MISUMI Group (TSE:9962) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is MISUMI Group 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. MISUMI Group's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, MISUMI Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

TSE:9962' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.99 Med: 594.17 Max: No Debt
Current: 17.15

During the past 13 years, MISUMI Group's highest Cash to Debt Ratio was No Debt. The lowest was 3.99. And the median was 594.17.

TSE:9962's Cash-to-Debt is ranked better than
80.96% of 2999 companies
in the Industrial Products industry
Industry Median: 1.22 vs TSE:9962: 17.15

MISUMI Group Cash-to-Debt Historical Data

The historical data trend for MISUMI Group'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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MISUMI Group Cash-to-Debt Chart

MISUMI Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

9.95

17.74

15.16

15.56

MISUMI Group 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															No Debt	15.56	No Debt	No Debt	No Debt

Competitive Comparison of MISUMI Group's Cash-to-Debt

For the Tools & Accessories subindustry, MISUMI Group'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.

MISUMI Group's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, MISUMI Group's Cash-to-Debt distribution charts can be found below:

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

MISUMI Group 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.

MISUMI Group'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)
	=	119558	/	(2163	+	5521)
	=	15.56

MISUMI Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

MISUMI Group had no debt ⁽¹⁾.

MISUMI Group (TSE:9962) 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.

MISUMI Group Cash-to-Debt Related Terms

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MISUMI Group (TSE:9962) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MISUMI Group Inc (TSE:9962) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MSSMY:USA MSUXF:USA MS3:Germany

Address

Koraku 2-chome, Bunkyo-ku, Iidabashi First Buiding, 5-1, TOKYO, Japan, JPN, 112-8583

Website

http://www.misumi.co.jp

MISUMI Group Inc is a Japanese manufacturer of components and parts used in automation processes. The group's three main businesses offer standardised components for automated equipment used in factory automation, die and mold parts used in the production of automobiles and electronic devices, and third-party branded products. The products include shafts, set collars, springs, gears, actuators, optical measurement devices, connectors, switches, cables, transformers, bores, wires, calipers, diamond cutting tools, punches, button dies, retainers, ejector pins, and taper pins.

MISUMI Group (TSE:9962) Headlines

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MISUMI Group (TSE:9962) Cash-to-Debt : No Debt (1) (As of Dec. 2023)