Nishio Holdings Co (TSE:9699) Cash-to-Debt : 0.48 (As of Mar. 2024)

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What is Nishio 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. Nishio Holdings Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.48.

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, Nishio Holdings Co 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 Nishio Holdings Co's Cash-to-Debt or its related term are showing as below:

TSE:9699' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 0.51 Max: 0.75
Current: 0.48

During the past 13 years, Nishio Holdings Co's highest Cash to Debt Ratio was 0.75. The lowest was 0.34. And the median was 0.51.

TSE:9699's Cash-to-Debt is ranked worse than
61.69% of 1065 companies
in the Business Services industry
Industry Median: 1.01 vs TSE:9699: 0.48

Nishio Holdings Co Cash-to-Debt Historical Data

The historical data trend for Nishio 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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Nishio Holdings Co Cash-to-Debt Chart

Nishio Holdings Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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0.50

0.46

0.54

0.51

0.47

Nishio Holdings Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.47	0.47	0.43	0.48	N/A

Competitive Comparison of Nishio Holdings Co's Cash-to-Debt

For the Rental & Leasing Services subindustry, Nishio 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.

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

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

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

Nishio 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.

Nishio Holdings Co'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)
	=	43052	/	(27300	+	65044)
	=	0.47

Nishio 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)
	=	47662	/	(28764	+	70026)
	=	0.48

Nishio Holdings Co (TSE:9699) 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.

Nishio Holdings Co Cash-to-Debt Related Terms

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Nishio Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Nishio Holdings Co Ltd (TSE:9699) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1-11-17, Higashi Shinsaibashi, Chou-ku, Osaka, JPN, 542-0083

Website

https://www.nishio-grp.co.jp

Nishio Holdings Co Ltd is a provider of rental construction and industrial machinery. The company offers rental solutions for construction and industrial machinery, mounting and tunnelling machines for mining operations, and water purification and recycling equipment. The company, through its subsidiaries, also designs, manufactures, and repairs tunnelling machines and other special vehicles, such as special transfer locomotives and battery-driven vehicles at construction sites. The company operates in Asia.

Nishio Holdings Co Headlines

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