Nissin Shoji Co (TSE:7490) Cash-to-Debt : 0.44 (As of Dec. 2023)

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What is Nissin Shoji 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. Nissin Shoji Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.44.

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

TSE:7490' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 0.49 Max: 0.84
Current: 0.44

During the past 13 years, Nissin Shoji Co's highest Cash to Debt Ratio was 0.84. The lowest was 0.30. And the median was 0.49.

TSE:7490's Cash-to-Debt is ranked worse than
53.26% of 522 companies
in the Conglomerates industry
Industry Median: 0.48 vs TSE:7490: 0.44

Nissin Shoji Co Cash-to-Debt Historical Data

The historical data trend for Nissin Shoji 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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Nissin Shoji Co Cash-to-Debt Chart

Nissin Shoji Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.37

0.43

0.62

0.37

0.41

Nissin Shoji 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															0.44	0.41	0.36	0.38	0.44

Competitive Comparison of Nissin Shoji Co's Cash-to-Debt

For the Conglomerates subindustry, Nissin Shoji 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.

Nissin Shoji Co's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nissin Shoji Co's Cash-to-Debt distribution charts can be found below:

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

Nissin Shoji 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.

Nissin Shoji 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)
	=	3841.098	/	(4052.112	+	5288.522)
	=	0.41

Nissin Shoji 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)
	=	4561.616	/	(3448.112	+	6956.188)
	=	0.44

Nissin Shoji Co (TSE:7490) 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.

Nissin Shoji Co Cash-to-Debt Related Terms

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Nissin Shoji Co (TSE:7490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nissin Shoji Co Ltd (TSE:7490) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-12-3 Shibaura, Minato-ku, 4th Foor, Daiwa Shibaura Building, Tokyo, JPN, 105-0023

Website

https://www.nissin-shoji.co.jp

Nissin Shoji Co Ltd is engaged in the sale of general petroleum products, petrochemical products, synthetic resin products, liquefied petroleum gas, and by-products. The company is also involved in real estate rental business, eating and drinking business, leasing of automobiles and automobile supplies, manufacture and sale of beverages, manufacture, and sale of agricultural materials, agency business related to telecommunications equipment sales and telecommunications service, and other business-related to power generation and power distribution.

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