Murata Manufacturing Co (TSE:6981) Cash-to-Debt : 6.06 (As of Mar. 2024)

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What is Murata Manufacturing 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. Murata Manufacturing Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 6.06.

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, Murata Manufacturing Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Murata Manufacturing Co's Cash-to-Debt or its related term are showing as below:

TSE:6981' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.45 Med: 3.39 Max: 541.59
Current: 3.43

During the past 13 years, Murata Manufacturing Co's highest Cash to Debt Ratio was 541.59. The lowest was 1.45. And the median was 3.39.

TSE:6981's Cash-to-Debt is ranked better than
66.41% of 2471 companies
in the Hardware industry
Industry Median: 1.38 vs TSE:6981: 3.43

Murata Manufacturing Co Cash-to-Debt Historical Data

The historical data trend for Murata Manufacturing 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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Murata Manufacturing Co Cash-to-Debt Chart

Murata Manufacturing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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1.64

2.47

3.98

3.27

6.06

Murata Manufacturing Co 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															3.27	2.98	3.49	3.43	6.06

Competitive Comparison of Murata Manufacturing Co's Cash-to-Debt

For the Electronic Components subindustry, Murata Manufacturing 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.

Murata Manufacturing Co's Cash-to-Debt Distribution in the Hardware Industry

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

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

Murata Manufacturing 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.

Murata Manufacturing Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	641539	/	(59656	+	46284)
	=	6.06

Murata Manufacturing Co's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	641539	/	(59656	+	46284)
	=	6.06

Murata Manufacturing Co (TSE:6981) 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.

Murata Manufacturing Co Cash-to-Debt Related Terms

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Murata Manufacturing Co (TSE:6981) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Murata Manufacturing Co Ltd (TSE:6981) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MRAAY:USA MRAAF:USA MUR1:Germany

Address

No. 10 No. 1 Yubinbango, Nagaokakyo, 1-chome, Kyoto Higashikotari, Nagaokakyo, JPN, 617-8555

Website

http://www.murata.co.jp

Murata Manufacturing produces passive components for electronic devices. Passive components are necessary for all electronic circuits, used to enable wireless communication, store electricity and handle electric flow, remove electromagnetic noise from circuits, and so on. Thus, passive components are imperative for electronic circuits. For instance, one high-end smartphone contains more than 1,000 passive components. Murata Manufacturing is the global top passive components supplier with 40% market share on MLCC and SAW filters.

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