Okamoto Glass Co (TSE:7746) Cash-to-Debt : 0.28 (As of Dec. 2023)

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What is Okamoto Glass 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. Okamoto Glass Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.28.

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

TSE:7746' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.19 Max: 0.41
Current: 0.28

During the past 13 years, Okamoto Glass Co's highest Cash to Debt Ratio was 0.41. The lowest was 0.06. And the median was 0.19.

TSE:7746's Cash-to-Debt is ranked worse than
84.09% of 2325 companies
in the Hardware industry
Industry Median: 1.32 vs TSE:7746: 0.28

Okamoto Glass Co Cash-to-Debt Historical Data

The historical data trend for Okamoto Glass 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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Okamoto Glass Co Cash-to-Debt Chart

Okamoto Glass Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.18

0.26

0.41

0.31

0.30

Okamoto Glass 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															0.26	0.30	0.30	0.23	0.28

Competitive Comparison of Okamoto Glass Co's Cash-to-Debt

For the Electronic Components subindustry, Okamoto Glass 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.

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

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

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

Okamoto Glass 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.

Okamoto Glass 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)
	=	1538.944	/	(1576.876	+	3482.288)
	=	0.30

Okamoto Glass 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)
	=	1498.329	/	(1602.314	+	3787.855)
	=	0.28

Okamoto Glass Co (TSE:7746) 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.

Okamoto Glass Co Cash-to-Debt Related Terms

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Okamoto Glass Co (TSE:7746) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Okamoto Glass Co Ltd (TSE:7746) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

380, Toyofuta, Kashiwa-shi, Chiba, JPN, 277 0872

Website

http://www.ogc-jp.com

Okamoto Glass Co Ltd is engaged in the manufacture and sale of new glass for optical devices and multilayer film deposition products. The products of the company include glass material, glass molded items, optical and functional coating, glass bulb, and glass frit.

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