Toho Holdings Co (TSE:8129) Cash-to-Debt : 3.55 (As of Dec. 2023)

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What is Toho Holdings 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. Toho Holdings Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.55.

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

TSE:8129' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.54 Med: 2.16 Max: 3.72
Current: 3.55

During the past 13 years, Toho Holdings Co's highest Cash to Debt Ratio was 3.72. The lowest was 0.54. And the median was 2.16.

TSE:8129's Cash-to-Debt is ranked better than
69.07% of 97 companies
in the Medical Distribution industry
Industry Median: 0.87 vs TSE:8129: 3.55

Toho Holdings Co Cash-to-Debt Historical Data

The historical data trend for Toho Holdings 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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Toho Holdings Co Cash-to-Debt Chart

Toho Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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2.10

1.88

2.12

2.31

2.28

Toho Holdings 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															3.05	2.28	2.46	3.72	3.55

Competitive Comparison of Toho Holdings Co's Cash-to-Debt

For the Medical Distribution subindustry, Toho Holdings 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.

Toho Holdings Co's Cash-to-Debt Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Toho Holdings Co's Cash-to-Debt distribution charts can be found below:

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

Toho Holdings 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.

Toho Holdings 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)
	=	86201	/	(30393	+	7495)
	=	2.28

Toho Holdings 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)
	=	128878	/	(8059	+	28282)
	=	3.55

Toho Holdings Co (TSE:8129) 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.

Toho Holdings Co Cash-to-Debt Related Terms

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

Toho Holdings Co (TSE:8129) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Toho Holdings Co Ltd (TSE:8129) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-2-1, Daizawa, Setagaya-ku, Tokyo, JPN, 155-8655

Website

http://www.tohohd.co.jp

Toho Holdings Co., Ltd. is a specialty and generic drug manufacturing company. The company's business includes pharmaceutical wholesaling and pharmacy dispensing. Toho also maintains a site-management organization business that assists a variety of medical establishments, ranging from large medical institutions to private clinics with a wide range of clinical trials under contract. The company supports medical institutions suitable for respective trials to improve the quality and speed of clinical trials. Toho generates additional revenue through software sales to medical institutions.

Toho Holdings Co (TSE:8129) Headlines

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