Shimano (TSE:7309) Cash-to-Debt : 145.62 (As of Dec. 2023)

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What is Shimano 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. Shimano's cash to debt ratio for the quarter that ended in Dec. 2023 was 145.62.

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

TSE:7309' s Cash-to-Debt Range Over the Past 10 Years
Min: 12.61 Med: 59.11 Max: 212.14
Current: 145.62

During the past 13 years, Shimano's highest Cash to Debt Ratio was 212.14. The lowest was 12.61. And the median was 59.11.

TSE:7309's Cash-to-Debt is ranked better than
91.59% of 820 companies
in the Travel & Leisure industry
Industry Median: 0.595 vs TSE:7309: 145.62

Shimano Cash-to-Debt Historical Data

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

Shimano Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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59.99

129.83

58.23

80.05

145.62

Shimano 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															176.85	377.03	2,447.67	145.62	N/A

Competitive Comparison of Shimano's Cash-to-Debt

For the Leisure subindustry, Shimano'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.

Shimano's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Shimano's Cash-to-Debt distribution charts can be found below:

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

Shimano 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.

Shimano's Cash to Debt Ratio for the fiscal year 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)
	=	493933	/	(1022	+	2370)
	=	145.62

Shimano'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)
	=	493933	/	(1022	+	2370)
	=	145.62

Shimano (TSE:7309) 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.

Shimano Cash-to-Debt Related Terms

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Shimano (TSE:7309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shimano Inc (TSE:7309) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SMNNY:USA SHMDF:USA SHM:Germany

Address

3-77 Oimatsu-cho, Sakai-ku, Sakai, Osaka Prefecture, JPN, 590-8577

Website

https://www.shimano.com

Shimano develops, manufactures, and distributes bicycle components, fishing tackles, rowing equipment, and lifestyle gear products, like apparel items, shoes, and bags. Approximately 80% of companywide sales comes from its bicycle components segment. Shimano has operations in Japan, Asia, Europe, North America, Latin America, and Oceania. The company was founded in 1921, and its headquarters are in Osaka, Japan.

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