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Exedy Co (FRA:64M) Cash-to-Debt : 2.54 (As of Mar. 2024)


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What is Exedy 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. Exedy Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.54.

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, Exedy Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

FRA:64M' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.88   Med: 1.07   Max: 2.54
Current: 2.54

During the past 13 years, Exedy Co's highest Cash to Debt Ratio was 2.54. The lowest was 0.88. And the median was 1.07.

FRA:64M's Cash-to-Debt is ranked better than
75.12% of 1298 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs FRA:64M: 2.54

Exedy Co Cash-to-Debt Historical Data

The historical data trend for Exedy 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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Exedy Co Cash-to-Debt Chart

Exedy Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.07 1.26 1.51 1.83 2.54

Exedy Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.83 1.89 2.14 2.18 2.54

Competitive Comparison of Exedy Co's Cash-to-Debt

For the Auto Parts subindustry, Exedy 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.


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

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

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



Exedy 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.

Exedy Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Exedy Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

* 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.


Exedy Co  (FRA:64M) 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.


Exedy Co Cash-to-Debt Related Terms

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Exedy Co (FRA:64M) Business Description

Traded in Other Exchanges
Address
1-1-1 Kitamotomiya, Neyagawa, Osaka, JPN, 572-8570
Exedy Co Ltd is a producer of clutches used in automotive vehicles. The list of products includes clutches, clutch covers, clutch discs, torque converters, and flywheels for automatic transmission vehicles and manual transmission vehicles as well as motorcycle clutches and construction, industrial, and agriculture products. Automatic automotive drivetrain operations generate most sales for the company. The largest end markets for Exedy are Japan and Asia-Oceania.

Exedy Co (FRA:64M) Headlines

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