Mitani Sekisan Co (TSE:5273) Cash-to-Debt : 145.56 (As of Dec. 2023)

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What is Mitani Sekisan 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. Mitani Sekisan Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 145.56.

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

TSE:5273' s Cash-to-Debt Range Over the Past 10 Years
Min: 13.97 Med: 69.32 Max: 200
Current: 145.56

During the past 13 years, Mitani Sekisan Co's highest Cash to Debt Ratio was 200.00. The lowest was 13.97. And the median was 69.32.

TSE:5273's Cash-to-Debt is ranked better than
94.45% of 1675 companies
in the Construction industry
Industry Median: 0.62 vs TSE:5273: 145.56

Mitani Sekisan Co Cash-to-Debt Historical Data

The historical data trend for Mitani Sekisan 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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Mitani Sekisan Co Cash-to-Debt Chart

Mitani Sekisan Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

28.15

36.39

56.96

83.96

70.04

Mitani Sekisan 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															188.03	70.04	131.65	140.20	145.56

Competitive Comparison of Mitani Sekisan Co's Cash-to-Debt

For the Building Products & Equipment subindustry, Mitani Sekisan 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.

Mitani Sekisan Co's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Mitani Sekisan Co's Cash-to-Debt distribution charts can be found below:

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

Mitani Sekisan 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.

Mitani Sekisan 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)
	=	38660	/	(66	+	486)
	=	70.04

Mitani Sekisan 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)
	=	39010	/	(66	+	202)
	=	145.56

Mitani Sekisan Co (TSE:5273) 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.

Mitani Sekisan Co Cash-to-Debt Related Terms

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Mitani Sekisan Co (TSE:5273) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mitani Sekisan Co Ltd (TSE:5273) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-3-1 Toyoshima, Mitani Building, Fukui-shi,, Fukui, JPN, 910-8571

Website

http://www.m-sekisan.co.jp

Mitani Sekisan Co., Ltd. is a Japanese company. It is engaged in the production and sales of concrete secondary products, manufacture, and sale of gravel products, foundation work, and rental for revetment. The company focuses on manufacturing gravel and stones which are used for civil engineering construction, railway tracking and pavement roadbed materials, raw concrete and various concrete secondary products, aggregates of asphalt composite material and construction materials. It also produces concrete piles and poles and environmental products. The Information-Related Business deals with computer peripheral sales and consigned software production.

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