Bank of The RyukyusLtd (TSE:8399) Cash-to-Debt : 14.07 (As of Sep. 2024)

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What is Bank of The RyukyusLtd 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. Bank of The RyukyusLtd's cash to debt ratio for the quarter that ended in Sep. 2024 was 14.07.

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

TSE:8399' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.54 Med: 4.71 Max: 28.83
Current: 14.07

During the past 13 years, Bank of The RyukyusLtd's highest Cash to Debt Ratio was 28.83. The lowest was 1.54. And the median was 4.71.

TSE:8399's Cash-to-Debt is ranked better than
87.19% of 1514 companies
in the Banks industry
Industry Median: 1.36 vs TSE:8399: 14.07

Bank of The RyukyusLtd Cash-to-Debt Historical Data

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

Bank of The RyukyusLtd Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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15.21

4.08

2.59

5.71

17.73

Bank of The RyukyusLtd 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															28.83	20.15	17.50	17.73	14.07

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

For the Banks - Regional subindustry, Bank of The RyukyusLtd'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.

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

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

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

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Bank of The RyukyusLtd 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.

Bank of The RyukyusLtd'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)
	=	341755	/	(0	+	19271)
	=	17.73

Bank of The RyukyusLtd'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)
	=	261813	/	(0	+	18613)
	=	14.07

Bank of The RyukyusLtd (TSE:8399) 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.

Bank of The RyukyusLtd Cash-to-Debt Related Terms

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

Bank of The RyukyusLtd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of The RyukyusLtd (TSE:8399) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

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Address

2-1 Higashimachi, Okinawa, Naha Port Building, Naha, JPN, 900-0034

Website

http://www.ryugin.co.jp

Bank of The RyukyusLtd is a banking and financial services group operating primarily in the Okinawa Prefecture. It was founded during the post-World War II era by ordinance of the U.S. military government for purposes of restoring financial order and stabilizing the currency given the region's importance. At present, it continues its regional strategic-orientation and provides a host of financial services to consumers and small to medium-size businesses in tourism-dependent Okinawa. These include general leasing, housing loans, debt guaranty, insurance, cash inspection and dispensing, credit cards and financing, clerical services, and surveys and research.

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