Toyo Kanetsu KK (TSE:6369) Cash-to-Debt : 0.71 (As of Dec. 2023)

View and export this data going back to 1961. Start your Free Trial

What is Toyo Kanetsu KK 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. Toyo Kanetsu KK's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.71.

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, Toyo Kanetsu KK 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 Toyo Kanetsu KK's Cash-to-Debt or its related term are showing as below:

TSE:6369' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.49 Med: 0.91 Max: 4.38
Current: 0.49

During the past 13 years, Toyo Kanetsu KK's highest Cash to Debt Ratio was 4.38. The lowest was 0.49. And the median was 0.91.

TSE:6369's Cash-to-Debt is ranked worse than
68.29% of 2904 companies
in the Industrial Products industry
Industry Median: 1.22 vs TSE:6369: 0.49

Toyo Kanetsu KK Cash-to-Debt Historical Data

The historical data trend for Toyo Kanetsu KK'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.

* Premium members only.

Toyo Kanetsu KK Cash-to-Debt Chart

Toyo Kanetsu KK Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

0.96

0.87

0.66

0.61

0.49

Toyo Kanetsu KK 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															0.61	0.52	0.60	0.71	0.49

Competitive Comparison of Toyo Kanetsu KK's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Toyo Kanetsu KK'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.

Toyo Kanetsu KK's Cash-to-Debt Distribution in the Industrial Products Industry

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

* The bar in red indicates where Toyo Kanetsu KK's Cash-to-Debt falls into.

Toyo Kanetsu KK 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.

Toyo Kanetsu KK'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)
	=	8351	/	(13855	+	3160)
	=	0.49

Toyo Kanetsu KK'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)
	=	11342	/	(11557	+	4458)
	=	0.71

Toyo Kanetsu KK (TSE:6369) 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.

Toyo Kanetsu KK Cash-to-Debt Related Terms

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

Toyo Kanetsu KK (TSE:6369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Toyo Kanetsu KK (TSE:6369) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

11-1, Minamisuna 2-chome, Koto-ku, Tokyo, JPN, 136-8666

Website

http://www.toyokanetsu.co.jp

Toyo Kanetsu KK produces and sells industrial furnaces. It operates in two reportable segments which include Plant and machinery segment and Material handling system segment. Plant and machinery comprise of designing, manufacturing, installation of storage tanks for LNG (Liquefied natural gas), crude oil and other gases and liquids whereas Material handling system segment is engaged in the development, designing and installation of distribution system especially for sorting, picking and conveyance. The business activity of the group is operated by Japan, Southeast Asia, Oceania, and Internationally.

Toyo Kanetsu KK (TSE:6369) Headlines

No Headlines