Kankyou No Mikata (TSE:9224) Cash-to-Debt : 0.24 (As of Mar. 2024)

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What is Kankyou No Mikata 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. Kankyou No Mikata's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.24.

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, Kankyou No Mikata couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Kankyou No Mikata's Cash-to-Debt or its related term are showing as below:

TSE:9224' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 0.25 Max: 0.32
Current: 0.24

During the past 4 years, Kankyou No Mikata's highest Cash to Debt Ratio was 0.32. The lowest was 0.19. And the median was 0.25.

TSE:9224's Cash-to-Debt is not ranked
in the Waste Management industry.
Industry Median: 0.34 vs TSE:9224: 0.24

Kankyou No Mikata Cash-to-Debt Historical Data

The historical data trend for Kankyou No Mikata'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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Kankyou No Mikata Cash-to-Debt Chart

Kankyou No Mikata Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

0.25

0.32

0.27

0.19

Kankyou No Mikata Semi-Annual Data
	Sep20	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial			0.32	0.27	0.19	0.19	0.24

Competitive Comparison of Kankyou No Mikata's Cash-to-Debt

For the Waste Management subindustry, Kankyou No Mikata'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.

Kankyou No Mikata's Cash-to-Debt Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Kankyou No Mikata's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kankyou No Mikata's Cash-to-Debt falls into.

Kankyou No Mikata 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.

Kankyou No Mikata's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	629.785	/	(1089.13	+	2297.886)
	=	0.19

Kankyou No Mikata's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	956.149	/	(1227.182	+	2712.436)
	=	0.24

Kankyou No Mikata (TSE:9224) 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.

Kankyou No Mikata Cash-to-Debt Related Terms

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Kankyou No Mikata (TSE:9224) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Kankyou No Mikata Inc (TSE:9224) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1019 Kamishinden, Shizuoka Prefecture, Yaizu, JPN, 421-0206

Website

https://www.kankyounomikata.co.jp

Kankyou No Mikata Inc is a is a general waste collection and transportation business. The company collect garbage in Yaizu City, Fujieda City, Shimada City, Yoshida Town, Makinohara City, Omaezaki City, and Kawanehon Town in Shizuoka Prefecture. It operations includes regular collection of business waste to collection of oversized waste and waste generated by moving and cleaning up.

Kankyou No Mikata (TSE:9224) Headlines

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