Mitsubishi UFJ Financial Group (TSE:8306) Cash-to-Debt

: 2.19 (As of Dec. 2023)

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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. Mitsubishi UFJ Financial Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.19.

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, Mitsubishi UFJ Financial Group 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 Mitsubishi UFJ Financial Group's Cash-to-Debt or its related term are showing as below:

TSE:8306' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.06 Med: 2.18 Max: 5.8
Current: 2.19

During the past 13 years, Mitsubishi UFJ Financial Group's highest Cash to Debt Ratio was 5.80. The lowest was 1.06. And the median was 2.18.

TSE:8306's Cash-to-Debt is ranked better than
64.96% of 1447 companies
in the Banks industry
Industry Median: 1.23 vs TSE:8306: 2.19

Mitsubishi UFJ Financial Group Cash-to-Debt Historical Data

The historical data trend for Mitsubishi UFJ Financial Group'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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Mitsubishi UFJ Financial Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

4.18

3.87

5.69

5.80

5.07

Mitsubishi UFJ Financial Group 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																2.19	5.07	2.23	2.18	2.19

Competitive Comparison

For the Banks - Diversified subindustry, Mitsubishi UFJ Financial Group'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.

Mitsubishi UFJ Financial Group Cash-to-Debt Distribution

For the Banks industry and Financial Services sector, Mitsubishi UFJ Financial Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Mitsubishi UFJ Financial Group's Cash-to-Debt falls into.

Mitsubishi UFJ Financial Group Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Mitsubishi UFJ Financial Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	113630172	/	(5669957	+	16756219)
	=	5.07

Mitsubishi UFJ Financial Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	106403021	/	(6304137	+	42335913)
	=	2.19

Mitsubishi UFJ Financial Group (TSE:8306) 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.

Mitsubishi UFJ Financial Group Cash-to-Debt Related Terms

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Mitsubishi UFJ Financial Group (TSE:8306) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mitsubishi UFJ Financial Group Inc (TSE:8306) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MBFJF:USA MUFG:USA 8306:Japan MFZA:Germany MFZ:Germany MFZ:Germany MFZ:Germany M1UF34:Brazil MTU:Argentina

Address

7-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, JPN, 100-8330

Website

https://www.mufg.jp

Mitsubishi UFJ Financial Group is the largest bank in Japan in terms of market capitalization and assets, with an 8.1% share of all domestic loans as of March 2023. It is the largest non-Chinese bank group globally and has a balance sheet slightly larger than those of JPMorgan Chase and HSBC Holdings. MUFG's operations in Japan account for around half of profit, banking in Thailand and Indonesia for around 15%, and equity-method earnings from Morgan Stanley most of the rest.

Mitsubishi UFJ Financial Group (TSE:8306) Headlines

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