Nihon Kohden (TSE:6849) Cash-to-Debt : 100.09 (As of Dec. 2023)

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What is Nihon Kohden 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. Nihon Kohden's cash to debt ratio for the quarter that ended in Dec. 2023 was 100.09.

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

TSE:6849' s Cash-to-Debt Range Over the Past 10 Years
Min: 20.67 Med: 82.21 Max: 169.71
Current: 100.09

During the past 13 years, Nihon Kohden's highest Cash to Debt Ratio was 169.71. The lowest was 20.67. And the median was 82.21.

TSE:6849's Cash-to-Debt is ranked better than
88.39% of 861 companies
in the Medical Devices & Instruments industry
Industry Median: 1.91 vs TSE:6849: 100.09

Nihon Kohden Cash-to-Debt Historical Data

The historical data trend for Nihon Kohden'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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Nihon Kohden Cash-to-Debt Chart

Nihon Kohden Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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80.03

89.69

110.42

169.71

100.81

Nihon Kohden 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															100.98	100.81	138.32	158.15	100.09

Competitive Comparison of Nihon Kohden's Cash-to-Debt

For the Medical Devices subindustry, Nihon Kohden'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.

Nihon Kohden's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

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

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

Nihon Kohden 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.

Nihon Kohden's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	44459	/	(424	+	17)
	=	100.81

Nihon Kohden'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)
	=	44240	/	(442	+	0)
	=	100.09

Nihon Kohden (TSE:6849) 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.

Nihon Kohden Cash-to-Debt Related Terms

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Nihon Kohden (TSE:6849) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Nihon Kohden Corp (TSE:6849) » Definitions » Cash-to-Debt

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NHNKY:USA

Address

31-4 Nishiochiai 1-chome, Shinjuku-ku, Tokyo, JPN, 1618560

Website

http://www.nihonkohden.co.jp

Nihon Kohden Corp manufactures electronic medical equipment. The firm operates in four categories: physiological measuring equipment, treatment equipment, patient monitors, and other medical equipment. The patient monitors segment contributes the largest proportion of revenue and includes continuous monitoring instruments and clinical information systems. The physiological measuring equipment segment sells electroencephalographs, electrocardiographs, and diagnostic information systems. The treatment equipment segment sells defibrillators, pacemakers, ventilators, and related consumables. The other medical equipment segment sells automated hematology analyzers, ultrasound diagnostic equipment, and other laboratory equipment. Nihon Kohden generates the majority of its revenue in Japan.

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