Nittoc Construction Co (TSE:1929) Cash-to-Debt : 91.21 (As of Dec. 2023)

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What is Nittoc Construction 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. Nittoc Construction Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 91.21.

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, Nittoc Construction Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

TSE:1929' s Cash-to-Debt Range Over the Past 10 Years
Min: 7.43 Med: 76.59 Max: No Debt
Current: 91.21

During the past 13 years, Nittoc Construction Co's highest Cash to Debt Ratio was No Debt. The lowest was 7.43. And the median was 76.59.

TSE:1929's Cash-to-Debt is ranked better than
93.62% of 1678 companies
in the Construction industry
Industry Median: 0.63 vs TSE:1929: 91.21

Nittoc Construction Co Cash-to-Debt Historical Data

The historical data trend for Nittoc Construction 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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Nittoc Construction Co Cash-to-Debt Chart

Nittoc Construction Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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15.48

32.66

61.97

5,180.75

No Debt

Nittoc Construction 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															No Debt	No Debt	No Debt	No Debt	91.21

Competitive Comparison of Nittoc Construction Co's Cash-to-Debt

For the Engineering & Construction subindustry, Nittoc Construction 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.

Nittoc Construction Co's Cash-to-Debt Distribution in the Construction Industry

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

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

Nittoc Construction 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.

Nittoc Construction Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Nittoc Construction Co had no debt ⁽¹⁾.

Nittoc Construction 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)
	=	16783	/	(184	+	0)
	=	91.21

Nittoc Construction Co (TSE:1929) 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.

Nittoc Construction Co Cash-to-Debt Related Terms

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Nittoc Construction Co (TSE:1929) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nittoc Construction Co Ltd (TSE:1929) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-6, 3-Chome, Higashi-nihonbashi, 4th, 5th, and 6th Floors, Heiwa Higashi-Nihonbashi Building, Chuo-ku, Tokyo, JPN, 103-0004

Website

http://www.nittoc.co.jp

Nittoc Construction Co Ltd engages in construction and civil engineering business. It offers services in disaster prevention and environmental conservation such as vegetation and re-vegetation, river and shore embankment protection, rock slope failure prevention, temporary anchor works, and structure diagnosis; urban regeneration such as ground improvement, reinforcement works and foundation method, liquification prevention measures, piling, and anchoring; maintenance and renovation such as slope reinforcement, concrete structure upgrade, rock slope diagnosis, diagnosis and investigation and reinforcement of existing structure. In addition, the company offers construction consultancy, grouting, applied engineering, and shield, as well as survey, geological survey, and design services.

Nittoc Construction Co (TSE:1929) Headlines

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