The Tottori Bank (TSE:8383) Cash-to-Debt : 2.23 (As of Dec. 2023)

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What is The Tottori 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 Tottori Bank's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.23.

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

TSE:8383' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.52 Med: 3.23 Max: 16.82
Current: 2.23

During the past 13 years, The Tottori Bank's highest Cash to Debt Ratio was 16.82. The lowest was 1.52. And the median was 3.23.

TSE:8383's Cash-to-Debt is ranked better than
65.14% of 1423 companies
in the Banks industry
Industry Median: 1.3 vs TSE:8383: 2.23

The Tottori Bank Cash-to-Debt Historical Data

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

The Tottori Bank Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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16.23

16.82

1.52

1.56

1.73

The Tottori Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															2.09	1.73	2.11	1.96	2.23

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

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

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

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

The Tottori 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 Tottori Bank's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	72579	/	(0	+	42060)
	=	1.73

The Tottori 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)
	=	93929	/	(0	+	42059)
	=	2.23

The Tottori Bank (TSE:8383) 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 Tottori Bank Cash-to-Debt Related Terms

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

The Tottori Bank (TSE:8383) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The Tottori Bank Ltd (TSE:8383) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

171 Eiraku-Onsencho, Tottori, JPN, 680-8686

Website

http://www.tottoribank.co.jp

The Tottori Bank Ltd is a Japan-based bank mainly engaged in the banking business. The bank offers the general account, and ordinary, savings, funded time, periodical, property and tax reserve deposit, foreign currency accounts. In addition, it also advances card, and business loans, as well as loan-related services. Further, it also provides automated teller machine special interest time deposit, foreign exchange services, individual annuity, medical, life, periodic, cancer, and revenue protection insurance services.

The Tottori Bank (TSE:8383) Headlines

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