Sumitomo Forestry Co (TSE:1911) Cash-to-Debt : 0.37 (As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

What is Sumitomo Forestry 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. Sumitomo Forestry Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.37.

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, Sumitomo Forestry Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSE:1911' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.35 Med: 0.51 Max: 1.28
Current: 0.37

During the past 13 years, Sumitomo Forestry Co's highest Cash to Debt Ratio was 1.28. The lowest was 0.35. And the median was 0.51.

TSE:1911's Cash-to-Debt is ranked worse than
56.31% of 103 companies
in the Homebuilding & Construction industry
Industry Median: 0.51 vs TSE:1911: 0.37

Sumitomo Forestry Co Cash-to-Debt Historical Data

The historical data trend for Sumitomo Forestry 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.

* Premium members only.

Sumitomo Forestry Co Cash-to-Debt Chart

Sumitomo Forestry Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.35

0.36

0.47

0.38

0.37

Sumitomo Forestry 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															0.31	0.45	0.32	0.37	N/A

Competitive Comparison of Sumitomo Forestry Co's Cash-to-Debt

For the Residential Construction subindustry, Sumitomo Forestry 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.

Sumitomo Forestry Co's Cash-to-Debt Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Sumitomo Forestry Co's Cash-to-Debt distribution charts can be found below:

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

Sumitomo Forestry 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.

Sumitomo Forestry 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)
	=	157234	/	(95382	+	328489)
	=	0.37

Sumitomo Forestry 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)
	=	157234	/	(95382	+	328489)
	=	0.37

Sumitomo Forestry Co (TSE:1911) 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.

Sumitomo Forestry Co Cash-to-Debt Related Terms

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

Sumitomo Forestry Co (TSE:1911) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Sumitomo Forestry Co Ltd (TSE:1911) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

5F6:Germany

Address

Keidanren Kaikan, 3-2, Otemachi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8270

Website

http://sfc.jp

Sumitomo Forestry Co Ltd is a diversified Japanese company that focuses on timber and building materials as well as residential construction. The company's timber business is one of Japan's leading suppliers of timber and also provides building and structural materials such as flooring and doors. It constructs custom-built single-family housing projects around Japan that use the company's timber materials and design. These two business units provide the majority of the company's revenue. Sumitomo Forestry operates timber and exporting businesses in Southeast Asia, Australia, and North America. It is also involved in forestry management, as it owns forests around Japan and Southeast Asia.

Sumitomo Forestry Co (TSE:1911) Headlines

No Headlines