Canon Electronics (TSE:7739) Cash-to-Debt : 160.72 (As of Dec. 2023)

View and export this data going back to 1981. Start your Free Trial

What is Canon Electronics 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. Canon Electronics's cash to debt ratio for the quarter that ended in Dec. 2023 was 160.72.

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, Canon Electronics 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 Canon Electronics's Cash-to-Debt or its related term are showing as below:

TSE:7739' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.75 Med: 158.51 Max: 405.22
Current: 160.72

During the past 13 years, Canon Electronics's highest Cash to Debt Ratio was 405.22. The lowest was 5.75. And the median was 158.51.

TSE:7739's Cash-to-Debt is ranked better than
93.2% of 2471 companies
in the Hardware industry
Industry Median: 1.38 vs TSE:7739: 160.72

Canon Electronics Cash-to-Debt Historical Data

The historical data trend for Canon Electronics'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.

Canon Electronics Cash-to-Debt Chart

Canon Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

103.47

10.57

6.79

5.75

160.72

Canon Electronics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															5.62	6.47	203.55	160.72	N/A

Competitive Comparison of Canon Electronics's Cash-to-Debt

For the Computer Hardware subindustry, Canon Electronics'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.

Canon Electronics's Cash-to-Debt Distribution in the Hardware Industry

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

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

Canon Electronics 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.

Canon Electronics's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	27643	/	(65	+	107)
	=	160.72

Canon Electronics's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	27643	/	(65	+	107)
	=	160.72

Canon Electronics (TSE:7739) 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.

Canon Electronics Cash-to-Debt Related Terms

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

Canon Electronics (TSE:7739) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Canon Electronics Inc (TSE:7739) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CAOEF:USA

Address

1248 Shimokagemori, Chichibu-shi, Saitama, JPN, 369-1892

Website

http://www.canon-elec.co.jp

Canon Electronics Inc is a Japanese company engaged in the development, production, and sales of precision machines and instruments, electric and electronic machines and instruments; information devices; software for computers and communications devices. The company mainly manufactures various scanners such as document scanners, network scanner, and check scanner.

Canon Electronics (TSE:7739) Headlines

No Headlines