Makino Milling Machine Co (TSE:6135) Cash-to-Debt : 1.20 (As of Dec. 2023)

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What is Makino Milling Machine 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. Makino Milling Machine Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.20.

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

TSE:6135' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.69 Med: 1.27 Max: 1.49
Current: 1.27

During the past 13 years, Makino Milling Machine Co's highest Cash to Debt Ratio was 1.49. The lowest was 0.69. And the median was 1.27.

TSE:6135's Cash-to-Debt is ranked better than
51.07% of 3000 companies
in the Industrial Products industry
Industry Median: 1.18 vs TSE:6135: 1.27

Makino Milling Machine Co Cash-to-Debt Historical Data

The historical data trend for Makino Milling Machine 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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Makino Milling Machine Co Cash-to-Debt Chart

Makino Milling Machine Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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1.14

1.32

1.49

1.27

Makino Milling Machine 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															1.27	1.34	1.29	1.20	1.27

Competitive Comparison of Makino Milling Machine Co's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Makino Milling Machine 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.

Makino Milling Machine Co's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Makino Milling Machine 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.

Makino Milling Machine 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)
	=	72801	/	(9312	+	48033)
	=	1.27

Makino Milling Machine 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)
	=	67942	/	(8809	+	47980)
	=	1.20

Makino Milling Machine Co (TSE:6135) 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.

Makino Milling Machine Co Cash-to-Debt Related Terms

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Makino Milling Machine Co (TSE:6135) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Makino Milling Machine Co Ltd (TSE:6135) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MKMLF:USA

Address

3-19 Nakane 2-chome, Meguro-ku, Tokyo, JPN, 152-8578

Website

http://www.makino.co.jp

Makino Milling Machine Co., Ltd. is a software and engineering service provider offering machine tool builders. The company manufactures, sells and exports machines. It primarily offers numeric control (NC) electrical discharge machines, NC milling machines, milling machines, computer-aided design (CAD) computer-aided manufacturing (CAM) systems, and other products. Its product application is spread into various industries such as automotive, aerospace, general machining, medical and construction. The firm also engages in the business of equipment financing.

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