Fuyo General Lease Co (TSE:8424) Cash-to-Debt : 0.22 (As of Dec. 2023)

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What is Fuyo General Lease 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. Fuyo General Lease Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.22.

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, Fuyo General Lease 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 Fuyo General Lease Co's Cash-to-Debt or its related term are showing as below:

TSE:8424' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.13 Max: 0.24
Current: 0.22

During the past 13 years, Fuyo General Lease Co's highest Cash to Debt Ratio was 0.24. The lowest was 0.04. And the median was 0.13.

TSE:8424's Cash-to-Debt is ranked worse than
75.05% of 1062 companies
in the Business Services industry
Industry Median: 1.005 vs TSE:8424: 0.22

Fuyo General Lease Co Cash-to-Debt Historical Data

The historical data trend for Fuyo General Lease 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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Fuyo General Lease Co Cash-to-Debt Chart

Fuyo General Lease Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.15

0.16

0.17

0.23

0.24

Fuyo General Lease Co 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															0.23	0.24	0.24	0.22	0.24

Competitive Comparison of Fuyo General Lease Co's Cash-to-Debt

For the Rental & Leasing Services subindustry, Fuyo General Lease 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.

Fuyo General Lease Co's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Fuyo General Lease Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Fuyo General Lease Co's Cash-to-Debt falls into.

Fuyo General Lease 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.

Fuyo General Lease Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	632270	/	(1297605	+	1369726)
	=	0.24

Fuyo General Lease 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)
	=	575020	/	(1398966	+	1248772)
	=	0.22

Fuyo General Lease Co (TSE:8424) 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.

Fuyo General Lease Co Cash-to-Debt Related Terms

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Fuyo General Lease Co (TSE:8424) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Fuyo General Lease Co Ltd (TSE:8424) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FXL:Germany

Address

Nichirei Building, 3-3-23, Misaki-cho, Chiyoda-ku, Tokyo, JPN, 1018380

Website

http://www.fgl.co.jp

Fuyo General Lease Co Ltd is Japanese company which is engaged in leasing and installment transactions for machinery and equipment and financial transactions such as the provision of operating loans. The company focuses on using direct and indirect financing to procure funds for purchasing assets to lease or to sell through installment sales and for providing operating loans to customers. It has three reportable segments namely Lease and Installment Sales segment conducts leasing office equipment, industrial machinery and sells commercial equipment, production facilities, medical devices, and other assets on an installment basis; Loans segment which is engaged in commercial lending; and Other segment which invests in marketable securities.

Fuyo General Lease Co (TSE:8424) Headlines

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