Nippon Shinyaku Co (TSE:4516) Cash-to-Debt : 32.14 (As of Dec. 2023)

View and export this data going back to 1962. Start your Free Trial

What is Nippon Shinyaku 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. Nippon Shinyaku Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 32.14.

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

TSE:4516' s Cash-to-Debt Range Over the Past 10 Years
Min: 21.42 Med: No Debt Max: No Debt
Current: 32.14

During the past 13 years, Nippon Shinyaku Co's highest Cash to Debt Ratio was No Debt. The lowest was 21.42. And the median was No Debt.

TSE:4516's Cash-to-Debt is ranked better than
84.73% of 1048 companies
in the Drug Manufacturers industry
Industry Median: 0.945 vs TSE:4516: 32.14

Nippon Shinyaku Co Cash-to-Debt Historical Data

The historical data trend for Nippon Shinyaku 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.

Nippon Shinyaku Co Cash-to-Debt Chart

Nippon Shinyaku Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

21.80

21.42

24.23

26.88

Nippon Shinyaku 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															30.54	26.88	28.06	33.11	32.14

Competitive Comparison of Nippon Shinyaku Co's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Nippon Shinyaku 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.

Nippon Shinyaku Co's Cash-to-Debt Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Nippon Shinyaku Co's Cash-to-Debt distribution charts can be found below:

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

Nippon Shinyaku 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.

Nippon Shinyaku Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	71601	/	(1516	+	1148)
	=	26.88

Nippon Shinyaku 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)
	=	65814	/	(1297	+	751)
	=	32.14

Nippon Shinyaku Co (TSE:4516) 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.

Nippon Shinyaku Co Cash-to-Debt Related Terms

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

Nippon Shinyaku Co (TSE:4516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Nippon Shinyaku Co Ltd (TSE:4516) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NPPNY:USA

Address

14, Nishinosho-Monguchi-cho, Kisshoin, Minami-ku, Kyoto, JPN, 601-8550

Website

http://www.nippon-shinyaku.co.jp

Nippon Shinyaku Co Ltd is a specialty and generic drug manufacturing company. Nippon's research and development activities include a focus on pharmaceuticals, nutraceuticals, safety and pharmacokinetics of drug seeds, genomic drug discovery, and nucleic acid drugs. The company also develops health food ingredients, preservatives, protein preparations, and spices. Nippon considers merger and acquisition investment as a potential component of its operational growth strategy for expanding its research, development, manufacturing, and marketing capabilities.

Nippon Shinyaku Co (TSE:4516) Headlines

No Headlines