Sankyo Co (TSE:6417) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Sankyo 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. Sankyo Co'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, Sankyo Co 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 Sankyo Co's Cash-to-Debt or its related term are showing as below:

TSE:6417' s Cash-to-Debt Range Over the Past 10 Years
Min: 10.78 Med: 4890.09 Max: 14660.05
Current: No Debt

During the past 13 years, Sankyo Co's highest Cash to Debt Ratio was 14660.05. The lowest was 10.78. And the median was 4890.09.

TSE:6417's Cash-to-Debt is ranked better than
99.88% of 819 companies
in the Travel & Leisure industry
Industry Median: 0.58 vs TSE:6417: No Debt

Sankyo Co Cash-to-Debt Historical Data

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

Sankyo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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14.47

12.14

No Debt

Sankyo 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															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Gambling subindustry, Sankyo 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.

Sankyo Co's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Sankyo Co's Cash-to-Debt distribution charts can be found below:

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

Sankyo 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.

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

Sankyo Co had no debt ⁽¹⁾.

Sankyo Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Sankyo Co had no debt ⁽¹⁾.

Sankyo Co (TSE:6417) 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.

Sankyo Co Cash-to-Debt Related Terms

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Sankyo Co (TSE:6417) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sankyo Co Ltd (TSE:6417) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SKXJF:USA SOK:Germany

Address

3-29-14 Shibuya, Shibuya-ku, Tokyo, JPN, 150-8327

Website

http://www.sankyo-fever.co.jp

Sankyo Co Ltd manufactures and sells pachinko and pachislot machines to the gambling industry. Pachinko machines, a gambling device with pinball-like characteristics, are sold to pachinko parlors throughout Japan. Pachinko parlors allow users to purchase small steel balls, which are utilized in pachinko machines under the objective of winning more balls that can then be exchanged for prizes. Pachislot machines, which are a similar gambling device as pachinko and slot machines, are also sold to gambling parlors throughout Japan. The company generates the vast majority of its revenue in Japan.

Sankyo Co (TSE:6417) Headlines

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Sankyo Co (TSE:6417) Cash-to-Debt : No Debt (1) (As of Dec. 2023)