Asahi Intecc Co (TSE:7747) Cash-to-Debt : 4.23 (As of Dec. 2023)

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What is Asahi Intecc 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. Asahi Intecc Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 4.23.

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

TSE:7747' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.99 Med: 2.42 Max: 4.23
Current: 4.23

During the past 13 years, Asahi Intecc Co's highest Cash to Debt Ratio was 4.23. The lowest was 0.99. And the median was 2.42.

TSE:7747's Cash-to-Debt is ranked better than
62.6% of 861 companies
in the Medical Devices & Instruments industry
Industry Median: 1.91 vs TSE:7747: 4.23

Asahi Intecc Co Cash-to-Debt Historical Data

The historical data trend for Asahi Intecc 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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Asahi Intecc Co Cash-to-Debt Chart

Asahi Intecc Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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3.12

2.35

2.66

2.65

2.59

Asahi Intecc 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															2.68	2.72	2.59	3.07	4.23

Competitive Comparison of Asahi Intecc Co's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, Asahi Intecc 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.

Asahi Intecc Co's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Asahi Intecc Co's Cash-to-Debt distribution charts can be found below:

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

Asahi Intecc 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.

Asahi Intecc Co's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	36884	/	(10361	+	3892)
	=	2.59

Asahi Intecc 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)
	=	32508	/	(7600	+	88)
	=	4.23

Asahi Intecc Co (TSE:7747) 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.

Asahi Intecc Co Cash-to-Debt Related Terms

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Asahi Intecc Co (TSE:7747) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Asahi Intecc Co Ltd (TSE:7747) » Definitions » Cash-to-Debt

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AHICF:USA

Address

1703 Wakita-cho, Nagoya, JPN

Website

http://www.asahi-intecc.co.jp

Asahi Intecc Co Ltd develops, manufactures, and sells medical devices. The firm operates in two segments: medical and device. The medical segment generates the vast majority of revenue and sells a range of guide wires and catheters for treatment and examination. The device segment sells components to medical and industrial companies, such as hollow cable tubes, catheter delivery systems, and stainless steel rope. Asahi's products are used in a variety of industries, including the medical, construction, automobile, office automation equipment, and electric appliance industries. Asahi generates the largest proportion of its revenue in Japan.

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