Astena Holdings Co (TSE:8095) Cash-to-Debt : 0.30 (As of Feb. 2024)

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What is Astena Holdings 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. Astena Holdings Co's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.30.

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, Astena Holdings Co couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

TSE:8095' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 0.92 Max: 1.55
Current: 0.3

During the past 13 years, Astena Holdings Co's highest Cash to Debt Ratio was 1.55. The lowest was 0.30. And the median was 0.92.

TSE:8095's Cash-to-Debt is ranked worse than
61.41% of 526 companies
in the Conglomerates industry
Industry Median: 0.485 vs TSE:8095: 0.30

Astena Holdings Co Cash-to-Debt Historical Data

The historical data trend for Astena Holdings 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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Astena Holdings Co Cash-to-Debt Chart

Astena Holdings Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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0.99

0.62

0.72

0.46

0.41

Astena Holdings Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.43	0.34	0.33	0.41	0.30

Competitive Comparison of Astena Holdings Co's Cash-to-Debt

For the Conglomerates subindustry, Astena Holdings 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.

Astena Holdings Co's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Astena Holdings Co's Cash-to-Debt distribution charts can be found below:

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

Astena Holdings 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.

Astena Holdings Co's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
	=	6881.27	/	(12267.746	+	4639.615)
	=	0.41

Astena Holdings Co's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	4672.078	/	(11512.984	+	4072.586)
	=	0.30

Astena Holdings Co (TSE:8095) 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.

Astena Holdings Co Cash-to-Debt Related Terms

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Astena Holdings Co (TSE:8095) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Astena Holdings Co Ltd (TSE:8095) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8-2 Nihonbashi Honcho 4-Chome, Chuo-ku, Tokyo, JPN, 103-8403

Website

http://www.iwaki-kk.co.jp

Astena Holdings Co Ltd formerly Iwaki & Co Ltd is engaged in sale of pharmaceuticals, quasi-medicines, veterinary drugs, and medical equipment. It is also engaged in the sale of raw materials for medicines and cosmetics, health foods, chemicals and synthetic resins.

Astena Holdings Co (TSE:8095) Headlines

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