Yokogawa Electric (TSE:6841) Cash-to-Debt : 3.28 (As of Dec. 2023)

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What is Yokogawa Electric 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. Yokogawa Electric's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.28.

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

TSE:6841' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.17 Med: 2.13 Max: 4.25
Current: 4.25

During the past 13 years, Yokogawa Electric's highest Cash to Debt Ratio was 4.25. The lowest was 1.17. And the median was 2.13.

TSE:6841's Cash-to-Debt is ranked better than
70.11% of 2994 companies
in the Industrial Products industry
Industry Median: 1.23 vs TSE:6841: 4.25

Yokogawa Electric Cash-to-Debt Historical Data

The historical data trend for Yokogawa Electric'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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Yokogawa Electric Cash-to-Debt Chart

Yokogawa Electric Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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1.71

1.88

2.18

2.13

4.25

Yokogawa Electric 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															2.13	5.09	4.64	3.28	4.25

Competitive Comparison of Yokogawa Electric's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Yokogawa Electric'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.

Yokogawa Electric's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Yokogawa Electric's Cash-to-Debt distribution charts can be found below:

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

Yokogawa Electric 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.

Yokogawa Electric'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)
	=	139884	/	(3075	+	29808)
	=	4.25

Yokogawa Electric'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)
	=	128061	/	(15021	+	24000)
	=	3.28

Yokogawa Electric (TSE:6841) 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.

Yokogawa Electric Cash-to-Debt Related Terms

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Yokogawa Electric (TSE:6841) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Yokogawa Electric Corp (TSE:6841) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

YOKEY:USA YKE:Germany

Address

2-9-32 Nakacho, Musashino-shi, Tokyo, JPN, 180-8750

Website

http://www.yokogawa.com

Yokogawa Electric Corporation offers systems and solutions for measurement, control, and information technologies. Software, data acquisition instruments, field instruments, and other components compose a diverse product portfolio and allow the company to reach various customers involved in different end-markets. Essentially, the company helps link plant operations and corporate management. It has three business segments: industrial automation (majority of total revenue), control, test and measurement, and aviation and other businesses. In addition to its product offerings, Yokogawa offers consulting and execution services to supply customers with resources to make timely operating decisions. The majority of sales derive from Asia, with Japan being a key region for the company.

Yokogawa Electric (TSE:6841) Headlines

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