Star Micronics Co (TSE:7718) Cash-to-Debt : 277.06 (As of Mar. 2024)

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What is Star Micronics 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. Star Micronics Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 277.06.

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, Star Micronics Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSE:7718' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.67 Med: 6.76 Max: 444.72
Current: 277.06

During the past 13 years, Star Micronics Co's highest Cash to Debt Ratio was 444.72. The lowest was 1.67. And the median was 6.76.

TSE:7718's Cash-to-Debt is ranked better than
92% of 2976 companies
in the Industrial Products industry
Industry Median: 1.22 vs TSE:7718: 277.06

Star Micronics Co Cash-to-Debt Historical Data

The historical data trend for Star Micronics 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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Star Micronics Co Cash-to-Debt Chart

Star Micronics Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.94

2.39

339.42

444.72

285.29

Star Micronics 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															439.89	188.57	252.18	285.29	277.06

Competitive Comparison of Star Micronics Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Star Micronics 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.

Star Micronics Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Star Micronics Co's Cash-to-Debt distribution charts can be found below:

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

Star Micronics 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.

Star Micronics Co'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)
	=	29721.934	/	(58.041	+	46.142)
	=	285.29

Star Micronics Co's Cash to Debt Ratio for the quarter 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)
	=	30608.986	/	(53.309	+	57.171)
	=	277.05

Star Micronics Co (TSE:7718) 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.

Star Micronics Co Cash-to-Debt Related Terms

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Star Micronics Co (TSE:7718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Star Micronics Co Ltd (TSE:7718) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

2ZN:Germany

Address

20-10 Nakayoshida, Suruga-ku, Shizuoka, JPN, 422-8654

Website

https://www.star-m.jp

Star Micronics Co Ltd is engaged in the manufacture and sale of machinery, electronic components, machine tools and precision parts. It operates with various segment namely; Special products segment which offers point-of-sale printers, Visual cards, Readers and Writers; Components segment produces and sells electronic buzzers, microphones, speakers, receivers and others; Machine Tools segment offers computer numeric control automatic lathes and others; and Precision Products segment produces and sells wristwatch parts, optical connector parts, automotive parts, medical parts and others. The company generates most of its revenue from the machine tools segment and it has business presence worldwide, including Japan, the United States, Europe, and other Asian areas.

Star Micronics Co (TSE:7718) Headlines

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