Mitsuboshi Belting (TSE:5192) Cash-to-Debt : 4.76 (As of Dec. 2023)

View and export this data going back to 1962. Start your Free Trial

What is Mitsuboshi Belting 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. Mitsuboshi Belting's cash to debt ratio for the quarter that ended in Dec. 2023 was 4.76.

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

TSE:5192' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.62 Med: 4.42 Max: 9.19
Current: 4.76

During the past 13 years, Mitsuboshi Belting's highest Cash to Debt Ratio was 9.19. The lowest was 1.62. And the median was 4.42.

TSE:5192's Cash-to-Debt is ranked better than
71.25% of 3002 companies
in the Industrial Products industry
Industry Median: 1.185 vs TSE:5192: 4.76

Mitsuboshi Belting Cash-to-Debt Historical Data

The historical data trend for Mitsuboshi Belting'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.

Mitsuboshi Belting Cash-to-Debt Chart

Mitsuboshi Belting Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

4.18

4.34

6.72

8.41

4.29

Mitsuboshi Belting 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															8.55	4.29	4.50	4.95	4.76

Competitive Comparison of Mitsuboshi Belting's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Mitsuboshi Belting'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.

Mitsuboshi Belting's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Mitsuboshi Belting 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.

Mitsuboshi Belting'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)
	=	35307	/	(4229	+	4000)
	=	4.29

Mitsuboshi Belting'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)
	=	32292	/	(3528	+	3250)
	=	4.76

Mitsuboshi Belting (TSE:5192) 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.

Mitsuboshi Belting Cash-to-Debt Related Terms

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

Mitsuboshi Belting (TSE:5192) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsuboshi Belting Ltd (TSE:5192) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 - 1 21 Hamazoe dori, Nagata ku, Hyogo-ken, JPN, 6530024

Website

http://www.mitsuboshi.co.jp

Mitsuboshi Belting Ltd is involved in the business of Power transmission belts and related products, Conveyor belts and systems and related products, Engineering plastics, Engineering structural foam, Waterproofing and Watershielding sheet, Metal nanoparticle related products. Its products include automobile and motorcycle transmission belts, general industrial transmission belts, pulleys, conveyer belts, systems, engineering plastic materials and processed products, waterproofing materials for construction etc.

Mitsuboshi Belting (TSE:5192) Headlines

No Headlines