Nitori Holdings Co (TSE:9843) Cash-to-Debt : 0.81 (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

What is Nitori 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. Nitori Holdings Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.81.

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, Nitori Holdings Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSE:9843' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.81 Med: 5.14 Max: 75.78
Current: 0.81

During the past 13 years, Nitori Holdings Co's highest Cash to Debt Ratio was 75.78. The lowest was 0.81. And the median was 5.14.

TSE:9843's Cash-to-Debt is ranked worse than
52.14% of 420 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.94 vs TSE:9843: 0.81

Nitori Holdings Co Cash-to-Debt Historical Data

The historical data trend for Nitori 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.

* Premium members only.

Nitori Holdings Co Cash-to-Debt Chart

Nitori Holdings Co Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Cash-to-Debt

Get a 7-Day Free Trial

5.14

9.47

10.57

2.86

1.41

Nitori Holdings Co Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.25	0.92	0.96	1.08	0.81

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

For the Furnishings, Fixtures & Appliances subindustry, Nitori 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.

Nitori Holdings Co's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nitori Holdings Co's Cash-to-Debt distribution charts can be found below:

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

Nitori 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.

Nitori Holdings Co's Cash to Debt Ratio for the fiscal year that ended in Feb. 2022 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)
	=	130435	/	(36731	+	56003)
	=	1.41

Nitori 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)
	=	129605	/	(118989	+	40188)
	=	0.81

Nitori Holdings Co (TSE:9843) 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.

Nitori Holdings Co Cash-to-Debt Related Terms

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

Nitori Holdings Co (TSE:9843) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nitori Holdings Co Ltd (TSE:9843) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NCLTY:USA NCLTF:USA

Address

6-20, Kamiya 3-chome, Kita-ku, Tokyo, JPN, 115-0043

Website

http://www.nitorihd.co.jp

Nitori Holdings Co Ltd is a Japanese holding company engaged in the sale of furniture and interior goods. It primarily operates home furnishing and fashion stores, along with other ventures such as the Nitori Mall and Corporate Enterprise, which focuses on corporate customers. It conducts these operations and more through its subsidiaries. The firm's products include bedding, curtains, cookware, tableware, tables, desks, and sofas. Nitori's operations are divided among manufacturing, trading company and logistics (which deals with imports and distribution centers), sales, and advertisement and publicity. Aside from its presence across Japan, the company operates in California, China, Huizhou, Indonesia, Shanghai, and Vietnam.

Nitori Holdings Co (TSE:9843) Headlines

No Headlines