IJTT Co (TSE:7315) Cash-to-Debt : 1.82 (As of Dec. 2023)

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What is IJTT 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. IJTT Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.82.

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

TSE:7315' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.53 Med: 1.8 Max: 10.72
Current: 1.82

During the past 13 years, IJTT Co's highest Cash to Debt Ratio was 10.72. The lowest was 0.53. And the median was 1.80.

TSE:7315's Cash-to-Debt is ranked better than
71.31% of 1293 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs TSE:7315: 1.82

IJTT Co Cash-to-Debt Historical Data

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

IJTT Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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3.89

7.37

2.71

2.33

1.42

IJTT 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															3.67	1.42	1.38	1.68	1.82

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

For the Auto Parts subindustry, IJTT 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.

IJTT Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, IJTT Co's Cash-to-Debt distribution charts can be found below:

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

IJTT 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.

IJTT 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)
	=	12878	/	(7408	+	1648)
	=	1.42

IJTT 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)
	=	19824	/	(10360	+	530)
	=	1.82

IJTT Co (TSE:7315) 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.

IJTT Co Cash-to-Debt Related Terms

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IJTT Co (TSE:7315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » IJTT Co Ltd (TSE:7315) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kanagawa-ku Kinkocho 1: 7, Kanagawa Prefecture, Yokohama Diamond Building, 18th Floor, Yokohama-shi, JPN

Website

https://www.ijtt.co.jp

IJTT Co Ltd engages in the management of its subsidiaries which manufacture and sell truck, industrial vehicles, and construction machinery parts. Its products include automobile-related products, including cylinder blocks and heads, exhaust manifolds, and hub and drum assemblies; construction equipment vehicles and industrial vehicles related products, such as differential carrier assemblies, control valve bodies, and rear covers; propeller shafts; power take off components; engine parts comprising flywheels, drive plates, and ring gears; and crankshafts, I-beams, and axle shafts.

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