Kitagawa (TSE:6317) Cash-to-Debt : 0.57 (As of Dec. 2023)

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What is Kitagawa 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. Kitagawa's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.57.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Kitagawa couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSE:6317' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: 0.64 Max: 0.87
Current: 0.57

During the past 13 years, Kitagawa's highest Cash to Debt Ratio was 0.87. The lowest was 0.33. And the median was 0.64.

TSE:6317's Cash-to-Debt is ranked worse than
65.22% of 2996 companies
in the Industrial Products industry
Industry Median: 1.23 vs TSE:6317: 0.57

Kitagawa Cash-to-Debt Historical Data

The historical data trend for Kitagawa'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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Kitagawa Cash-to-Debt Chart

Kitagawa Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.65

0.87

0.80

0.66

0.61

Kitagawa 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															0.57	0.61	0.63	0.52	0.57

Competitive Comparison of Kitagawa's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Kitagawa'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.

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

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

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

Kitagawa 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.

Kitagawa'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)
	=	8413	/	(6222	+	7598)
	=	0.61

Kitagawa'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)
	=	9906	/	(9834	+	7518)
	=	0.57

Kitagawa (TSE:6317) 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.

Kitagawa Cash-to-Debt Related Terms

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

Kitagawa (TSE:6317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kitagawa Corp (TSE:6317) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

77-1 Motomachi, Fuchu-shi, Hiroshima, JPN, 726-8610

Website

https://www.kitagawa.com

Kitagawa Corp is the diversified machinery manufacturing company based in Japan. It is specialised in three core businesses: the production and development of casting and machining techniques of metal raw materials; supplying power chucks and numerically controlled rotary tables to the global machine tool industry; constructing custom-made concrete and recycling plants as well as providing construction machinery for various projects, including bridge erection and self-propelled multi-floor parking. The company has an operational presence across the United Kingdom, the United States of America, China, Taiwan, Australia, Germany and other regions.

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