The 77 Bank (TSE:8341) Cash-to-Debt : 1.71 (As of Dec. 2023)

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What is The 77 Bank 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. The 77 Bank's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.71.

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, The 77 Bank 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 The 77 Bank's Cash-to-Debt or its related term are showing as below:

TSE:8341' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.59 Med: 3.13 Max: 108.81
Current: 1.59

During the past 13 years, The 77 Bank's highest Cash to Debt Ratio was 108.81. The lowest was 1.59. And the median was 3.13.

TSE:8341's Cash-to-Debt is ranked better than
56.35% of 1425 companies
in the Banks industry
Industry Median: 1.29 vs TSE:8341: 1.59

The 77 Bank Cash-to-Debt Historical Data

The historical data trend for The 77 Bank'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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The 77 Bank Cash-to-Debt Chart

The 77 Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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2.54

2.27

1.64

1.98

1.59

The 77 Bank 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															1.98	2.25	1.94	1.71	1.59

Competitive Comparison of The 77 Bank's Cash-to-Debt

For the Banks - Regional subindustry, The 77 Bank'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.

The 77 Bank's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, The 77 Bank's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where The 77 Bank's Cash-to-Debt falls into.

The 77 Bank 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.

The 77 Bank'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)
	=	1288993	/	(0	+	808703)
	=	1.59

The 77 Bank'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)
	=	1080429	/	(0	+	631530)
	=	1.71

The 77 Bank (TSE:8341) 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.

The 77 Bank Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of The 77 Bank's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

The 77 Bank (TSE:8341) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The 77 Bank Ltd (TSE:8341) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-20, Chuo 3-chome, Aoba-ku, Miyagi, Sendai, JPN, 980-8777

Website

https://www.77bank.co.jp

The 77 Bank Ltd operates mostly in the Miyagi prefecture of Japan, which is in the southeast Tohoku region of the island of Honshu, and the bank's strategy emphasizes the prefecture's link between Tohoku and Tokyo. The bank is a group that engages in leasing, credit card, and other financial services in addition to the banking business. Most of the bank's earning assets are almost entirely from loans and bills discounted and investment securities. As such, a majority of the bank's income comes from interest on loans and discounts, and interest and dividends on trading accounts and investment securities.

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