Renesas Electronics (TSE:6723) Cash-to-Debt : 0.68 (As of Dec. 2023)

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What is Renesas Electronics 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. Renesas Electronics's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.68.

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, Renesas Electronics 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 Renesas Electronics's Cash-to-Debt or its related term are showing as below:

TSE:6723' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 0.65 Max: 1.63
Current: 0.68

During the past 13 years, Renesas Electronics's highest Cash to Debt Ratio was 1.63. The lowest was 0.19. And the median was 0.65.

TSE:6723's Cash-to-Debt is ranked worse than
70.15% of 995 companies
in the Semiconductors industry
Industry Median: 1.8 vs TSE:6723: 0.68

Renesas Electronics Cash-to-Debt Historical Data

The historical data trend for Renesas Electronics'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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Renesas Electronics Cash-to-Debt Chart

Renesas Electronics Annual Data

Trend

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.19

0.32

0.27

0.45

0.68

Renesas Electronics 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															0.51	0.65	0.57	0.68	N/A

Competitive Comparison of Renesas Electronics's Cash-to-Debt

For the Semiconductors subindustry, Renesas Electronics'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.

Renesas Electronics's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Renesas Electronics's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Renesas Electronics's Cash-to-Debt falls into.

Renesas Electronics 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.

Renesas Electronics's Cash to Debt Ratio for the fiscal year 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)
	=	439341	/	(425312	+	225636)
	=	0.67

Renesas Electronics'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)
	=	439341	/	(425312	+	225636)
	=	0.67

Renesas Electronics (TSE:6723) 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.

Renesas Electronics Cash-to-Debt Related Terms

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

Renesas Electronics (TSE:6723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Renesas Electronics Corp (TSE:6723) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RNECY:USA RNECF:USA RNEC:Mexico NEN:Germany

Address

Toyosu Foresia, 3-2-24, Toyosu, Koto-ku, Tokyo, JPN, 135-0061

Website

http://www.renesas.com

Renesas Electronics Corp is a Japan-based company that manufactures and distributes semiconductor components and other products for use in automotive, healthcare, computer peripheral, connectivity, home appliance, and industrial end markets. Its product portfolio includes microcontrollers and microprocessors, embedded systems platform, insulated-gate bipolar transistors, intelligent power devices, thrysistors, transistors, diodes, analog integrated circuits, and optoelectronics products. The firm has operations in Japan, the Americas, Europe, Middle East and Africa, and Asia.

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