Kobe Bussan Co (TSE:3038) Cash-to-Debt : 2.31 (As of Jan. 2024)

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What is Kobe Bussan 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. Kobe Bussan Co's cash to debt ratio for the quarter that ended in Jan. 2024 was 2.31.

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, Kobe Bussan Co could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TSE:3038' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.65 Med: 1.05 Max: 2.42
Current: 2.31

During the past 13 years, Kobe Bussan Co's highest Cash to Debt Ratio was 2.42. The lowest was 0.65. And the median was 1.05.

TSE:3038's Cash-to-Debt is ranked better than
77.23% of 303 companies
in the Retail - Defensive industry
Industry Median: 0.44 vs TSE:3038: 2.31

Kobe Bussan Co Cash-to-Debt Historical Data

The historical data trend for Kobe Bussan 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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Kobe Bussan Co Cash-to-Debt Chart

Kobe Bussan Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

Get a 7-Day Free Trial

1.21

1.42

1.67

2.00

2.42

Kobe Bussan Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															1.59	1.97	2.07	2.42	2.31

Competitive Comparison of Kobe Bussan Co's Cash-to-Debt

For the Grocery Stores subindustry, Kobe Bussan 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.

Kobe Bussan Co's Cash-to-Debt Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Kobe Bussan Co's Cash-to-Debt distribution charts can be found below:

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

Kobe Bussan 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.

Kobe Bussan Co's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	92590	/	(1319	+	37001)
	=	2.42

Kobe Bussan Co's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	87559	/	(1005	+	36846)
	=	2.31

Kobe Bussan Co (TSE:3038) 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.

Kobe Bussan Co Cash-to-Debt Related Terms

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Kobe Bussan Co (TSE:3038) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Kobe Bussan Co Ltd (TSE:3038) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

59G:Germany

Address

883 Nakaishiki Inami-cho, Hyogo-ken, Kako-gun, JPN, 675-1127

Website

http://www.kobebussan.co.jp

Kobe Bussan Co.,Ltd. is a Japan-based company that operates through four business divisions. The Gyomu Super business, accounting for the majority of the company's revenue, is primarily in engaged in franchising supermarkets that provide merchandise produced at the company's own factories or imported from overseas. The Kobe Cook business operates through several formats, including Kobe Cook World Buffet stores, which are buffet-style restaurants; Green's K stores, which are small supermarkets offering ready-made meals; and Green's K Teppan Buffet stores, which are restaurants featuring a blend of buffet and self-cooking. The Kobe Cook Innoventure business is operated to promote restaurant business and offer food materials. The company also operates the Eco Renewable Energy business.

Kobe Bussan Co (TSE:3038) Headlines

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