Hochiki (TSE:6745) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Hochiki 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. Hochiki's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Hochiki could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

TSE:6745' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.6 Med: 10.89 Max: 36.29
Current: 10.21

During the past 13 years, Hochiki's highest Cash to Debt Ratio was 36.29. The lowest was 2.60. And the median was 10.89.

TSE:6745's Cash-to-Debt is ranked better than
85.7% of 1671 companies
in the Construction industry
Industry Median: 0.62 vs TSE:6745: 10.21

Hochiki Cash-to-Debt Historical Data

The historical data trend for Hochiki'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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Hochiki Cash-to-Debt Chart

Hochiki Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

11.56

21.72

36.29

22.99

10.21

Hochiki 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															22.99	No Debt	No Debt	No Debt	10.21

Competitive Comparison of Hochiki's Cash-to-Debt

For the Building Products & Equipment subindustry, Hochiki'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.

Hochiki's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Hochiki's Cash-to-Debt distribution charts can be found below:

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

Hochiki 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.

Hochiki'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)
	=	11629	/	(271	+	868)
	=	10.21

Hochiki's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Hochiki had no debt ⁽¹⁾.

Hochiki (TSE:6745) 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.

Hochiki Cash-to-Debt Related Terms

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

Hochiki (TSE:6745) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hochiki Corp (TSE:6745) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-10-43 Kamiosaki, Shinagawa-ku, Tokyo, JPN, 141-8660

Website

http://www.hochiki.co.jp

Hochiki Corp. is engaged in the business of Research and development, manufacturing and sales, consulting and engineering, installation and maintenance of the systems such as Fire Alarm Systems, Fire Extinguishing Systems, Information and Communication Systems, and Security Systems. It generates maximum revenue from the Fire Alarm Systems.

Hochiki (TSE:6745) Headlines

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Hochiki (TSE:6745) Cash-to-Debt : No Debt (1) (As of Dec. 2023)