Nanto Bank (TSE:8367) Cash-to-Debt : 2.79 (As of Dec. 2023)

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What is Nanto 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. Nanto Bank's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.79.

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

TSE:8367' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.68 Med: 3.3 Max: 4.7
Current: 2.68

During the past 13 years, Nanto Bank's highest Cash to Debt Ratio was 4.70. The lowest was 1.68. And the median was 3.30.

TSE:8367's Cash-to-Debt is ranked better than
69.99% of 1426 companies
in the Banks industry
Industry Median: 1.29 vs TSE:8367: 2.68

Nanto Bank Cash-to-Debt Historical Data

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

Nanto Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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4.70

1.88

1.68

3.00

2.68

Nanto 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															3.00	3.04	3.12	2.79	2.68

Competitive Comparison of Nanto Bank's Cash-to-Debt

For the Banks - Regional subindustry, Nanto 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.

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

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

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

Nanto 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.

Nanto 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)
	=	963526	/	(0	+	359760)
	=	2.68

Nanto 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)
	=	1131889	/	(0	+	405747)
	=	2.79

Nanto Bank (TSE:8367) 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.

Nanto Bank Cash-to-Debt Related Terms

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

Nanto Bank (TSE:8367) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nanto Bank Ltd (TSE:8367) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Hashimoto-cho, Nara, JPN, 630-8677

Website

http://www.nantobank.co.jp

Nanto Bank Ltd is a Japanese regional bank operating primarily in the Nara Prefecture, but extending to neighboring prefectures in Japan. The bank reports earnings through two segments: banking and securities, and leasing. It also operates a credit guarantee, computer software development and service, and a credit card business. The bank's strategy emphasizes regional market penetration. Most of the bank's earning assets are in loans and bills discounted and securities. Nanto Bank generates a majority of income through net interest income, followed by fees and commissions.

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