Koa Shoji Holdings Co (TSE:9273) Cash-to-Debt : 3.65 (As of Mar. 2024)

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What is Koa Shoji Holdings 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. Koa Shoji Holdings Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.65.

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, Koa Shoji Holdings Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Koa Shoji Holdings Co's Cash-to-Debt or its related term are showing as below:

TSE:9273' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.97 Med: 1.65 Max: 3.69
Current: 3.65

During the past 8 years, Koa Shoji Holdings Co's highest Cash to Debt Ratio was 3.69. The lowest was 0.97. And the median was 1.65.

TSE:9273's Cash-to-Debt is ranked better than
68.1% of 1050 companies
in the Drug Manufacturers industry
Industry Median: 0.94 vs TSE:9273: 3.65

Koa Shoji Holdings Co Cash-to-Debt Historical Data

The historical data trend for Koa Shoji Holdings 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.

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Koa Shoji Holdings Co Cash-to-Debt Chart

Koa Shoji Holdings Co Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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1.08

1.45

2.13

2.61

3.43

Koa Shoji Holdings Co 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															3.03	3.43	3.10	3.69	3.65

Competitive Comparison of Koa Shoji Holdings Co's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Koa Shoji Holdings 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.

Koa Shoji Holdings Co's Cash-to-Debt Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Koa Shoji Holdings Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Koa Shoji Holdings Co's Cash-to-Debt falls into.

Koa Shoji Holdings 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.

Koa Shoji Holdings Co's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	10767.016	/	(1199.904	+	1941.288)
	=	3.43

Koa Shoji Holdings Co'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)
	=	10687.951	/	(1223.904	+	1704.336)
	=	3.65

Koa Shoji Holdings Co (TSE:9273) 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.

Koa Shoji Holdings Co Cash-to-Debt Related Terms

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Koa Shoji Holdings Co (TSE:9273) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Koa Shoji Holdings Co Ltd (TSE:9273) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7-13-15 Hiyoshi Kohoku-ku, Kanagawa, Yokohama, JPN, 223-0061

Website

http://www.koashoji-hd.com

Koa Shoji Holdings Co Ltd is a pharmaceutical manufacturing company. It is mainly engaged in the manufacturing, sales and import/export of pharmaceuticals.

Koa Shoji Holdings Co (TSE:9273) Headlines

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