Daiwa Securities Group (Daiwa Securities Group) Cash-to-Debt : 0.29 (As of Dec. 2023)

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What is Daiwa Securities Group 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. Daiwa Securities Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.29.

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, Daiwa Securities Group 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 Daiwa Securities Group's Cash-to-Debt or its related term are showing as below:

DSEEY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 0.39 Max: 0.44
Current: 0.29

During the past 13 years, Daiwa Securities Group's highest Cash to Debt Ratio was 0.44. The lowest was 0.29. And the median was 0.39.

DSEEY's Cash-to-Debt is ranked worse than
80.35% of 789 companies
in the Capital Markets industry
Industry Median: 1.76 vs DSEEY: 0.29

Daiwa Securities Group Cash-to-Debt Historical Data

The historical data trend for Daiwa Securities Group'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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Daiwa Securities Group Cash-to-Debt Chart

Daiwa Securities Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.38

0.40

0.34

0.29

Daiwa Securities Group 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															0.34	0.30	0.29	0.29	0.29

Competitive Comparison of Daiwa Securities Group's Cash-to-Debt

For the Capital Markets subindustry, Daiwa Securities Group'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.

Daiwa Securities Group's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Daiwa Securities Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Daiwa Securities Group's Cash-to-Debt falls into.

Daiwa Securities Group Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Daiwa Securities Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	32996.11	/	(0	+	112594.291)
	=	0.29

Daiwa Securities Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	35338.616	/	(0	+	121687.085)
	=	0.29

Daiwa Securities Group (OTCPK:DSEEY) 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.

Daiwa Securities Group Cash-to-Debt Related Terms

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

Daiwa Securities Group (Daiwa Securities Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Daiwa Securities Group Inc (OTCPK:DSEEY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DSECF:USA 8601:Japan DSE:Germany

Address

GranTokyo North Tower, 9-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-6751

Website

http://www.daiwa-grp.jp

Together with industry leader Nomura, Daiwa Securities is one of two large independent securities firms in Japan. Like Nomura, it competes with brokerage units of the megabanks and smaller independent firms in Japan, but unlike Nomura it does not have aspiration to compete globally with the major U.S. and European investment banks and focuses on Japan-related business only. Daiwa moved its global wholesale business to a joint venture with Sumitomo Bank in 1999, but the venture met only mixed success and Daiwa ultimately bought out Sumitomo Mitsui Financial Group's 40% interest in the venture in 2009 after SMFG opportunistically purchased Nikko Securities (now SMBC Nikko, a rival of Daiwa) from Citigroup.

Daiwa Securities Group (Daiwa Securities Group) Headlines

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