Maruichi Steel Tube (TSE:5463) Cash-to-Debt : 13.41 (As of Dec. 2023)

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What is Maruichi Steel Tube 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. Maruichi Steel Tube's cash to debt ratio for the quarter that ended in Dec. 2023 was 13.41.

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, Maruichi Steel Tube 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 Maruichi Steel Tube's Cash-to-Debt or its related term are showing as below:

TSE:5463' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.7 Med: 9.46 Max: 22.92
Current: 13.73

During the past 13 years, Maruichi Steel Tube's highest Cash to Debt Ratio was 22.92. The lowest was 3.70. And the median was 9.46.

TSE:5463's Cash-to-Debt is ranked better than
87.8% of 615 companies
in the Steel industry
Industry Median: 0.44 vs TSE:5463: 13.73

Maruichi Steel Tube Cash-to-Debt Historical Data

The historical data trend for Maruichi Steel Tube'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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Maruichi Steel Tube Cash-to-Debt Chart

Maruichi Steel Tube Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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13.91

11.54

22.92

10.89

13.73

Maruichi Steel Tube 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															10.89	11.58	14.57	13.41	13.73

Competitive Comparison of Maruichi Steel Tube's Cash-to-Debt

For the Steel subindustry, Maruichi Steel Tube'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.

Maruichi Steel Tube's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Maruichi Steel Tube's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Maruichi Steel Tube's Cash-to-Debt falls into.

Maruichi Steel Tube 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.

Maruichi Steel Tube'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)
	=	105374	/	(5449	+	2224)
	=	13.73

Maruichi Steel Tube'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)
	=	98450	/	(4909	+	2434)
	=	13.41

Maruichi Steel Tube (TSE:5463) 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.

Maruichi Steel Tube Cash-to-Debt Related Terms

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

Maruichi Steel Tube (TSE:5463) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Maruichi Steel Tube Ltd (TSE:5463) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

29th Floor, Nambaskyo, 1-60, 5, Chome, Namba, Chuo-ku, Osaka, JPN, 542-0076

Website

http://www.maruichikokan.co.jp

Maruichi Steel Tube Ltd is a Japan-based company that manufactures and sells steel tube and steel sheet coating. Japan, North America, and Asia excluding Japan are the three largest markets for the company. The company's product portfolio includes welded steel tubes, hot-dip galvanized steel sheet, lighting poles, and prepainted steel sheet. Its products are used in architecture, civil engineering, machinery, power generation plants, automobiles, motor cycles, medical equipment, fitness machines, office automation equipment, office and educational furniture, and others. It has plants across North America and Asia.

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