Nissin Foods Co (HKSE:01475) Cash-to-Debt : 163.49 (As of Dec. 2023)

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What is Nissin Foods 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. Nissin Foods Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 163.49.

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

HKSE:01475' s Cash-to-Debt Range Over the Past 10 Years
Min: 138.66 Med: 5604.33 Max: No Debt
Current: 163.49

During the past 10 years, Nissin Foods Co's highest Cash to Debt Ratio was No Debt. The lowest was 138.66. And the median was 5604.33.

HKSE:01475's Cash-to-Debt is ranked better than
92.14% of 1844 companies
in the Consumer Packaged Goods industry
Industry Median: 0.515 vs HKSE:01475: 163.49

Nissin Foods Co Cash-to-Debt Historical Data

The historical data trend for Nissin Foods 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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Nissin Foods Co Cash-to-Debt Chart

Nissin Foods Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1,208.66

138.66

179.06

176.94

163.49

Nissin Foods Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															176.94	231.14	308.45	163.49	N/A

Competitive Comparison of Nissin Foods Co's Cash-to-Debt

For the Packaged Foods subindustry, Nissin Foods 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.

Nissin Foods Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nissin Foods Co's Cash-to-Debt distribution charts can be found below:

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

Nissin Foods 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.

Nissin Foods Co's Cash to Debt Ratio for the fiscal year 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)
	=	1581.249	/	(8.559	+	1.113)
	=	163.49

Nissin Foods 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)
	=	1581.249	/	(8.559	+	1.113)
	=	163.49

Nissin Foods Co (HKSE:01475) 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.

Nissin Foods Co Cash-to-Debt Related Terms

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Nissin Foods Co (HKSE:01475) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nissin Foods Co Ltd (HKSE:01475) » Definitions » Cash-to-Debt

Traded in Other Exchanges

4NS:Germany

Address

11-13 Dai Shun Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG

Website

https://www.nissingroup.com.hk

Nissin Foods Co Ltd is a Hong Kong-based company. The company produces and sell instant noodle, frozen food, retort foods, beverage products and snacks in Hong Kong and China. It sells its products under the brand name NISSIN, DOLL, Cup Noodles, Doll Instant Noodle, and Fuku. The company's operating segments include HK Operations and PRC Operations. It derives a majority of revenue from the PRC Operations segment.

Executives

China Orient Asset Management (international) Holding Limited	2201 Interest of corporation controlled by you
Nissin Foods Holdings Co., Ltd.	2101 Beneficial owner

Nissin Foods Co (HKSE:01475) Headlines

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