Canon Marketing Japan (TSE:8060) Cash-to-Debt : 294.07 (As of Dec. 2023)

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What is Canon Marketing Japan 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. Canon Marketing Japan's cash to debt ratio for the quarter that ended in Dec. 2023 was 294.07.

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, Canon Marketing Japan 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 Canon Marketing Japan's Cash-to-Debt or its related term are showing as below:

TSE:8060' s Cash-to-Debt Range Over the Past 10 Years
Min: 153.06 Med: 313.14 Max: 717.22
Current: 294.07

During the past 13 years, Canon Marketing Japan's highest Cash to Debt Ratio was 717.22. The lowest was 153.06. And the median was 313.14.

TSE:8060's Cash-to-Debt is ranked better than
92.56% of 2999 companies
in the Industrial Products industry
Industry Median: 1.18 vs TSE:8060: 294.07

Canon Marketing Japan Cash-to-Debt Historical Data

The historical data trend for Canon Marketing Japan'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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Canon Marketing Japan Cash-to-Debt Chart

Canon Marketing Japan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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311.39

469.77

511.49

717.22

294.07

Canon Marketing Japan 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															389.83	412.90	299.14	294.07	N/A

Competitive Comparison of Canon Marketing Japan's Cash-to-Debt

For the Business Equipment & Supplies subindustry, Canon Marketing Japan'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.

Canon Marketing Japan's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Canon Marketing Japan 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.

Canon Marketing Japan'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)
	=	89690	/	(99	+	206)
	=	294.07

Canon Marketing Japan'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)
	=	89690	/	(99	+	206)
	=	294.07

Canon Marketing Japan (TSE:8060) 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.

Canon Marketing Japan Cash-to-Debt Related Terms

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Canon Marketing Japan (TSE:8060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Canon Marketing Japan Inc (TSE:8060) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CNJ:Germany

Address

Canon S Tower, 16-6, Konan 2-Chome, Minato-ku, Tokyo, JPN, 108-8011

Website

http://canon.jp

Canon Marketing Japan Inc is in the business of distributing and selling Canon branded products and also provides marketing and other services. Its business segments are business solutions, Its solutions, imaging systems and industrial/medical. Its products and services include business use multifunctional products, commercial printing systems, laser printers, embedded software, system integration, digital cameras, interchangeable lenses, medical equipment and semi-conductor manufacturing equipment.

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