Hoshi Iryo-Sanki Co (TSE:7634) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

TSE:7634' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.77 Med: No Debt Max: No Debt
Current: 9.01

During the past 13 years, Hoshi Iryo-Sanki Co's highest Cash to Debt Ratio was No Debt. The lowest was 6.77. And the median was No Debt.

TSE:7634's Cash-to-Debt is ranked better than
77.08% of 96 companies
in the Medical Distribution industry
Industry Median: 0.775 vs TSE:7634: 9.01

Hoshi Iryo-Sanki Co Cash-to-Debt Historical Data

The historical data trend for Hoshi Iryo-Sanki 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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Hoshi Iryo-Sanki Co Cash-to-Debt Chart

Hoshi Iryo-Sanki Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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9.99

7.97

7.28

6.77

9.02

Hoshi Iryo-Sanki 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															No Debt	9.02	No Debt	No Debt	No Debt

Competitive Comparison of Hoshi Iryo-Sanki Co's Cash-to-Debt

For the Medical Distribution subindustry, Hoshi Iryo-Sanki 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.

Hoshi Iryo-Sanki Co's Cash-to-Debt Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Hoshi Iryo-Sanki Co's Cash-to-Debt distribution charts can be found below:

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

Hoshi Iryo-Sanki 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.

Hoshi Iryo-Sanki 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)
	=	9031.48	/	(599.552	+	401.36)
	=	9.02

Hoshi Iryo-Sanki Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Hoshi Iryo-Sanki Co had no debt ⁽¹⁾.

Hoshi Iryo-Sanki Co (TSE:7634) 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.

Hoshi Iryo-Sanki Co Cash-to-Debt Related Terms

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

Hoshi Iryo-Sanki Co (TSE:7634) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Hoshi Iryo-Sanki Co Ltd (TSE:7634) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7-11-18 Iriya, Adachi-ku, Tokyo, JPN, 121-0836

Website

http://www.hosi.co.jp

Hoshi Iryo-Sanki Co Ltd is engaged in the manufacturing and sale of pharmaceuticals products. It offers medical oxygen, nitrous oxide, and others. It is also engaged in the planning, manufacture, sale, maintenance, inspection, and repair of medical instrument equipment for medical gas supply facilities. The company's project service includes production and supply of medical gas, home care, care assistive devices, medical gas maintenance, and others.

Hoshi Iryo-Sanki Co (TSE:7634) Headlines

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Hoshi Iryo-Sanki Co (TSE:7634) Cash-to-Debt : No Debt (1) (As of Dec. 2023)