Takeuchi Mfg Co (TSE:6432) Cash-to-Debt : No Debt ⁽¹⁾ (As of Nov. 2023)

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What is Takeuchi Mfg 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. Takeuchi Mfg Co's cash to debt ratio for the quarter that ended in Nov. 2023 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, Takeuchi Mfg Co could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

(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 Takeuchi Mfg Co's Cash-to-Debt or its related term are showing as below:

TSE:6432' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

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

TSE:6432's Cash-to-Debt is ranked better than
99.51% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.565 vs TSE:6432: No Debt

Takeuchi Mfg Co Cash-to-Debt Historical Data

The historical data trend for Takeuchi Mfg 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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Takeuchi Mfg Co Cash-to-Debt Chart

Takeuchi Mfg Co Annual Data

Trend

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Feb24

Cash-to-Debt

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No Debt

Takeuchi Mfg Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Takeuchi Mfg Co's Cash-to-Debt

For the Farm & Heavy Construction Machinery subindustry, Takeuchi Mfg 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.

Takeuchi Mfg Co's Cash-to-Debt Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Takeuchi Mfg Co's Cash-to-Debt distribution charts can be found below:

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

Takeuchi Mfg 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.

Takeuchi Mfg Co's Cash to Debt Ratio for the fiscal year that ended in Feb. 2024 is calculated as:

Takeuchi Mfg Co had no debt ⁽¹⁾.

Takeuchi Mfg Co's Cash to Debt Ratio for the quarter that ended in Nov. 2023 is calculated as:

Takeuchi Mfg Co had no debt ⁽¹⁾.

Takeuchi Mfg Co (TSE:6432) 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.

Takeuchi Mfg Co Cash-to-Debt Related Terms

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Takeuchi Mfg Co (TSE:6432) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Takeuchi Mfg Co Ltd (TSE:6432) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

205, Uwadaira, Sakaki-machi, Hanishina-gun, Nagano, Nagano Prefecture, JPN, 389-0605

Website

http://www.takeuchi-mfg.co.jp

Takeuchi Mfg Co Ltd manufactures construction machinery, including wheel and electrical compact excavators, track loaders, carriers, and mixers. Additional revenue is generated by distributing agitators for wastewater treatment facilities and manufacturers of chemicals, food, and other products. The company sells machinery to rental companies and dealers, distributors, and through trading companies to overseas distributors. Operating segments are reported by region: Japan, United States, United Kingdom, France, and China. Takeuchi's global sales network helps gain user feedback and discover areas to enhance support for customers. The majority of sales to external customers derive from Japan and the United States.

Takeuchi Mfg Co (TSE:6432) Headlines

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Takeuchi Mfg Co (TSE:6432) Cash-to-Debt : No Debt (1) (As of Nov. 2023)