Ariake Japan Co (Ariake Japan Co) Cash-to-Debt : 1,784.66 (As of Dec. 2023)

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What is Ariake Japan 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. Ariake Japan Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1,784.66.

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

AKEJF' s Cash-to-Debt Range Over the Past 10 Years
Min: 12.38 Med: 838.84 Max: 14615.78
Current: 1786.56

During the past 13 years, Ariake Japan Co's highest Cash to Debt Ratio was 14615.78. The lowest was 12.38. And the median was 838.84.

AKEJF's Cash-to-Debt is ranked better than
95.09% of 1852 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs AKEJF: 1786.56

Ariake Japan Co Cash-to-Debt Historical Data

The historical data trend for Ariake Japan 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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Ariake Japan Co Cash-to-Debt Chart

Ariake Japan Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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1,138.66

3,047.50

14,617.32

1,512.04

1,653.39

Ariake Japan 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															1,722.00	1,653.39	1,721.38	1,814.43	1,784.66

Competitive Comparison of Ariake Japan Co's Cash-to-Debt

For the Packaged Foods subindustry, Ariake Japan 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.

Ariake Japan Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ariake Japan Co's Cash-to-Debt distribution charts can be found below:

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

Ariake Japan 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.

Ariake Japan 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)
	=	424.921	/	(0.061	+	0.196)
	=	1,653.39

Ariake Japan 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)
	=	351.577	/	(0.05	+	0.147)
	=	1,784.65

Ariake Japan Co (OTCPK:AKEJF) 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.

Ariake Japan Co Cash-to-Debt Related Terms

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Ariake Japan Co (Ariake Japan Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ariake Japan Co Ltd (OTCPK:AKEJF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

2815:Japan

Address

3-2-17 Ebisu-Minami, Shibuya-ku, Tokyo, JPN, 150-0022

Website

http://www.ariakejapan.com

Ariake Japan Co Ltd is engaged in manufacturing, processing, and sale of natural seasonings, marine products, as well as agricultural and livestock products. The company also provides technical guidance related to its products and manages restaurants. The products are categorized into different uses including products for instant noodle manufacturers such as soup bases; products for hotels and restaurants such as sauces and soup stock; products for food processing companies such as curries, ham, and sausages; and products for export. The company primarily operates in Japan and also owns manufacturing sites in multiple countries such as China, the U.S., Netherlands, France, and Belgium.

Ariake Japan Co (Ariake Japan Co) Headlines

From GuruFocus

Matthews Japan Fund Comments on Ariake Japan

By Holly LaFon Holly LaFon • 05-08-2019