Koatsu Gas Kogyo Co (TSE:4097) Cash-to-Debt : 2.40 (As of Dec. 2023)

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What is Koatsu Gas 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. Koatsu Gas Kogyo Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.40.

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, Koatsu Gas Kogyo 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 Koatsu Gas Kogyo Co's Cash-to-Debt or its related term are showing as below:

TSE:4097' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.54 Med: 3.79 Max: 4.82
Current: 2.54

During the past 13 years, Koatsu Gas Kogyo Co's highest Cash to Debt Ratio was 4.82. The lowest was 2.54. And the median was 3.79.

TSE:4097's Cash-to-Debt is ranked better than
70.2% of 1490 companies
in the Chemicals industry
Industry Median: 0.74 vs TSE:4097: 2.54

Koatsu Gas Kogyo Co Cash-to-Debt Historical Data

The historical data trend for Koatsu Gas 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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Koatsu Gas Kogyo Co Cash-to-Debt Chart

Koatsu Gas Kogyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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4.70

4.76

4.03

2.61

2.54

Koatsu Gas Kogyo Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															2.61	2.62	2.49	2.40	2.54

Competitive Comparison of Koatsu Gas Kogyo Co's Cash-to-Debt

For the Chemicals subindustry, Koatsu Gas 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.

Koatsu Gas Kogyo Co's Cash-to-Debt Distribution in the Chemicals Industry

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

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

Koatsu Gas 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.

Koatsu Gas Kogyo Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	29219	/	(1394	+	10122)
	=	2.54

Koatsu Gas Kogyo 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)
	=	27665	/	(1401	+	10146)
	=	2.40

Koatsu Gas Kogyo Co (TSE:4097) 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.

Koatsu Gas Kogyo Co Cash-to-Debt Related Terms

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

Koatsu Gas Kogyo Co (TSE:4097) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Koatsu Gas Kogyo Co Ltd (TSE:4097) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-5, Doyama-cho, Kita-ku, Osaka, JPN, 530-8411

Website

http://www.koatsugas.co.jp

Koatsu Gas Kogyo Co., Ltd. is engaged in the production and distribution of industrial gases and chemical products. It has three operating business divisions: Gas, Chemical Products and Information Systems. The company supplies various types of gases to a broad range of industrial sectors, from living-related industries to the medical industry. Its chemical products offering includes adhesives, a synthetic resin emulsion, cyanon, special resin and a nonwoven shock-absorbing material. The company offers information systems, such as LSI cards and reader-writers for various industrial fields, such as construction, civil engineering, transportation, and production equipment; and GNSS receiver modules.

Koatsu Gas Kogyo Co (TSE:4097) Headlines

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