Mebuki Financial Group (TSE:7167) Cash-to-Debt : 1.84 (As of Dec. 2023)

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What is Mebuki Financial Group 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. Mebuki Financial Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.84.

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

TSE:7167' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.14 Med: 1.56 Max: 2.65
Current: 1.84

During the past 13 years, Mebuki Financial Group's highest Cash to Debt Ratio was 2.65. The lowest was 1.14. And the median was 1.56.

TSE:7167's Cash-to-Debt is ranked better than
59.65% of 1430 companies
in the Banks industry
Industry Median: 1.29 vs TSE:7167: 1.84

Mebuki Financial Group Cash-to-Debt Historical Data

The historical data trend for Mebuki Financial Group'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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Mebuki Financial Group Cash-to-Debt Chart

Mebuki Financial Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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1.14

1.41

1.48

1.50

1.88

Mebuki Financial Group 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															1.77	1.88	2.32	1.97	1.84

Competitive Comparison of Mebuki Financial Group's Cash-to-Debt

For the Banks - Regional subindustry, Mebuki Financial Group'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.

Mebuki Financial Group's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mebuki Financial Group's Cash-to-Debt distribution charts can be found below:

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

Mebuki Financial Group Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Mebuki Financial Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4818749	/	(0	+	2559393)
	=	1.88

Mebuki Financial Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4785870	/	(0	+	2604944)
	=	1.84

Mebuki Financial Group (TSE:7167) 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.

Mebuki Financial Group Cash-to-Debt Related Terms

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

Mebuki Financial Group (TSE:7167) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mebuki Financial Group Inc (TSE:7167) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

5EE:Germany

Address

1-25, Sakura 4-chome Utsunomiya, Utsunomiya, Tochigi, JPN, 320-8610

Website

http://www.ashikagabank.co.jp

Mebuki Financial Group Inc is a Japan-based company, engages in the provision of banking and other financial services including credit card services in Japan. Its services include loans and bills discounted, deposits, other loans, and assets. It also engages in call money transactions in the short-term markets; and invests in securities primarily comprising bonds, as well as money markets. Its other services include foreign currency exchange and international remittances.

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