Techno Horizon Co (TSE:6629) Cash-to-Debt : 0.22 (As of Dec. 2023)

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What is Techno Horizon 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. Techno Horizon Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.22.

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, Techno Horizon Co 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 Techno Horizon Co's Cash-to-Debt or its related term are showing as below:

TSE:6629' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.28 Max: 0.61
Current: 0.22

During the past 13 years, Techno Horizon Co's highest Cash to Debt Ratio was 0.61. The lowest was 0.14. And the median was 0.28.

TSE:6629's Cash-to-Debt is ranked worse than
87.69% of 2470 companies
in the Hardware industry
Industry Median: 1.38 vs TSE:6629: 0.22

Techno Horizon Co Cash-to-Debt Historical Data

The historical data trend for Techno Horizon 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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Techno Horizon Co Cash-to-Debt Chart

Techno Horizon Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.27

0.55

0.61

0.29

0.23

Techno Horizon 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															0.20	0.23	0.24	0.20	0.22

Competitive Comparison of Techno Horizon Co's Cash-to-Debt

For the Electronic Components subindustry, Techno Horizon 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.

Techno Horizon Co's Cash-to-Debt Distribution in the Hardware Industry

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

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

Techno Horizon 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.

Techno Horizon Co'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)
	=	3683.306	/	(11362.669	+	4935.203)
	=	0.23

Techno Horizon Co'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)
	=	3437.242	/	(11048.623	+	4570.8)
	=	0.22

Techno Horizon Co (TSE:6629) 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.

Techno Horizon Co Cash-to-Debt Related Terms

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Techno Horizon Co (TSE:6629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Techno Horizon Co Ltd (TSE:6629) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-13-1 Chikama-tori, Minami-ku, Nagoya, Aichi, JPN, 457-0071

Website

https://www.technohorizon.co.jp

Techno Horizon Co Ltd is a Japan-based company engaged in optical business and electronic business. The company manufactures and sells optical, electrical, medical, and precision equipment; develops, manufactures, and sells information and communication equipment, FA related equipment, and other electronic devices; and produces and sells various optical lenses and plastic moulded products, as well as provides system integration services.

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