Nippon Soda Co (TSE:4041) Cash-to-Debt : 0.43 (As of Dec. 2023)

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What is Nippon Soda 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. Nippon Soda Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.43.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Nippon Soda Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSE:4041' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.54 Max: 0.9
Current: 0.43

During the past 13 years, Nippon Soda Co's highest Cash to Debt Ratio was 0.90. The lowest was 0.23. And the median was 0.54.

TSE:4041's Cash-to-Debt is ranked worse than
62.35% of 1551 companies
in the Chemicals industry
Industry Median: 0.73 vs TSE:4041: 0.43

Nippon Soda Co Cash-to-Debt Historical Data

The historical data trend for Nippon Soda 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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Nippon Soda Co Cash-to-Debt Chart

Nippon Soda Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.64

0.62

0.51

0.46

0.57

Nippon Soda 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															0.39	0.57	0.55	0.58	0.43

Competitive Comparison of Nippon Soda Co's Cash-to-Debt

For the Chemicals subindustry, Nippon Soda 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.

Nippon Soda Co's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nippon Soda Co's Cash-to-Debt distribution charts can be found below:

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

Nippon Soda 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.

Nippon Soda 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)
	=	18506	/	(15395	+	16943)
	=	0.57

Nippon Soda 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)
	=	19855	/	(21495	+	24325)
	=	0.43

Nippon Soda Co (TSE:4041) 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.

Nippon Soda Co Cash-to-Debt Related Terms

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Nippon Soda Co (TSE:4041) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nippon Soda Co Ltd (TSE:4041) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-2-1, Ohtemachi, Chiyoda-ku, Tokyo, JPN, 100-8165

Website

https://www.nippon-soda.co.jp

Nippon Soda manufactures and sells chemical products and operates in three major and three minor segments. The chemicals segment sells caustic soda, sodium derivatives, and specialty chemicals, which are used to make household cleaning products and pharmaceuticals. The agrochemicals segment sells pesticides, fungicides, and herbicides to the agricultural industry. The trading segment offers chemicals, synthetic resins, and industrial machineries and devices. The company generates additional revenue from its minor segments: transportation, warehousing, and construction services. These segments are engaged in the transportation and warehousing of chemical products, as well as in plant construction and civil engineering services.

Nippon Soda Co (TSE:4041) Headlines

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