MEC Co (TSE:4971) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is MEC 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. MEC Co's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, MEC Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

TSE:4971' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.89 Med: 23.51 Max: No Debt
Current: No Debt

During the past 13 years, MEC Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.89. And the median was 23.51.

TSE:4971's Cash-to-Debt is ranked better than
99.8% of 1509 companies
in the Chemicals industry
Industry Median: 0.74 vs TSE:4971: No Debt

MEC Co Cash-to-Debt Historical Data

The historical data trend for MEC 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.

* Premium members only.

MEC Co Cash-to-Debt Chart

MEC Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

7.63

13.95

No Debt

MEC 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															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Specialty Chemicals subindustry, MEC 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.

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

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

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

MEC 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.

MEC Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

MEC Co had no debt ⁽¹⁾.

MEC Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

MEC Co had no debt ⁽¹⁾.

MEC Co (TSE:4971) 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.

MEC Co Cash-to-Debt Related Terms

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

MEC Co (TSE:4971) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » MEC Co Ltd (TSE:4971) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-4-1, Kuise Minamishimmachi, Hyogo, Amagasaki, JPN, 660-0822

Website

http://www.mec-co.com

MEC Co Ltd is a Japan-based chemical manufacturer. The company mainly develops, manufactures, and sells chemicals to produce printed circuit boards. Products offered by the company include dry film pretreatment, solar mask pretreatment, microetching, metal resist stripping, among others. Its products are used in automobile, smartphone, and computer. MEC also serves customers in Continental Asia, Europe, America's, India, The Middle-East, and North-Africa.

MEC Co (TSE:4971) Headlines

No Headlines

MEC Co (TSE:4971) Cash-to-Debt : No Debt (1) (As of Mar. 2024)