Mitsui High-tec (TSE:6966) Cash-to-Debt : 0.63 (As of Jan. 2024)

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What is Mitsui High-tec 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. Mitsui High-tec's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.63.

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, Mitsui High-tec couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

The historical rank and industry rank for Mitsui High-tec's Cash-to-Debt or its related term are showing as below:

TSE:6966' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.5 Med: 0.69 Max: No Debt
Current: 0.63

During the past 13 years, Mitsui High-tec's highest Cash to Debt Ratio was No Debt. The lowest was 0.50. And the median was 0.69.

TSE:6966's Cash-to-Debt is ranked worse than
71.39% of 996 companies
in the Semiconductors industry
Industry Median: 1.81 vs TSE:6966: 0.63

Mitsui High-tec Cash-to-Debt Historical Data

The historical data trend for Mitsui High-tec'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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Mitsui High-tec Cash-to-Debt Chart

Mitsui High-tec Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

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0.58

0.50

0.64

0.67

0.63

Mitsui High-tec Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.67	0.69	0.77	0.82	0.63

Competitive Comparison of Mitsui High-tec's Cash-to-Debt

For the Semiconductors subindustry, Mitsui High-tec'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.

Mitsui High-tec's Cash-to-Debt Distribution in the Semiconductors Industry

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

* The bar in red indicates where Mitsui High-tec's Cash-to-Debt falls into.

Mitsui High-tec 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.

Mitsui High-tec's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	39248	/	(13607	+	48871)
	=	0.63

Mitsui High-tec's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	39248	/	(13607	+	48871)
	=	0.63

Mitsui High-tec (TSE:6966) 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.

Mitsui High-tec Cash-to-Debt Related Terms

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

Mitsui High-tec (TSE:6966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Mitsui High-tec Inc (TSE:6966) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

6966:Japan

Address

2-10-1,Komine, Yahatanishi-ku, Kitakyushu, JPN, 807-8588

Website

http://www.mitsui-high-tec.com

Mitsui High-tec Inc manufactures and sells lead frame, motor core, precision tooling and machine tools in Japan. Its precision tooling/precision parts products include motor core dies, lead frame dies, mold dies, trim and form dies, and other type of stamping tools used in motor cores and IC lead frames, electric motor cores, automobile components, coins, and resin injection molding. It also provides open lead frames for semiconductor packages; and motor parts.

Mitsui High-tec (TSE:6966) Headlines

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