The Bank of Nagoya (TSE:8522) Cash-to-Debt : 1.83 (As of Dec. 2023)

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What is The Bank of Nagoya 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. The Bank of Nagoya's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.83.

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, The Bank of Nagoya 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 The Bank of Nagoya's Cash-to-Debt or its related term are showing as below:

TSE:8522' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.21 Med: 2.78 Max: 6.08
Current: 1.42

During the past 13 years, The Bank of Nagoya's highest Cash to Debt Ratio was 6.08. The lowest was 1.21. And the median was 2.78.

TSE:8522's Cash-to-Debt is ranked better than
53.5% of 1428 companies
in the Banks industry
Industry Median: 1.29 vs TSE:8522: 1.42

The Bank of Nagoya Cash-to-Debt Historical Data

The historical data trend for The Bank of Nagoya'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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The Bank of Nagoya Cash-to-Debt Chart

The Bank of Nagoya Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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2.11

1.45

1.21

1.30

1.42

The Bank of Nagoya 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															1.30	1.70	1.77	1.83	1.42

Competitive Comparison of The Bank of Nagoya's Cash-to-Debt

For the Banks - Regional subindustry, The Bank of Nagoya'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.

The Bank of Nagoya's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, The Bank of Nagoya's Cash-to-Debt distribution charts can be found below:

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

The Bank of Nagoya Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

The Bank of Nagoya's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	557277	/	(0	+	392577)
	=	1.42

The Bank of Nagoya's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	674924	/	(0	+	368261)
	=	1.83

The Bank of Nagoya (TSE:8522) 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.

The Bank of Nagoya Cash-to-Debt Related Terms

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

The Bank of Nagoya (TSE:8522) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The Bank of Nagoya Ltd (TSE:8522) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

19-17 Nishiki 3-chome, Naka-ku, Nagoya, JPN, 460-0003

Website

http://www.meigin.com

The Bank of Nagoya Ltd is a Japanese regional bank with an operational presence primarily in Nagoya City and the greater Aichi Prefecture. The bank's reporting segments include banking, leasing, and a credit card business. The company's banking business involves loans and deposits, domestic and foreign exchange transactions, securities investments, trading of trading account securities, and the underwriting and registration of corporate bonds. Its leasing business involves mostly comprehensive finance leasing. A plurality of the bank's income comes from loans, followed by leasing.

The Bank of Nagoya (TSE:8522) Headlines

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