Shimadzu (TSE:7701) Cash-to-Debt : 12.12 (As of Dec. 2023)

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What is Shimadzu 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. Shimadzu's cash to debt ratio for the quarter that ended in Dec. 2023 was 12.12.

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

TSE:7701' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.82 Med: 3.56 Max: 15.09
Current: 12.12

During the past 13 years, Shimadzu's highest Cash to Debt Ratio was 15.09. The lowest was 0.82. And the median was 3.56.

TSE:7701's Cash-to-Debt is ranked better than
79.6% of 2471 companies
in the Hardware industry
Industry Median: 1.38 vs TSE:7701: 12.12

Shimadzu Cash-to-Debt Historical Data

The historical data trend for Shimadzu'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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Shimadzu Cash-to-Debt Chart

Shimadzu Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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3.50

9.29

11.00

13.63

14.14

Shimadzu 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															12.79	14.14	12.15	13.03	12.12

Competitive Comparison of Shimadzu's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Shimadzu'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.

Shimadzu's Cash-to-Debt Distribution in the Hardware Industry

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

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

Shimadzu 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.

Shimadzu'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)
	=	159272	/	(4637	+	6631)
	=	14.13

Shimadzu'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)
	=	143857	/	(4868	+	6998)
	=	12.12

Shimadzu (TSE:7701) 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.

Shimadzu Cash-to-Debt Related Terms

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

Shimadzu (TSE:7701) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shimadzu Corp (TSE:7701) » Definitions » Cash-to-Debt

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SHMZF:USA

Address

1, Nishinokyo-Kuwabara-cho, Nakagyo-ku, Kyoto, JPN, 604-8511

Website

http://www.shimadzu.com

Shimadzu Corp manufactures scientific instruments. The firm operates in four segments: analytical and measuring instruments, medical systems, aircraft equipment, and industrial machinery. The analytical and measuring instruments segment produces chromatograph mass spectrometers, surface analyzers, and environmental measurement instruments for the pharmaceutical, chemical, and life science industries. The medical systems segment provides diagnostic imaging equipment for hospitals and medical offices. The aircraft equipment segment sells air-conditioning systems, flight control systems, and displays. The industrial machinery segment sells products to major manufacturing equipment makers, including hydraulic equipment. The majority of Shimadzu's revenue is generated in Japan.

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