Takara Holdings (STU:TAX) Cash-to-Debt : 2.11 (As of Dec. 2023)

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What is Takara Holdings 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. Takara Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.11.

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

STU:TAX' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.16 Med: 1.6 Max: 2.2
Current: 2.11

During the past 13 years, Takara Holdings's highest Cash to Debt Ratio was 2.20. The lowest was 1.16. And the median was 1.60.

STU:TAX's Cash-to-Debt is ranked better than
66.67% of 210 companies
in the Beverages - Alcoholic industry
Industry Median: 0.565 vs STU:TAX: 2.11

Takara Holdings Cash-to-Debt Historical Data

The historical data trend for Takara Holdings'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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Takara Holdings Cash-to-Debt Chart

Takara Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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1.61

1.41

1.54

1.50

2.17

Takara Holdings 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															1.83	2.17	2.19	2.20	2.11

Competitive Comparison of Takara Holdings's Cash-to-Debt

For the Beverages - Brewers subindustry, Takara Holdings'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.

Takara Holdings's Cash-to-Debt Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Takara Holdings's Cash-to-Debt distribution charts can be found below:

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

Takara Holdings 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.

Takara Holdings'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)
	=	676.545	/	(34.372	+	276.977)
	=	2.17

Takara Holdings'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)
	=	543.794	/	(95.781	+	162.126)
	=	2.11

Takara Holdings (STU:TAX) 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.

Takara Holdings Cash-to-Debt Related Terms

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Takara Holdings (STU:TAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Takara Holdings Inc (STU:TAX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

2531:Japan

Address

20 Naginataboko-cho, Shijo-dori Karasuma Higashi-iru, Shimogyo-ku, Kyoto, JPN, 600-8688

Website

http://www.takara.co.jp

Takara Holdings Inc operates three businesses: Alcoholic Beverages and Seasonings, Biomedical, and Health Foods. Roughly 80% of the company's sales come from Japan. The Alcoholic Beverages and Seasonings business, which manufactures shochu, sake, light-alcohol refreshers, seasonings, and raw alcohol, generates the vast majority of the company's revenue. Most remaining revenue comes from the biomedical business, which primarily manufactures and sells reagents and other instruments for biomedical researchers but also provides contract research services and develops health food ingredients. Takara's foods business develops and sells health food products that are largely based on seaweed, algae, and herbs.

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