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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: 2.85   Med: 7.36   Max: 11.41
Current: 2.85

During the past 13 years, Tsurumi Manufacturing Co's highest Cash to Debt Ratio was 11.41. The lowest was 2.85. And the median was 7.36.

TSE:6351's Cash-to-Debt is ranked better than
65% of 3003 companies
in the Industrial Products industry
Industry Median: 1.19 vs TSE:6351: 2.85

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 Premium Member Only Premium Member Only 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 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 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:

Tsurumi Manufacturing 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.


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

Traded in Other Exchanges
N/A
Address
4-16-40 Tsurumi, Tsurumi-ku, Osaka-shi, Osaka, JPN, 538-8585
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.

Tsurumi Manufacturing Co (TSE:6351) Headlines

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