Echo Trading Co (TSE:7427) Cash-to-Debt : 0.97 (As of Nov. 2023)

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What is Echo Trading 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. Echo Trading Co's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.97.

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, Echo Trading Co couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

The historical rank and industry rank for Echo Trading Co's Cash-to-Debt or its related term are showing as below:

TSE:7427' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.53 Med: 0.78 Max: 1.8
Current: 0.97

During the past 13 years, Echo Trading Co's highest Cash to Debt Ratio was 1.80. The lowest was 0.53. And the median was 0.78.

TSE:7427's Cash-to-Debt is ranked better than
61.58% of 1848 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs TSE:7427: 0.97

Echo Trading Co Cash-to-Debt Historical Data

The historical data trend for Echo Trading 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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Echo Trading Co Cash-to-Debt Chart

Echo Trading Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

Get a 7-Day Free Trial

0.64

1.66

1.78

0.87

1.00

Echo Trading Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															0.80	1.00	0.87	1.24	0.97

Competitive Comparison of Echo Trading Co's Cash-to-Debt

For the Packaged Foods subindustry, Echo Trading 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.

Echo Trading Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Echo Trading Co's Cash-to-Debt distribution charts can be found below:

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

Echo Trading 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.

Echo Trading Co's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	3688.549	/	(3700	+	0)
	=	1.00

Echo Trading Co's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	3989.798	/	(4100	+	0)
	=	0.97

Echo Trading Co (TSE:7427) 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.

Echo Trading Co Cash-to-Debt Related Terms

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Echo Trading Co (TSE:7427) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Echo Trading Co Ltd (TSE:7427) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 No. 23 in Nishinomiya, Hyogo Prefecture Naruohama 2-chome, Nishinomiya, JPN, 663-8142

Website

http://www.echotd.co.jp

Echo Trading Co Ltd is a Japan-based company offering diversified products and services for pets. The company is engaged in specialty store business, wholesale business, product development business, education business, sales promotion business, event business, and internet business. Its specialty store business, wholesale business, and product development business are engaged in the production and distribution of pet food and pet supplies to pet home centers, supermarkets, and drug stores. Its internet business transmits information useful for pet owners and pet lives such as searching for pet-related facilities such as animal hospitals and trimming salons, and travel knowledge on pets.

Echo Trading Co (TSE:7427) Headlines

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