Aichi Financial Group (TSE:7389) Cash-to-Debt : 1.82 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Aichi Financial Group 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. Aichi Financial Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.82.

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

TSE:7389' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.34 Med: 1.6 Max: 1.86
Current: 1.86

During the past 2 years, Aichi Financial Group's highest Cash to Debt Ratio was 1.86. The lowest was 1.34. And the median was 1.60.

TSE:7389's Cash-to-Debt is ranked better than
60.25% of 1439 companies
in the Banks industry
Industry Median: 1.28 vs TSE:7389: 1.86

Aichi Financial Group Cash-to-Debt Historical Data

The historical data trend for Aichi Financial Group'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.

* Premium members only.

Aichi Financial Group Cash-to-Debt Chart

Aichi Financial Group Annual Data

Trend

Mar23

Mar24

Cash-to-Debt

1.34

1.86

Aichi Financial Group Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial			1.34	1.49	1.57	1.82	1.86

Competitive Comparison of Aichi Financial Group's Cash-to-Debt

For the Banks - Regional subindustry, Aichi Financial Group'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.

Aichi Financial Group's Cash-to-Debt Distribution in the Banks Industry

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

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

Aichi Financial Group 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.

Aichi Financial Group'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)
	=	605152	/	(0	+	326089)
	=	1.86

Aichi Financial Group'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)
	=	536184	/	(0	+	294735)
	=	1.82

Aichi Financial Group (TSE:7389) 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.

Aichi Financial Group Cash-to-Debt Related Terms

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

Aichi Financial Group (TSE:7389) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Aichi Financial Group Inc (TSE:7389) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-14-12, Sakae, Naka-ku, Nagoya-shi, Aichi, JPN, 460-8678

Website

https://www.aichi-fg.co.jp

Aichi Financial Group Inc is involved in the banking business. It provides banking products and services.

Aichi Financial Group (TSE:7389) Headlines

No Headlines