Yutaka Giken Co (TSE:7229) Cash-to-Debt : 12.91 (As of Dec. 2023)

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What is Yutaka Giken 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. Yutaka Giken Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 12.91.

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, Yutaka Giken Co 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 Yutaka Giken Co's Cash-to-Debt or its related term are showing as below:

TSE:7229' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.83 Med: 2.05 Max: 12.91
Current: 12.91

During the past 13 years, Yutaka Giken Co's highest Cash to Debt Ratio was 12.91. The lowest was 0.83. And the median was 2.05.

TSE:7229's Cash-to-Debt is ranked better than
87.72% of 1295 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs TSE:7229: 12.91

Yutaka Giken Co Cash-to-Debt Historical Data

The historical data trend for Yutaka Giken 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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Yutaka Giken Co Cash-to-Debt Chart

Yutaka Giken Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

2.29

2.66

3.30

4.03

5.12

Yutaka Giken 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															4.06	5.12	5.09	8.29	12.91

Competitive Comparison of Yutaka Giken Co's Cash-to-Debt

For the Auto Parts subindustry, Yutaka Giken 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.

Yutaka Giken Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Yutaka Giken Co's Cash-to-Debt distribution charts can be found below:

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

Yutaka Giken 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.

Yutaka Giken Co'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)
	=	33696	/	(6294	+	290)
	=	5.12

Yutaka Giken 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)
	=	39794	/	(2993	+	89)
	=	12.91

Yutaka Giken Co (TSE:7229) 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.

Yutaka Giken Co Cash-to-Debt Related Terms

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Yutaka Giken Co (TSE:7229) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Yutaka Giken Co Ltd (TSE:7229) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

508-1, Yutaka-cho, Higashi-ku, Shizuoka Prefecture, Hamamatsu, JPN, 431 3194

Website

http://www.yutakagiken.co.jp

Yutaka Giken Co., Ltd. is a Japanese based auto parts manufacturer. The company is engaged in the manufacturing and sale of automobile components. Its product line includes drive system products, exhaust system products, and braking system products including torque converters, catalytic converters, mufflers, exhaust manifolds, silencer, a heat collector, and exhaust manifold.

Yutaka Giken Co (TSE:7229) Headlines

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