Toshiba Tec (TSE:6588) Cash-to-Debt

: 2.70 (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. Toshiba Tec's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.70.

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

TSE:6588' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.77 Med: 18.99 Max: 197.34
Current: 2.7

During the past 13 years, Toshiba Tec's highest Cash to Debt Ratio was 197.34. The lowest was 0.77. And the median was 18.99.

TSE:6588's Cash-to-Debt is ranked better than
62.85% of 2471 companies
in the Hardware industry
Industry Median: 1.38 vs TSE:6588: 2.70

Toshiba Tec Cash-to-Debt Historical Data

The historical data trend for Toshiba Tec'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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Toshiba Tec Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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4.95

1.67

1.55

1.52

1.59

Toshiba Tec 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															16.37	1.59	6.68	3.12	2.70

Competitive Comparison

For the Computer Hardware subindustry, Toshiba Tec'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.

Toshiba Tec Cash-to-Debt Distribution

For the Hardware industry and Technology sector, Toshiba Tec's Cash-to-Debt distribution charts can be found below:

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

Toshiba Tec 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.

Toshiba Tec'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)
	=	42687	/	(8431	+	18385)
	=	1.59

Toshiba Tec'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)
	=	39927	/	(5133	+	9645)
	=	2.70

Toshiba Tec (TSE:6588) 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.

Toshiba Tec Cash-to-Debt Related Terms

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Toshiba Tec (TSE:6588) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Toshiba Tec Corp (TSE:6588) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TSHTY:USA TECA:Germany

Address

1-11-1, Osaki, Shinagawa-ku, Gate City Ohsaki West Tower, Tokyo, JPN, 141-8562

Website

http://www.toshibatec.co.jp

Toshiba Tec Corp is a Japan-based company that designs, manufactures, and distributes office equipment and machinery. Its product lineup is organized in four segments--retail solutions, which includes point-of-sale systems, self-checkout machines, kiosks and displays; printing solutions, which includes desktop, mobile, barcode, and multifunction printers; inkjet solutions, which includes high resolution inkjet printers; and original design manufacturer solutions, which include print heads, power supplies, barcodes, knives, cutters, display units, and other modules. The firm has operations in the Americas, Europe, Middle East and Africa, and Asia-Pacific regions.

Toshiba Tec (TSE:6588) Headlines

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