Toyo Engineering (TSE:6330) Cash-to-Debt : 3.63 (As of Dec. 2023)

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What is Toyo Engineering 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. Toyo Engineering's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.63.

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, Toyo Engineering 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 Toyo Engineering's Cash-to-Debt or its related term are showing as below:

TSE:6330' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.55 Med: 3.23 Max: 4
Current: 3.35

During the past 13 years, Toyo Engineering's highest Cash to Debt Ratio was 4.00. The lowest was 2.55. And the median was 3.23.

TSE:6330's Cash-to-Debt is ranked better than
76.7% of 1674 companies
in the Construction industry
Industry Median: 0.63 vs TSE:6330: 3.35

Toyo Engineering Cash-to-Debt Historical Data

The historical data trend for Toyo Engineering'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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Toyo Engineering Cash-to-Debt Chart

Toyo Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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3.00

3.52

2.55

3.01

3.35

Toyo Engineering Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															3.01	3.02	3.60	3.63	3.35

Competitive Comparison of Toyo Engineering's Cash-to-Debt

For the Engineering & Construction subindustry, Toyo Engineering'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.

Toyo Engineering's Cash-to-Debt Distribution in the Construction Industry

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

* The bar in red indicates where Toyo Engineering's Cash-to-Debt falls into.

Toyo Engineering 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.

Toyo Engineering's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 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)
	=	119856	/	(17106	+	18651)
	=	3.35

Toyo Engineering'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)
	=	128274	/	(14002	+	21298)
	=	3.63

Toyo Engineering (TSE:6330) 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.

Toyo Engineering Cash-to-Debt Related Terms

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Toyo Engineering (TSE:6330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Toyo Engineering Corp (TSE:6330) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

6AE:Germany

Address

2-8-1 Akanehama Narashino-shi, Chiba, JPN

Website

http://www.toyo-eng.co.jp

Toyo Engineering provides engineering and construction services for industrial facilities. It designs, procures materials, builds, and offers technical assistance for oil and gas, petrochemicals, water treatment, transportation, power generation, and other industrial markets. Project management skills partnered with technological solutions allow the company to offer customized solutions and manufacture various power plants and infrastructure projects. Toyo operates three business groups: engineering, procurement, and construction (the majority of total revenue); IT; and real estate. A global network of employees gathers data from customers, and company locations are spread across Asia, North America, and South America to collect regional information.

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