Foster Electric Co (TSE:6794) Cash-to-Debt : 1.11 (As of Dec. 2023)

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What is Foster Electric 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. Foster Electric Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.11.

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

TSE:6794' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 1.07 Max: 4.53
Current: 1.11

During the past 13 years, Foster Electric Co's highest Cash to Debt Ratio was 4.53. The lowest was 0.28. And the median was 1.07.

TSE:6794's Cash-to-Debt is ranked worse than
55% of 2471 companies
in the Hardware industry
Industry Median: 1.38 vs TSE:6794: 1.11

Foster Electric Co Cash-to-Debt Historical Data

The historical data trend for Foster Electric 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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Foster Electric Co Cash-to-Debt Chart

Foster Electric Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

1.59

3.80

4.06

0.99

0.78

Foster Electric 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															0.62	0.78	1.02	1.25	1.11

Competitive Comparison of Foster Electric Co's Cash-to-Debt

For the Consumer Electronics subindustry, Foster Electric 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.

Foster Electric Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Foster Electric Co's Cash-to-Debt distribution charts can be found below:

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

Foster Electric 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.

Foster Electric 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)
	=	13646	/	(17456	+	0)
	=	0.78

Foster Electric 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)
	=	19083	/	(12686	+	4542)
	=	1.11

Foster Electric Co (TSE:6794) 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.

Foster Electric Co Cash-to-Debt Related Terms

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Foster Electric Co (TSE:6794) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Foster Electric Co Ltd (TSE:6794) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-109, Tsutsujigaoka, Akishima City, Tokyo, JPN, 196-8550

Website

http://www.foster.co.jp

Foster Electric is a Japan-based company that conducts operation through four segments. The information and communication components and products segment produces and sells headsets and small speakers for mobile phones and commercial microphones, and this segment contributes around half of total revenue. The automotive components and products segment produces car speakers and car speaker systems. The acoustic components and products segment offers speakers and speaker systems for audio devices and TVs, amplifier built-in speakers, headphones, and others. The other segment offers Fostex brand products, micro acoustic components, and logistics services. The company has manufacturing bases in various countries, such as China, Vietnam, South Korea, Indonesia, and elsewhere.

Foster Electric Co (TSE:6794) Headlines

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