The Yamagata Bank (TSE:8344) Cash-to-Debt : 1.63 (As of Sep. 2024)

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What is The Yamagata 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 Yamagata Bank's cash to debt ratio for the quarter that ended in Sep. 2024 was 1.63.

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 Yamagata Bank could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

TSE:8344' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.47 Med: 1.63 Max: 5.71
Current: 1.63

During the past 13 years, The Yamagata Bank's highest Cash to Debt Ratio was 5.71. The lowest was 0.47. And the median was 1.63.

TSE:8344's Cash-to-Debt is ranked better than
54.94% of 1509 companies
in the Banks industry
Industry Median: 1.33 vs TSE:8344: 1.63

The Yamagata Bank Cash-to-Debt Historical Data

The historical data trend for The Yamagata 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 Yamagata Bank Cash-to-Debt Chart

The Yamagata Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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2.60

1.52

1.28

1.88

1.47

The Yamagata Bank Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															1.73	1.16	1.31	1.47	1.63

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

For the Banks - Regional subindustry, The Yamagata 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 Yamagata Bank's Cash-to-Debt Distribution in the Banks Industry

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

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

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The Yamagata 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 Yamagata 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)
	=	197119	/	(0	+	134471)
	=	1.47

The Yamagata Bank's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	205494	/	(0	+	126340)
	=	1.63

The Yamagata Bank (TSE:8344) 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 Yamagata Bank Cash-to-Debt Related Terms

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The Yamagata Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The Yamagata Bank Ltd (TSE:8344) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

1-2, Nanukamachi 3-chome, Yamagata, JPN, 990-8642

Website

http://www.yamagatabank.co.jp

The Yamagata Bank Ltd is a provider of banking products and services, domiciled in Japan. The company generates the vast majority of revenue domestically. The bank operates through three functions: banking segment, leasing industry, and others. The largest of these is the banking segment, which offers products such as deposits and lending, exchange services, investment in securities, credit cards, venture capital services, and credit guarantees. The leasing industry segment is the next largest contributor to revenue and is involved in leasing services as well as business support and data processing.

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