Kawasaki Setsubi Kogyo Co (NGO:1777) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Kawasaki Setsubi Kogyo 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. Kawasaki Setsubi Kogyo Co'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, Kawasaki Setsubi Kogyo Co 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 Kawasaki Setsubi Kogyo Co's Cash-to-Debt or its related term are showing as below:

NGO:1777' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 6.19 Max: No Debt
Current: 8.35

During the past 13 years, Kawasaki Setsubi Kogyo Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.20. And the median was 6.19.

NGO:1777's Cash-to-Debt is ranked better than
76% of 2996 companies
in the Industrial Products industry
Industry Median: 1.23 vs NGO:1777: 8.35

Kawasaki Setsubi Kogyo Co Cash-to-Debt Historical Data

The historical data trend for Kawasaki Setsubi Kogyo 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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Kawasaki Setsubi Kogyo Co Cash-to-Debt Chart

Kawasaki Setsubi Kogyo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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6.24

6.15

10.02

11.54

10.71

Kawasaki Setsubi Kogyo 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															No Debt	10.71	No Debt	No Debt	No Debt

Competitive Comparison of Kawasaki Setsubi Kogyo Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Kawasaki Setsubi Kogyo 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.

Kawasaki Setsubi Kogyo Co's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kawasaki Setsubi Kogyo Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kawasaki Setsubi Kogyo Co's Cash-to-Debt falls into.

Kawasaki Setsubi Kogyo 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.

Kawasaki Setsubi Kogyo 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)
	=	5482	/	(164	+	348)
	=	10.71

Kawasaki Setsubi Kogyo Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Kawasaki Setsubi Kogyo Co had no debt ⁽¹⁾.

Kawasaki Setsubi Kogyo Co (NGO:1777) 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.

Kawasaki Setsubi Kogyo Co Cash-to-Debt Related Terms

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

Kawasaki Setsubi Kogyo Co (NGO:1777) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kawasaki Setsubi Kogyo Co Ltd (NGO:1777) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-28-4 Sendagaya, Shibuya-ku, Tokyo, JPN

Website

http://kawasaki-sk.co.jp

Kawasaki Setsubi Kogyo Co Ltd is a Japan based design and construction company. It is engaged in the design and construction of electrical, environmental pollution control plant facilities and disaster prevention, health and water supply and drainage, heating and cooling ventilation air-conditioning. The company also provides maintenance services.

Kawasaki Setsubi Kogyo Co (NGO:1777) Headlines

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Kawasaki Setsubi Kogyo Co (NGO:1777) Cash-to-Debt : No Debt (1) (As of Dec. 2023)