Maxvalu Tokai Co (TSE:8198) Cash-to-Debt : No Debt ⁽¹⁾ (As of Nov. 2023)

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What is Maxvalu Tokai 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. Maxvalu Tokai Co's cash to debt ratio for the quarter that ended in Nov. 2023 was No Debt ⁽¹⁾.

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, Maxvalu Tokai Co could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

(1) 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.

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

TSE:8198' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.13 Med: 9.5 Max: 19.4
Current: 7.53

During the past 13 years, Maxvalu Tokai Co's highest Cash to Debt Ratio was 19.40. The lowest was 5.13. And the median was 9.50.

TSE:8198's Cash-to-Debt is ranked better than
87.34% of 308 companies
in the Retail - Defensive industry
Industry Median: 0.46 vs TSE:8198: 7.53

Maxvalu Tokai Co Cash-to-Debt Historical Data

The historical data trend for Maxvalu Tokai 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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Maxvalu Tokai Co Cash-to-Debt Chart

Maxvalu Tokai Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Cash-to-Debt

Get a 7-Day Free Trial

5.13

9.02

7.00

7.06

7.53

Maxvalu Tokai 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															7.06	No Debt	No Debt	No Debt	7.53

Competitive Comparison of Maxvalu Tokai Co's Cash-to-Debt

For the Grocery Stores subindustry, Maxvalu Tokai 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.

Maxvalu Tokai Co's Cash-to-Debt Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Maxvalu Tokai Co's Cash-to-Debt distribution charts can be found below:

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

Maxvalu Tokai 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.

Maxvalu Tokai Co's Cash to Debt Ratio for the fiscal year 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)
	=	12355	/	(261	+	1380)
	=	7.53

Maxvalu Tokai Co's Cash to Debt Ratio for the quarter that ended in Nov. 2023 is calculated as:

Maxvalu Tokai Co had no debt ⁽¹⁾.

Maxvalu Tokai Co (TSE:8198) 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.

Maxvalu Tokai Co Cash-to-Debt Related Terms

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Maxvalu Tokai Co (TSE:8198) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Maxvalu Tokai Co Ltd (TSE:8198) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

303-1 Shimonagakubo, Nakaizumi-machi Sunto-gun, Shizuoka, JPN, 411-0934

Website

http://www.mv-tokai.com

Maxvalu Tokai Co Ltd is a Japan-based retail store company. It manages a chain of supermarkets centering food items such as fresh fruits and vegetables, fresh fish, side dishes among others. Services provided by the company include an online supermarket, home delivery service, resting place, pharmaceutical stores, discount service, among others. Maxvalu Tokai has stores located throughout Japan.

Maxvalu Tokai Co (TSE:8198) Headlines

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Maxvalu Tokai Co (TSE:8198) Cash-to-Debt : No Debt (1) (As of Nov. 2023)