GLORY (TSE:6457) Cash-to-Debt : 0.36 (As of Dec. 2023)

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What is GLORY 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. GLORY's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.36.

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

TSE:6457' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: 1.21 Max: 1.79
Current: 0.36

During the past 13 years, GLORY's highest Cash to Debt Ratio was 1.79. The lowest was 0.31. And the median was 1.21.

TSE:6457's Cash-to-Debt is ranked worse than
74.28% of 3002 companies
in the Industrial Products industry
Industry Median: 1.185 vs TSE:6457: 0.36

GLORY Cash-to-Debt Historical Data

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

GLORY Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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1.59

1.56

1.45

0.97

0.45

GLORY 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															0.43	0.45	0.47	0.31	0.36

Competitive Comparison of GLORY's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, GLORY'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.

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

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

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

GLORY 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.

GLORY'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)
	=	38133	/	(57104	+	27467)
	=	0.45

GLORY'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)
	=	33203	/	(72728	+	20637)
	=	0.36

GLORY (TSE:6457) 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.

GLORY Cash-to-Debt Related Terms

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GLORY (TSE:6457) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GLORY Ltd (TSE:6457) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

GLYYY:USA

Address

1-3-1 Shimoteno, Himeji City, Hyogo, JPN, 670-8567

Website

http://www.glory.co.jp

GLORY Ltd is a Japan-based company that provides money-handling machines and systems. Its product portfolio includes open teller systems, coin recyclers, multifunction banknote changers, cash monitoring cabinets, card systems, and others. This company primarily operates through four segments. The financial market segment serves financial institutions, OEM clients, and others in Japan. The retail and transportation market segment serves supermarkets, department stores, railroad companies, and others. The amusement market segment sells products and provides services to amusement halls and others. The overseas market segment serves financial institutions, retail stores, casinos and other customers overseas. The company generates almost all its revenue from markets in Asia and the Americas.

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