Okayamaken Freight Transportation Co (TSE:9063) Cash-to-Debt : 0.45 (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Okayamaken Freight Transportation Co 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. Okayamaken Freight Transportation Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.45.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Okayamaken Freight Transportation Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Okayamaken Freight Transportation Co's Cash-to-Debt or its related term are showing as below:

TSE:9063' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.37 Max: 0.49
Current: 0.45

During the past 13 years, Okayamaken Freight Transportation Co's highest Cash to Debt Ratio was 0.49. The lowest was 0.16. And the median was 0.37.

TSE:9063's Cash-to-Debt is ranked worse than
52.47% of 953 companies
in the Transportation industry
Industry Median: 0.49 vs TSE:9063: 0.45

Okayamaken Freight Transportation Co Cash-to-Debt Historical Data

The historical data trend for Okayamaken Freight Transportation Co'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.

* Premium members only.

Okayamaken Freight Transportation Co Cash-to-Debt Chart

Okayamaken Freight Transportation Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.39

0.45

0.44

0.41

Okayamaken Freight Transportation Co 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															0.43	0.41	0.39	0.46	0.45

Competitive Comparison of Okayamaken Freight Transportation Co's Cash-to-Debt

For the Trucking subindustry, Okayamaken Freight Transportation Co'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.

Okayamaken Freight Transportation Co's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Okayamaken Freight Transportation Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Okayamaken Freight Transportation Co's Cash-to-Debt falls into.

Okayamaken Freight Transportation Co Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities 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.

Okayamaken Freight Transportation Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	6503.536	/	(7856.128	+	8140.126)
	=	0.41

Okayamaken Freight Transportation Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	6033.099	/	(5715.207	+	7679.384)
	=	0.45

Okayamaken Freight Transportation Co (TSE:9063) 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.

Okayamaken Freight Transportation Co Cash-to-Debt Related Terms

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

Okayamaken Freight Transportation Co (TSE:9063) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Okayamaken Freight Transportation Co Ltd (TSE:9063) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4 No. 31, Kiyoshincho Kita-ku, Okayama, JPN, 700-0027

Website

http://www.okaken.co.jp

Okayamaken Freight Transportation Co Ltd is a cargo trucking company in Japan. The Company also provides door-to-door parcel delivery services. Okayamaken Freight Transportation leases building and sells oil products and automobile parts. Its business lines include Freight car transportation business, Warehousing, Air transport agent agency, Industrial waste collection, and transportation.

Okayamaken Freight Transportation Co (TSE:9063) Headlines

No Headlines