SMC (SMECF) Cash-to-Debt

: 39.46 (As of Dec. 2023)

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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. SMC's cash to debt ratio for the quarter that ended in Dec. 2023 was 39.46.

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, SMC could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

SMECF' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.7 Med: 36.21 Max: 84.42
Current: 39.46

During the past 13 years, SMC's highest Cash to Debt Ratio was 84.42. The lowest was 5.70. And the median was 36.21.

SMECF's Cash-to-Debt is ranked better than
85.9% of 2999 companies
in the Industrial Products industry
Industry Median: 1.22 vs SMECF: 39.46

SMC Cash-to-Debt Historical Data

The historical data trend for SMC'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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SMC Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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76.21

48.69

59.38

60.39

51.17

SMC 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															48.76	51.17	49.58	48.20	39.46

Competitive Comparison

For the Specialty Industrial Machinery subindustry, SMC'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.

SMC Cash-to-Debt Distribution

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

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

SMC 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.

SMC's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	4664.641	/	(53.395	+	37.774)
	=	51.16

SMC'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)
	=	3799.405	/	(53.035	+	43.263)
	=	39.45

SMC (OTCPK:SMECF) 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.

SMC Cash-to-Debt Related Terms

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SMC (SMECF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SMC Corp (OTCPK:SMECF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SMCAY:USA 6273:Japan QMC:Germany

Address

4-14-1, Soto-Kanda, Chiyoda-ku, Tokyo, JPN, 101-0021

Website

http://www.smcworld.com

SMC Corp (domiciled in Japan) manufactures automatic control and filtration equipment. Its filters, valves, cylinders, and actuators are sold to customers in various industrial markets, and contribute to automated operations. The company has two reportable business segments: automatic control equipment (majority of total revenues), and others. SMC operates several production facilities, sales offices, and technical development centers to construct various components and streamline the process. Asia accounts for majority of total sales, but the company does utilize offices in the United States, Europe, and other regions of the world. It works to meet the rules and needs of foreign countries to ensure its products can be accepted in differentiated markets.

SMC (SMECF) Headlines

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