Kanamoto Co (TSE:9678) Cash-to-Debt : 0.87 (As of Apr. 2024)

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What is Kanamoto 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. Kanamoto Co's cash to debt ratio for the quarter that ended in Apr. 2024 was 0.87.

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, Kanamoto Co couldn't pay off its debt using the cash in hand for the quarter that ended in Apr. 2024.

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

TSE:9678' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.73 Med: 0.94 Max: 1.5
Current: 0.87

During the past 13 years, Kanamoto Co's highest Cash to Debt Ratio was 1.50. The lowest was 0.73. And the median was 0.94.

TSE:9678's Cash-to-Debt is ranked worse than
52.39% of 1065 companies
in the Business Services industry
Industry Median: 1.01 vs TSE:9678: 0.87

Kanamoto Co Cash-to-Debt Historical Data

The historical data trend for Kanamoto 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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Kanamoto Co Cash-to-Debt Chart

Kanamoto Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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1.36

1.01

1.13

0.88

0.81

Kanamoto Co Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Cash-to-Debt	Get a 7-Day Free Trial															0.81	0.81	0.82	0.87	N/A

Competitive Comparison of Kanamoto Co's Cash-to-Debt

For the Rental & Leasing Services subindustry, Kanamoto 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.

Kanamoto Co's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Kanamoto Co's Cash-to-Debt distribution charts can be found below:

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

Kanamoto 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.

Kanamoto Co's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	45611	/	(17145	+	39422)
	=	0.81

Kanamoto Co's Cash to Debt Ratio for the quarter that ended in Apr. 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)
	=	50784	/	(18151	+	40506)
	=	0.87

Kanamoto Co (TSE:9678) 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.

Kanamoto Co Cash-to-Debt Related Terms

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Kanamoto Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Kanamoto Co Ltd (TSE:9678) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-19, Odori Higashi 3-chome Chuo-ku, Sapporo, Hokkaido, JPN, 060-0041

Website

http://www.kanamoto.co.jp

Kanamoto Co Ltd is a provider of construction equipment rentals. The company operates three business segments: construction equipment rental, steel products, and computing products. The construction equipment rental business is Kanamoto's core business, accounting for most of the company's revenue. The company owns various hand tools and construction equipment, such as dump trucks and hydraulic excavators, which it rents out to its customers. The steel products business sells various construction materials for engineering and construction works. The computing products business provides rentals and sale of computer-related equipment. Kanamoto operates in Asia.

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