Himaraya Co (TSE:7514) Cash-to-Debt : 0.70 (As of Feb. 2024)

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What is Himaraya 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. Himaraya Co's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.70.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Himaraya Co couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

TSE:7514' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 0.6 Max: 1.34
Current: 0.7

During the past 13 years, Himaraya Co's highest Cash to Debt Ratio was 1.34. The lowest was 0.20. And the median was 0.60.

TSE:7514's Cash-to-Debt is ranked better than
59.44% of 1102 companies
in the Retail - Cyclical industry
Industry Median: 0.47 vs TSE:7514: 0.70

Himaraya Co Cash-to-Debt Historical Data

The historical data trend for Himaraya 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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Himaraya Co Cash-to-Debt Chart

Himaraya Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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0.40

0.70

1.19

1.18

0.79

Himaraya Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															1.22	1.21	0.79	0.76	0.70

Competitive Comparison of Himaraya Co's Cash-to-Debt

For the Specialty Retail subindustry, Himaraya 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.

Himaraya Co's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Himaraya Co's Cash-to-Debt distribution charts can be found below:

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

Himaraya 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.

Himaraya Co's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	4396	/	(2512	+	3025)
	=	0.79

Himaraya Co's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	4406	/	(4397	+	1884)
	=	0.70

Himaraya Co (TSE:7514) 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.

Himaraya Co Cash-to-Debt Related Terms

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Himaraya Co (TSE:7514) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Himaraya Co Ltd (TSE:7514) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-1 Ezoe, Gifu-shi, JPN, 500 - 8630

Website

http://www.himaraya.co.jp

Himaraya Co Ltd is engaged in the retail sale of sporting goods in Japan. The company offers various sportswear, training wear, pants, caddy bag, shoes, head cover, golf apparel, practice equipment, leisure goods, street sports, rain wears, and other related items.

Himaraya Co (TSE:7514) Headlines

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