Inaba Denkisangyo Co (TSE:9934) Cash-to-Debt : 157.74 (As of Sep. 2024)

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What is Inaba Denkisangyo 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. Inaba Denkisangyo Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 157.74.

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, Inaba Denkisangyo Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

TSE:9934' s Cash-to-Debt Range Over the Past 10 Years
Min: 38.68 Med: 148.72 Max: 285.37
Current: 285.37

During the past 13 years, Inaba Denkisangyo Co's highest Cash to Debt Ratio was 285.37. The lowest was 38.68. And the median was 148.72.

TSE:9934's Cash-to-Debt is ranked better than
92.36% of 3009 companies
in the Industrial Products industry
Industry Median: 1.24 vs TSE:9934: 285.37

Inaba Denkisangyo Co Cash-to-Debt Historical Data

The historical data trend for Inaba Denkisangyo 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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Inaba Denkisangyo Co Cash-to-Debt Chart

Inaba Denkisangyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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191.05

218.07

226.15

177.70

168.27

Inaba Denkisangyo Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															149.43	168.27	N/A	157.74	285.37

Competitive Comparison of Inaba Denkisangyo Co's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Inaba Denkisangyo 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.

Inaba Denkisangyo Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Inaba Denkisangyo Co's Cash-to-Debt distribution charts can be found below:

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

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Inaba Denkisangyo 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.

Inaba Denkisangyo Co's Cash to Debt Ratio for the fiscal year 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)
	=	69495	/	(413	+	0)
	=	168.27

Inaba Denkisangyo Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	68776	/	(436	+	0)
	=	157.74

Inaba Denkisangyo Co (TSE:9934) 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.

Inaba Denkisangyo Co Cash-to-Debt Related Terms

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

Inaba Denkisangyo Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Inaba Denkisangyo Co Ltd (TSE:9934) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

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Address

Nishi Ward 4-chome 11-14, Osaka, JPN, 550-0012

Website

http://www.inaba.co.jp

Inaba Denkisangyo Co Ltd is divided its business in Electrical equipment and materials, Industrial solutions and proprietary product divisions. Electrical equipment and materials division comprises products from light fittings, air conditioning systems, distribution panels for all types of buildings. Industrial solutions division consists of solutions for issues such as improving productivity, resource conservation, and space saving. Proprietary products division includes the development of in-house brands Inaba denko and Abaniact. It also develops products for eco-friendly lifestyles.

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