Optorun Co (TSE:6235) Cash-to-Debt : 80.41 (As of Dec. 2023)

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What is Optorun 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. Optorun Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 80.41.

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

TSE:6235' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.32 Med: 39.83 Max: 83.37
Current: 80.41

During the past 9 years, Optorun Co's highest Cash to Debt Ratio was 83.37. The lowest was 1.32. And the median was 39.83.

TSE:6235's Cash-to-Debt is ranked better than
88.81% of 3003 companies
in the Industrial Products industry
Industry Median: 1.19 vs TSE:6235: 80.41

Optorun Co Cash-to-Debt Historical Data

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

Optorun Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

39.94

39.83

66.23

83.37

80.41

Optorun 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															83.37	81.71	81.24	82.48	80.41

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

For the Specialty Industrial Machinery subindustry, Optorun 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.

Optorun Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Optorun Co's Cash-to-Debt distribution charts can be found below:

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

Optorun 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.

Optorun 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)
	=	33054.217	/	(403.108	+	7.974)
	=	80.41

Optorun 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)
	=	33054.217	/	(403.108	+	7.974)
	=	80.41

Optorun Co (TSE:6235) 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.

Optorun Co Cash-to-Debt Related Terms

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Optorun Co (TSE:6235) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Optorun Co Ltd (TSE:6235) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Takeno 10-1, Saitama-ken, Kawagoe, JPN, 350-0801

Website

http://www.optorun.co.jp

Optorun Co Ltd is engaged in manufacturing, distribution and import/export of vacuum coating machines, peripheral equipment, and units using vacuum coating products. Precise control and physical vapor deposition (PVD) speed stabilization, are the pillars of thin film manufacturing technology. It uses such technology for the performance of RF ion sources, optical film thickness monitors, and sensor units. The company utilizes vacuum deposition equipment in the antireflection coating and hard coating for mobile phones, heat transmission mirrors are used in medical lighting, DVD pickup lenses, and other products.

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