MAX Co (TSE:6454) Cash-to-Debt : 21.64 (As of Mar. 2024)

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What is MAX 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. MAX Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 21.64.

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, MAX Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for MAX Co's Cash-to-Debt or its related term are showing as below:

TSE:6454' s Cash-to-Debt Range Over the Past 10 Years
Min: 7.68 Med: 10.7 Max: 21.64
Current: 21.64

During the past 13 years, MAX Co's highest Cash to Debt Ratio was 21.64. The lowest was 7.68. And the median was 10.70.

TSE:6454's Cash-to-Debt is ranked better than
83.06% of 3005 companies
in the Industrial Products industry
Industry Median: 1.18 vs TSE:6454: 21.64

MAX Co Cash-to-Debt Historical Data

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

MAX Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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9.61

9.74

10.68

12.77

21.64

MAX 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															12.77	16.60	18.27	18.68	21.64

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

For the Tools & Accessories subindustry, MAX 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.

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

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

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

MAX 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.

MAX 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)
	=	38219	/	(1293	+	473)
	=	21.64

MAX Co's Cash to Debt Ratio for the quarter 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)
	=	38219	/	(1293	+	473)
	=	21.64

MAX Co (TSE:6454) 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.

MAX Co Cash-to-Debt Related Terms

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

MAX Co (TSE:6454) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MAX Co Ltd (TSE:6454) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-6 Nihonbashi Hakozakicho, Chuo-ku, Tokyo, JPN, 103-8502

Website

http://www.max-ltd.co.jp

MAX Co Ltd manufactures and distributes office supplies and industrial equipment. The company operates through office equipment, industrial equipment, and home care and rehabilitation (HCR) equipment divisions. It mainly offers products such as hand-held staplers and automatic staplers, numbering tools, check writers, and other office supplies. It also markets fastening devices for various purposes such as concrete reinforcing bar tying machines, air compressors, and rechargeable tools.

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