Toyo Tanso Co (Toyo Tanso Co) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Toyo Tanso 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. Toyo Tanso Co's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, Toyo Tanso Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

TYOTF' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.33 Med: 37.09 Max: No Debt
Current: No Debt

During the past 13 years, Toyo Tanso Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.33. And the median was 37.09.

TYOTF's Cash-to-Debt is ranked better than
99.8% of 3005 companies
in the Industrial Products industry
Industry Median: 1.23 vs TYOTF: No Debt

Toyo Tanso Co Cash-to-Debt Historical Data

The historical data trend for Toyo Tanso 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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Toyo Tanso Co Cash-to-Debt Chart

Toyo Tanso Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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61.35

65.48

92.29

64.70

No Debt

Toyo Tanso 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Toyo Tanso Co's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Toyo Tanso 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.

Toyo Tanso Co's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Toyo Tanso 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.

Toyo Tanso Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Toyo Tanso Co had no debt ⁽¹⁾.

Toyo Tanso Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Toyo Tanso Co had no debt ⁽¹⁾.

Toyo Tanso Co (OTCPK:TYOTF) 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.

Toyo Tanso Co Cash-to-Debt Related Terms

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

Toyo Tanso Co (Toyo Tanso Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Toyo Tanso Co Ltd (OTCPK:TYOTF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

5310:Japan T9T:Germany

Address

Nishiyodogawa ku Takeshima 5-7-12, Osaka, JPN, 555-0011

Website

http://www.toyotanso.co.jp

Toyo Tanso Co Ltd is a Japanese corporation engaged in the manufacture of electronic materials such as special graphite and other carbon products which are employed in processes like single crystal silicon pulling furnaces, heaters, and metal-organic chemical vapor deposition devices. Its portfolio of carbon products includes bearings for pumps and compressors, sealing materials, pantograph sliders, automobile parts, carbon brushes and motor brushes. Toyo attends to various industries ranging from the living space to advanced aerospace and medical fields such as aerospace and medical care, especially solar cells, nuclear power and other environmental and energy fields.

Toyo Tanso Co (Toyo Tanso Co) Headlines

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Toyo Tanso Co (Toyo Tanso Co) Cash-to-Debt : No Debt (1) (As of Mar. 2024)