Hagihara Industries (TSE:7856) Cash-to-Debt : 0.81 (As of Jan. 2024)

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What is Hagihara Industries 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. Hagihara Industries's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.81.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Hagihara Industries couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TSE:7856' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.81 Med: 2.45 Max: 7.9
Current: 0.81

During the past 13 years, Hagihara Industries's highest Cash to Debt Ratio was 7.90. The lowest was 0.81. And the median was 2.45.

TSE:7856's Cash-to-Debt is ranked better than
61.47% of 1033 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs TSE:7856: 0.81

Hagihara Industries Cash-to-Debt Historical Data

The historical data trend for Hagihara Industries'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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Hagihara Industries Cash-to-Debt Chart

Hagihara Industries Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

Get a 7-Day Free Trial

2.19

3.57

3.10

1.18

0.92

Hagihara Industries Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															1.50	1.48	0.93	0.92	0.81

Competitive Comparison of Hagihara Industries's Cash-to-Debt

For the Textile Manufacturing subindustry, Hagihara Industries'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.

Hagihara Industries's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hagihara Industries's Cash-to-Debt distribution charts can be found below:

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

Hagihara Industries 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.

Hagihara Industries's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	6138.45	/	(2314.843	+	4374.922)
	=	0.92

Hagihara Industries's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	5228.349	/	(2229.306	+	4198.766)
	=	0.81

Hagihara Industries (TSE:7856) 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.

Hagihara Industries Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Hagihara Industries's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Hagihara Industries (TSE:7856) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hagihara Industries Inc (TSE:7856) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-4 Mizushima Nakadori, Kurashiki-Shi, Okayama, JPN, 712-8502

Website

http://www.hagihara.co.jp

Hagihara Industries Inc is a Japan-based company mainly engaged in the production and sale of industrial machinery. It manufactures machinery and equipment for converting, highly-functional film, synthetic fiber, fiber and yarn, and plastic industries. The company has business operations in Japan and overseas markets.

Hagihara Industries (TSE:7856) Headlines

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