Tsurumi Manufacturing Co (TSE:6351) Cash-to-Debt : 2.85 (As of Dec. 2023)

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What is Tsurumi Manufacturing 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. Tsurumi Manufacturing Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.85.

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

TSE:6351' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.05 Med: 7.11 Max: 10.19
Current: 3.15

During the past 13 years, Tsurumi Manufacturing Co's highest Cash to Debt Ratio was 10.19. The lowest was 3.05. And the median was 7.11.

TSE:6351's Cash-to-Debt is ranked better than
65.79% of 2926 companies
in the Industrial Products industry
Industry Median: 1.23 vs TSE:6351: 3.15

Tsurumi Manufacturing Co Cash-to-Debt Historical Data

The historical data trend for Tsurumi Manufacturing 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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Tsurumi Manufacturing Co Cash-to-Debt Chart

Tsurumi Manufacturing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

7.40

6.08

7.71

3.05

3.15

Tsurumi Manufacturing Co 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															3.05	3.82	3.88	2.85	3.15

Competitive Comparison of Tsurumi Manufacturing Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Tsurumi Manufacturing 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.

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

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

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

Tsurumi Manufacturing 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.

Tsurumi Manufacturing Co'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)
	=	31358	/	(1053	+	8893)
	=	3.15

Tsurumi Manufacturing 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)
	=	28693	/	(1041	+	9012)
	=	2.85

Tsurumi Manufacturing Co (TSE:6351) 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.

Tsurumi Manufacturing Co Cash-to-Debt Related Terms

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Tsurumi Manufacturing Co (TSE:6351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tsurumi Manufacturing Co Ltd (TSE:6351) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-16-40 Tsurumi, Tsurumi-ku, Osaka-shi, Osaka, JPN, 538-8585

Website

http://www.tsurumipump.co.jp

Tsurumi Manufacturing Co Ltd is a Japan-based company mainly engaged in the manufacture, purchase, sale, lease, rent, and repair of water pumps. The company offers products including submersible and non-submersible construction dewatering pumps, submersible sewage and wastewater pumps, submersible seawater pumps, non-submersible clean water pumps, and other submersible pumps. It also provides liquid ring pumps, water treatment equipment comprising of aeration equipment, scum skimmers, decanters, dehydrators, and screening equipment, portable generators, and liquid level sensors. Additionally, the company's products are used in construction and mining, industrial and energy, agricultural and irrigation, river and flood control, waterworks and wastewater, and environmental protection fields.

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