Hokkaido Shikangyo Co (TSE:7693) Cash-to-Debt : 2.52 (As of Sep. 2023)

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What is Hokkaido Shikangyo 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. Hokkaido Shikangyo Co's cash to debt ratio for the quarter that ended in Sep. 2023 was 2.52.

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, Hokkaido Shikangyo Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

TSE:7693' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.8 Med: 2.17 Max: 5.26
Current: 2.52

During the past 5 years, Hokkaido Shikangyo Co's highest Cash to Debt Ratio was 5.26. The lowest was 1.80. And the median was 2.17.

TSE:7693's Cash-to-Debt is not ranked
in the Medical Distribution industry.
Industry Median: 0.775 vs TSE:7693: 2.52

Hokkaido Shikangyo Co Cash-to-Debt Historical Data

The historical data trend for Hokkaido Shikangyo 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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Hokkaido Shikangyo Co Cash-to-Debt Chart

Hokkaido Shikangyo Co Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

5.26

1.88

2.14

2.19

2.64

Hokkaido Shikangyo Co Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial				1.83	2.19	1.80	2.64	2.52

Competitive Comparison of Hokkaido Shikangyo Co's Cash-to-Debt

For the Medical Distribution subindustry, Hokkaido Shikangyo 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.

Hokkaido Shikangyo Co's Cash-to-Debt Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Hokkaido Shikangyo Co's Cash-to-Debt distribution charts can be found below:

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

Hokkaido Shikangyo 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.

Hokkaido Shikangyo Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	381.986	/	(72.679	+	71.784)
	=	2.64

Hokkaido Shikangyo Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	335.97	/	(72.388	+	60.736)
	=	2.52

Hokkaido Shikangyo Co (TSE:7693) 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.

Hokkaido Shikangyo Co Cash-to-Debt Related Terms

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Hokkaido Shikangyo Co (TSE:7693) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Hokkaido Shika Sangyo Co Ltd (TSE:7693) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kikusuikami-cho, 2 of Article 4-chome 36-7, Yubinbango, Sapporo Shiroishi-ku, Hokkaido, JPN, 003-0812

Website

https://www.hokusan-kk.co.jp

Hokkaido Shika Sangyo Co Ltd is engaged in sales of dental instruments and dental materials. The company's activities include sale of medical equipment and pharmaceuticals, veterinary medical equipment and veterinary drugs, poisonous substances and deleterious substances, medical oxygen and nitrous oxide, rental of medical equipment highly managed medical equipment, sale and rental of used medical equipment, inspection, maintenance and repair of medical equipment.

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