Kuraray Co (TSE:3405) Cash-to-Debt : 0.48 (As of Dec. 2023)

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What is Kuraray 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. Kuraray Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.48.

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

TSE:3405' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.4 Med: 0.54 Max: 1.65
Current: 0.48

During the past 13 years, Kuraray Co's highest Cash to Debt Ratio was 1.65. The lowest was 0.40. And the median was 0.54.

TSE:3405's Cash-to-Debt is ranked worse than
59.12% of 1551 companies
in the Chemicals industry
Industry Median: 0.72 vs TSE:3405: 0.48

Kuraray Co Cash-to-Debt Historical Data

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

Kuraray Co Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.45

0.56

0.51

0.40

0.48

Kuraray 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															0.40	0.37	0.39	0.42	0.48

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

For the Chemicals subindustry, Kuraray 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.

Kuraray Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kuraray Co's Cash-to-Debt distribution charts can be found below:

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

Kuraray 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.

Kuraray 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)
	=	134622	/	(64712	+	217312)
	=	0.48

Kuraray 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)
	=	134622	/	(64712	+	217312)
	=	0.48

Kuraray Co (TSE:3405) 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.

Kuraray Co Cash-to-Debt Related Terms

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Kuraray Co (TSE:3405) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kuraray Co Ltd (TSE:3405) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KURRY:USA KURRF:USA KUY:Germany

Address

Ote Center Building,1-1-3, Otemachi, Chiyoda-ku, Tokyo, JPN, 100-8115

Website

http://www.kuraray.co.jp

Kuraray Co Ltd manufactures and sells specialty chemicals, fiber, and resin. The firm organizes itself into six segments based on product type. The Vinyl Acetate segment, which generates the most revenue of any segment, sells plastic films and resins for use in the food packaging and electronics industries. The Isoprene segment sells isoprene chemicals, thermoplastic elastomers, and liquid rubber. The Functional Materials segment sells dental materials, while the Fibers and Textiles segment sells fibers for cement and concrete, industrial products for automobiles, and hook and loop fasteners for clothing. The other two segments are Trading, and Other. The majority of revenue comes from Asia.

Kuraray Co (TSE:3405) Headlines

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