Pilot (TSE:7846) Cash-to-Debt : 14.89 (As of Dec. 2023)

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What is Pilot 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. Pilot's cash to debt ratio for the quarter that ended in Dec. 2023 was 14.89.

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, Pilot could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSE:7846' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.9 Med: 2.63 Max: 14.89
Current: 14.89

During the past 13 years, Pilot's highest Cash to Debt Ratio was 14.89. The lowest was 0.90. And the median was 2.63.

TSE:7846's Cash-to-Debt is ranked better than
80.36% of 2999 companies
in the Industrial Products industry
Industry Median: 1.18 vs TSE:7846: 14.89

Pilot Cash-to-Debt Historical Data

The historical data trend for Pilot'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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Pilot Cash-to-Debt Chart

Pilot Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.87

2.65

4.94

10.33

14.89

Pilot 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															10.33	5.66	11.25	13.57	14.89

Competitive Comparison of Pilot's Cash-to-Debt

For the Business Equipment & Supplies subindustry, Pilot'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.

Pilot's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Pilot 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.

Pilot'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)
	=	39171	/	(2137	+	494)
	=	14.89

Pilot'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)
	=	39171	/	(2137	+	494)
	=	14.89

Pilot (TSE:7846) 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.

Pilot Cash-to-Debt Related Terms

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

Pilot (TSE:7846) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pilot Corp (TSE:7846) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

POGHF:USA

Address

2-6-21 Kyobashi, Chuo-ku, Tokyo, JPN, 104-8304

Website

http://www.pilot.co.jp

Pilot Corp is a Japanese company that manufactures, purchases, and distributes stationery items including writing instruments, other stationery products and toys, and relevant services. The company operates through four segments: Japan, the Americas, Europe, and Asia. The Japan segment distributes products through direct sales to retail stores in Japan, and this segment contributes the largest proportion of total group revenue. The Americas segment is mainly engaged in the manufacture and sales of ball pens in the United States, Mexico and Brazil. The Europe segment operates in Sweden, the United Kingdom, Germany, France, and others. The Asia segment provides writing materials in Taiwan, mainland China, Hong Kong, Indonesia, Malaysia, and Singapore.

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