
Industry Median: 1.295 vs TSE:7381: 3.51

Hokkoku Financial Holdings Cash-to-Debt Historical Data

The historical data trend for Hokkoku Financial Holdings'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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Hokkoku Financial Holdings Cash-to-Debt Chart

Hokkoku Financial Holdings Annual Data

Trend

Mar22

Mar23

Mar24

Cash-to-Debt

2.02

2.34

3.51

Hokkoku Financial Holdings Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial					2.34	3.20	2.55	2.98	3.51

Competitive Comparison of Hokkoku Financial Holdings's Cash-to-Debt

For the Banks - Regional subindustry, Hokkoku Financial Holdings'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.

Hokkoku Financial Holdings's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Hokkoku Financial Holdings's Cash-to-Debt distribution charts can be found below:

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

Hokkoku Financial Holdings Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Hokkoku Financial Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1576763	/	(0	+	448860)
	=	3.51

Hokkoku Financial Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1145569	/	(0	+	384465)
	=	2.98

Hokkoku Financial Holdings (TSE:7381) 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.

Hokkoku Financial Holdings Cash-to-Debt Related Terms

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Hokkoku Financial Holdings (TSE:7381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hokkoku Financial Holdings Inc (TSE:7381) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-12-6 Hirooka, Ishikawa, Kanazawa, JPN, 920-8670

Website

Hokkoku Financial Holdings Inc is engaged in the business management of banks and other companies.

Hokkoku Financial Holdings (TSE:7381) Headlines

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