Nippon Techno Lab (SSE:3849) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Nippon Techno Lab 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. Nippon Techno Lab's cash to debt ratio for the quarter that ended in Dec. 2023 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, Nippon Techno Lab could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 Nippon Techno Lab's Cash-to-Debt or its related term are showing as below:

SSE:3849' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.24 Med: No Debt Max: No Debt
Current: No Debt

During the past 11 years, Nippon Techno Lab's highest Cash to Debt Ratio was No Debt. The lowest was 5.24. And the median was No Debt.

SSE:3849's Cash-to-Debt is ranked better than
99.79% of 2793 companies
in the Software industry
Industry Median: 2.41 vs SSE:3849: No Debt

Nippon Techno Lab Cash-to-Debt Historical Data

The historical data trend for Nippon Techno Lab'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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Nippon Techno Lab Cash-to-Debt Chart

Nippon Techno Lab Annual Data

Trend

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Cash-to-Debt

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No Debt

Nippon Techno Lab 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Nippon Techno Lab's Cash-to-Debt

For the Software - Application subindustry, Nippon Techno Lab'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.

Nippon Techno Lab's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Nippon Techno Lab's Cash-to-Debt distribution charts can be found below:

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

Nippon Techno Lab 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.

Nippon Techno Lab's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Nippon Techno Lab had no debt ⁽¹⁾.

Nippon Techno Lab's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Nippon Techno Lab had no debt ⁽¹⁾.

Nippon Techno Lab (SSE:3849) 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.

Nippon Techno Lab Cash-to-Debt Related Terms

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Nippon Techno Lab (SSE:3849) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nippon Techno Lab Inc (SSE:3849) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hirakawa-cho, Dai-ichi Seimei Building, 5th floor, 1-2-10 Hirakawa-cho, Chiyoda-ku, Tokyo, JPN, 102-0093

Website

http://www.ntl.co.jp

Nippon Techno Lab Inc develops software products for print servers, storage products, information and video security products, optical communication products, and broadcast video equipment. The company develops and supplies control system software, including computer connection control device, image expansion, network connection, image processing, color synthesis, scanner input device control, color adjustment, data format automatic recognition/conversion, and inkjet control software to printer manufacturers.

Nippon Techno Lab (SSE:3849) Headlines

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Nippon Techno Lab (SSE:3849) Cash-to-Debt : No Debt (1) (As of Dec. 2023)