Nichiban Co (TSE:4218) Cash-to-Debt : 5.89 (As of Dec. 2023)

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What is Nichiban 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. Nichiban Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 5.89.

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

TSE:4218' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.38 Med: 5 Max: 6.96
Current: 6.28

During the past 13 years, Nichiban Co's highest Cash to Debt Ratio was 6.96. The lowest was 3.38. And the median was 5.00.

TSE:4218's Cash-to-Debt is ranked better than
73.82% of 3006 companies
in the Industrial Products industry
Industry Median: 1.19 vs TSE:4218: 6.28

Nichiban Co Cash-to-Debt Historical Data

The historical data trend for Nichiban 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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Nichiban Co Cash-to-Debt Chart

Nichiban Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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5.33

5.63

5.21

6.96

6.28

Nichiban 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															6.96	7.48	6.64	5.89	6.28

Competitive Comparison of Nichiban Co's Cash-to-Debt

For the Business Equipment & Supplies subindustry, Nichiban 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.

Nichiban Co's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Nichiban 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.

Nichiban 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)
	=	13405	/	(52	+	2082)
	=	6.28

Nichiban 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)
	=	11782	/	(0	+	2000)
	=	5.89

Nichiban Co (TSE:4218) 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.

Nichiban Co Cash-to-Debt Related Terms

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Nichiban Co (TSE:4218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nichiban Co Ltd (TSE:4218) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-3-3, Sekiguchi, Bunkyo-ku, Tokyo, JPN, 112-8663

Website

http://www.nichiban.co.jp

Nichiban Co Ltd is a Japan based company engaged in the business of manufacturing and selling products in the field of medical supplies, healthcare, industrial products and industrial products. It offers hemostatic solutions, wound care dressing and surgical tapes, industrial products for manufacturing and distribution and automotive industry, stationery products, TDS pharmaceutical pain relief plaster and foot care products, sports medical battlewin taping tape and first aid bandage.

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