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Chugokukogyo Co (TSE:5974) Cash-to-Debt : 0.28 (As of Dec. 2023)


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What is Chugokukogyo 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. Chugokukogyo Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.28.

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

TSE:5974' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2   Med: 0.33   Max: 0.54
Current: 0.28

During the past 13 years, Chugokukogyo Co's highest Cash to Debt Ratio was 0.54. The lowest was 0.20. And the median was 0.33.

TSE:5974's Cash-to-Debt is ranked better than
54.22% of 498 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs TSE:5974: 0.28

Chugokukogyo Co Cash-to-Debt Historical Data

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

Chugokukogyo Co Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 0.36 0.33 0.28 0.31

Chugokukogyo 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.24 0.23 0.23 0.24 0.28

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

For the Utilities - Regulated Gas subindustry, Chugokukogyo 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.


Chugokukogyo Co's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Chugokukogyo Co's Cash-to-Debt distribution charts can be found below:

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



Chugokukogyo 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.

Chugokukogyo Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 2022 is calculated as:

Chugokukogyo Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

* 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.


Chugokukogyo Co  (TSE:5974) 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.


Chugokukogyo Co Cash-to-Debt Related Terms

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Chugokukogyo Co (TSE:5974) Business Description

Traded in Other Exchanges
N/A
Address
1-3-1, Hironada, Kure, JPN, 737-0192
Chugokukogyo Co Ltd manufactures and sells LP gas containers, storage tanks, and bulk storage tank; and designs, constructs, and inspects LP gas plants. It is also engaged in the manufacturing of iron structure products; FRP feed tank silage silos; FRP pharmaceutical tanks and covers; FRP automotive parts; and livestock products.

Chugokukogyo Co (TSE:5974) Headlines

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