Kobe Electric Railway Co (TSE:9046) Cash-to-Debt : 0.03 (As of Dec. 2023)

View and export this data going back to 1949. Start your Free Trial

What is Kobe Electric Railway 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. Kobe Electric Railway Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.03.

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, Kobe Electric Railway 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 Kobe Electric Railway Co's Cash-to-Debt or its related term are showing as below:

TSE:9046' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.03
Current: 0.03

During the past 13 years, Kobe Electric Railway Co's highest Cash to Debt Ratio was 0.03. The lowest was 0.01. And the median was 0.02.

TSE:9046's Cash-to-Debt is ranked worse than
95.46% of 969 companies
in the Transportation industry
Industry Median: 0.49 vs TSE:9046: 0.03

Kobe Electric Railway Co Cash-to-Debt Historical Data

The historical data trend for Kobe Electric Railway 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.

* Premium members only.

Kobe Electric Railway Co Cash-to-Debt Chart

Kobe Electric Railway Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.02

0.03

Kobe Electric Railway Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.03	0.03	0.02	0.03	0.03

Competitive Comparison of Kobe Electric Railway Co's Cash-to-Debt

For the Railroads subindustry, Kobe Electric Railway 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.

Kobe Electric Railway Co's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Kobe Electric Railway Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kobe Electric Railway Co's Cash-to-Debt falls into.

Kobe Electric Railway 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.

Kobe Electric Railway Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	1443	/	(18463	+	38686)
	=	0.03

Kobe Electric Railway 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)
	=	1516	/	(17059	+	37923)
	=	0.03

Kobe Electric Railway Co (TSE:9046) 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.

Kobe Electric Railway Co Cash-to-Debt Related Terms

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

Kobe Electric Railway Co (TSE:9046) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kobe Electric Railway Co Ltd (TSE:9046) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-chome, Hyogo-ku, Kobe, JPN

Website

http://www.shintetsu.co.jp

Kobe Electric Railway Co Ltd operates as a railway company in Japan. Principally, it is also involved in the sale, lease, and brokerage of land buildings and other real estate properties. The company is also engaged in the management of rental building, and parking lot, long-term care and child care services. In addition, it also offers services related to the swimming school management.

Kobe Electric Railway Co (TSE:9046) Headlines

No Headlines