Artience Co (FRA:TO5) Cash-to-Debt : 0.67 (As of Dec. 2023)

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What is Artience 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. Artience Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.67.

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, Artience Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

FRA:TO5' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.44 Med: 0.7 Max: 0.98
Current: 0.67

During the past 13 years, Artience Co's highest Cash to Debt Ratio was 0.98. The lowest was 0.44. And the median was 0.70.

FRA:TO5's Cash-to-Debt is ranked worse than
51.42% of 1552 companies
in the Chemicals industry
Industry Median: 0.735 vs FRA:TO5: 0.67

Artience Co Cash-to-Debt Historical Data

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

Artience Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.98

0.96

0.82

0.66

0.67

Artience Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.66	0.56	0.58	0.64	0.67

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

For the Specialty Chemicals subindustry, Artience 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.

Artience Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Artience Co's Cash-to-Debt distribution charts can be found below:

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

Artience 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.

Artience Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	369.28	/	(232.731	+	319.469)
	=	0.67

Artience Co's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	369.28	/	(232.731	+	319.469)
	=	0.67

Artience Co (FRA:TO5) 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.

Artience Co Cash-to-Debt Related Terms

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Artience Co (FRA:TO5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Artience Co Ltd (FRA:TO5) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

4634:Japan

Address

3-13 Kyobashi 2-chome, Chuo-ku, Tokyo, JPN, 104-8377

Website

https://schd.toyoinkgroup.com

Artience Co Ltd is a holding company whose subsidiaries manufacture and sell a variety of chemicals and inks. The firm organizes itself into various segments based on product type. The printing and information segment, which generates the Most revenue, sells printing inks used for ink-jet printers, newspapers, magazines, and other printed materials. The colorants and functional materials segment sells pigments, plastic colorants, and liquid crystal display color filter materials. The polymers and coatings segments sells coatings, adhesives, plastic resins, and can coatings. The packaging materials segment sells packaging inks used for food and consumer goods packaging. Most of Toyo Ink's revenue comes from Japan.

Artience Co (FRA:TO5) Headlines

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