Tokyo Ohka Kogyo Co (TSE:4186) Cash-to-Debt : 5.80 (As of Dec. 2023)

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What is Tokyo Ohka Kogyo 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. Tokyo Ohka Kogyo Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 5.80.

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

TSE:4186' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.38 Med: 5.81 Max: 382.69
Current: 5.8

During the past 13 years, Tokyo Ohka Kogyo Co's highest Cash to Debt Ratio was 382.69. The lowest was 4.38. And the median was 5.81.

TSE:4186's Cash-to-Debt is ranked better than
72.7% of 2469 companies
in the Hardware industry
Industry Median: 1.35 vs TSE:4186: 5.80

Tokyo Ohka Kogyo Co Cash-to-Debt Historical Data

The historical data trend for Tokyo Ohka Kogyo 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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Tokyo Ohka Kogyo Co Cash-to-Debt Chart

Tokyo Ohka Kogyo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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4.38

4.64

5.73

5.81

5.80

Tokyo Ohka Kogyo 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															5.81	6.00	5.71	5.73	5.80

Competitive Comparison of Tokyo Ohka Kogyo Co's Cash-to-Debt

For the Electronic Components subindustry, Tokyo Ohka Kogyo 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.

Tokyo Ohka Kogyo Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tokyo Ohka Kogyo Co's Cash-to-Debt distribution charts can be found below:

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

Tokyo Ohka Kogyo 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.

Tokyo Ohka Kogyo 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)
	=	60815	/	(486	+	10000)
	=	5.80

Tokyo Ohka Kogyo 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)
	=	60815	/	(486	+	10000)
	=	5.80

Tokyo Ohka Kogyo Co (TSE:4186) 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.

Tokyo Ohka Kogyo Co Cash-to-Debt Related Terms

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

Tokyo Ohka Kogyo Co (TSE:4186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tokyo Ohka Kogyo Co Ltd (TSE:4186) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Nakamaruko, Nakahara-ku, Kanagawa, Kawasaki, JPN, 211-0012

Website

http://www.tok.co.jp

Tokyo Ohka Kogyo Co Ltd is a Japan-based company that manufactures functional materials and processing equipment. The processing equipment sold by the firm are primarily used in the manufacturing of semiconductors and liquid crystal display products. The materials used in the manufacturing of these products are also sold by the company, particularly for the photolithography process. The firm also sells inorganic and organic chemicals. Tokyo Ohka Kogyo has manufacturing facilities in the United States, Taiwan, China, and South Korea.

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