Konica Minolta (TSE:4902) Cash-to-Debt : 0.23 (As of Dec. 2023)

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What is Konica Minolta 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. Konica Minolta's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.23.

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, Konica Minolta 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 Konica Minolta's Cash-to-Debt or its related term are showing as below:

TSE:4902' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 0.44 Max: 1.08
Current: 0.23

During the past 13 years, Konica Minolta's highest Cash to Debt Ratio was 1.08. The lowest was 0.21. And the median was 0.44.

TSE:4902's Cash-to-Debt is ranked worse than
82.63% of 3000 companies
in the Industrial Products industry
Industry Median: 1.22 vs TSE:4902: 0.23

Konica Minolta Cash-to-Debt Historical Data

The historical data trend for Konica Minolta'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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Konica Minolta Cash-to-Debt Chart

Konica Minolta Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.47

0.24

0.31

0.26

0.32

Konica Minolta 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															0.23	0.32	0.21	0.23	0.23

Competitive Comparison of Konica Minolta's Cash-to-Debt

For the Business Equipment & Supplies subindustry, Konica Minolta'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.

Konica Minolta's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Konica Minolta 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.

Konica Minolta'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)
	=	183055	/	(302205	+	266085)
	=	0.32

Konica Minolta'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)
	=	113823	/	(228417	+	272082)
	=	0.23

Konica Minolta (TSE:4902) 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.

Konica Minolta Cash-to-Debt Related Terms

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Konica Minolta (TSE:4902) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Konica Minolta Inc (TSE:4902) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KNCAY:USA KNCAF:USA KPI1:Germany

Address

JP Tower, 2-7-2 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-7015

Website

http://www.konicaminolta.com

Konica Minolta is a Japanese equipment and material manufacturer that operates globally, generating most of its revenue in Europe, North America and Japan. The company is divided into the office, professional print, healthcare, and the industrial segments. The office business (which includes office tools such as printers as well as IT solutions) is the biggest contributor to revenue, followed by the professional print business (which includes commercial and industrial print systems). The industrial business focuses on development, manufacture, and sales of performance materials and optical systems for industrial use. The healthcare segment provides X-ray diagnostics systems, ultrasound diagnostics tools, and medical IT services.

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