Mitsubishi Shokuhin Co (TSE:7451) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Mitsubishi Shokuhin 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. Mitsubishi Shokuhin Co'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, Mitsubishi Shokuhin Co 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 Mitsubishi Shokuhin Co's Cash-to-Debt or its related term are showing as below:

TSE:7451' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.09 Max: 0.59
Current: 0.16

During the past 13 years, Mitsubishi Shokuhin Co's highest Cash to Debt Ratio was 0.59. The lowest was 0.03. And the median was 0.09.

TSE:7451's Cash-to-Debt is ranked worse than
71.99% of 307 companies
in the Retail - Defensive industry
Industry Median: 0.46 vs TSE:7451: 0.16

Mitsubishi Shokuhin Co Cash-to-Debt Historical Data

The historical data trend for Mitsubishi Shokuhin 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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Mitsubishi Shokuhin Co Cash-to-Debt Chart

Mitsubishi Shokuhin Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.04

0.07

0.03

0.08

0.16

Mitsubishi Shokuhin 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															0.08	No Debt	No Debt	No Debt	0.16

Competitive Comparison of Mitsubishi Shokuhin Co's Cash-to-Debt

For the Food Distribution subindustry, Mitsubishi Shokuhin 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.

Mitsubishi Shokuhin Co's Cash-to-Debt Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Mitsubishi Shokuhin Co's Cash-to-Debt distribution charts can be found below:

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

Mitsubishi Shokuhin 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.

Mitsubishi Shokuhin 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)
	=	832	/	(849	+	4419)
	=	0.16

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

Mitsubishi Shokuhin Co had no debt ⁽¹⁾.

Mitsubishi Shokuhin Co (TSE:7451) 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.

Mitsubishi Shokuhin Co Cash-to-Debt Related Terms

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

Mitsubishi Shokuhin Co (TSE:7451) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Mitsubishi Shokuhin Co Ltd (TSE:7451) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-1-1 Heiwajima, Ota-ku, Tokyo, JPN, 1436556

Website

http://www.mitsubishi-shokuhin.com

Mitsubishi Shokuhin Co Ltd is a Japan-based company engaged in the food and beverage business. The company offers processed foods, frozen and chilled foods, alcoholic beverages and confectioneries at wholesale prices. Its product portfolio includes seasoning products, noodles, dry goods, alcoholic and non-alcoholic beverages, frozen foods, confectionery. It also operates in the real estate management and logistics business. The majority of the revenues are derived from the processed foods business and frozen and chilled foods business.

Mitsubishi Shokuhin Co (TSE:7451) Headlines

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Mitsubishi Shokuhin Co (TSE:7451) Cash-to-Debt : No Debt (1) (As of Dec. 2023)