Tanaka Co (TSE:7619) Cash-to-Debt : 0.95 (As of Dec. 2023)

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What is Tanaka 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. Tanaka Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.95.

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

TSE:7619' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.48 Max: 0.96
Current: 0.95

During the past 13 years, Tanaka Co's highest Cash to Debt Ratio was 0.96. The lowest was 0.10. And the median was 0.48.

TSE:7619's Cash-to-Debt is ranked worse than
57.88% of 2374 companies
in the Hardware industry
Industry Median: 1.34 vs TSE:7619: 0.95

Tanaka Co Cash-to-Debt Historical Data

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

Tanaka Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.46

0.49

0.48

0.59

0.66

Tanaka Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.84	0.66	0.69	0.96	0.95

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

For the Electronics & Computer Distribution subindustry, Tanaka 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.

Tanaka Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tanaka Co's Cash-to-Debt distribution charts can be found below:

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

Tanaka 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.

Tanaka Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	2746.615	/	(4137.2	+	23.984)
	=	0.66

Tanaka Co'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)
	=	4224.207	/	(4422.197	+	12.878)
	=	0.95

Tanaka Co (TSE:7619) 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.

Tanaka Co Cash-to-Debt Related Terms

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Tanaka Co (TSE:7619) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tanaka Co Ltd (TSE:7619) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TDJ:Germany

Address

3 Chome-2-2 Minamioi, Shinagawa-ku, Tokyo, JPN, 140-0013

Website

http://www.tanakashoji.co.jp

Tanaka Co Ltd is a general trading company of electric construction material. The company has five major product lines, namely lighting fixtures, electric wire, distribution board, household appliances, and other. The lighting fixtures include fluorescent lighting equipment for residential use, facility use, and industrial use; incandescent lighting equipment for factories, street lamps, and tunnels; Electric wire products include communication cable, insulation cable for electric distribution and various accessories; Household appliances include home appliances, residential equipment, office equipment, photovoltaic generators; Other products include measuring equipment, power tool, and security equipment.

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