Mitsubishi Kakoki Kaisha (TSE:6331) Cash-to-Debt : 3.72 (As of Dec. 2023)

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What is Mitsubishi Kakoki Kaisha 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. Mitsubishi Kakoki Kaisha's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.72.

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, Mitsubishi Kakoki Kaisha 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 Mitsubishi Kakoki Kaisha's Cash-to-Debt or its related term are showing as below:

TSE:6331' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.07 Med: 1.91 Max: 4.6
Current: 4.6

During the past 13 years, Mitsubishi Kakoki Kaisha's highest Cash to Debt Ratio was 4.60. The lowest was 1.07. And the median was 1.91.

TSE:6331's Cash-to-Debt is ranked better than
70.54% of 2926 companies
in the Industrial Products industry
Industry Median: 1.22 vs TSE:6331: 4.60

Mitsubishi Kakoki Kaisha Cash-to-Debt Historical Data

The historical data trend for Mitsubishi Kakoki Kaisha'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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Mitsubishi Kakoki Kaisha Cash-to-Debt Chart

Mitsubishi Kakoki Kaisha Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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2.81

2.14

3.40

3.97

4.60

Mitsubishi Kakoki Kaisha Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															3.97	4.40	2.74	3.72	4.60

Competitive Comparison of Mitsubishi Kakoki Kaisha's Cash-to-Debt

For the Pollution & Treatment Controls subindustry, Mitsubishi Kakoki Kaisha'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.

Mitsubishi Kakoki Kaisha's Cash-to-Debt Distribution in the Industrial Products Industry

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

* The bar in red indicates where Mitsubishi Kakoki Kaisha's Cash-to-Debt falls into.

Mitsubishi Kakoki Kaisha 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.

Mitsubishi Kakoki Kaisha's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 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)
	=	15183	/	(0	+	3300)
	=	4.60

Mitsubishi Kakoki Kaisha'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)
	=	12269	/	(0	+	3300)
	=	3.72

Mitsubishi Kakoki Kaisha (TSE:6331) 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.

Mitsubishi Kakoki Kaisha Cash-to-Debt Related Terms

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

Mitsubishi Kakoki Kaisha (TSE:6331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsubishi Kakoki Kaisha Ltd (TSE:6331) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

893:Germany

Address

2-1 Ohkawa-cho, Kawasaki-ku, Kawasaki, Kanagawa, JPN, 210-8560

Website

http://www.kakoki.co.jp

Mitsubishi Kakoki Kaisha Ltd is a manufacturer of chemical plant equipment. The reportable segments of the company are the Engineering business and the Machinery business. The Engineering business includes city gas and petroleum-related plants, a variety of chemical engineering plants, hydrogen generation plants, sewage treatment equipment, diverse water treatment equipment and related products. The Machinery business includes oil purifiers, a variety of separation and filtration machinery, seawater screening facility mixers and related products. It serves the diversified industries in the fields of energy, chemicals, foodstuffs, pharmaceuticals, air purification, and water and waste treatment. The company has an operational presence across Europe, Mainland China, Taiwan and Thailand.

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