T.RAD Co (TSE:7236) Cash-to-Debt : 0.66 (As of Dec. 2023)

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What is T.RAD 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. T.RAD Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.66.

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, T.RAD Co 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 T.RAD Co's Cash-to-Debt or its related term are showing as below:

TSE:7236' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: 0.67 Max: 0.88
Current: 0.66

During the past 13 years, T.RAD Co's highest Cash to Debt Ratio was 0.88. The lowest was 0.31. And the median was 0.67.

TSE:7236's Cash-to-Debt is ranked better than
52.98% of 1240 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs TSE:7236: 0.66

T.RAD Co Cash-to-Debt Historical Data

The historical data trend for T.RAD 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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T.RAD Co Cash-to-Debt Chart

T.RAD Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.81

0.73

0.79

0.72

0.48

T.RAD Co 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	0.48	0.50	0.70	0.66

Competitive Comparison of T.RAD Co's Cash-to-Debt

For the Auto Parts subindustry, T.RAD 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.

T.RAD Co's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, T.RAD Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where T.RAD Co's Cash-to-Debt falls into.

T.RAD 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.

T.RAD Co'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)
	=	10714	/	(11455	+	10990)
	=	0.48

T.RAD 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)
	=	14880	/	(8903	+	13621)
	=	0.66

T.RAD Co (TSE:7236) 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.

T.RAD Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of T.RAD Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

T.RAD Co (TSE:7236) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » T.RAD Co Ltd (TSE:7236) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aioi Insurance Shinjyuku Bldg., 3-25-3,Yoyogi, Shibuya-ku, Tokyo, JPN, 151-0053

Website

http://www.trad.co.jp

T.RAD Co Ltd engages in manufacture and sale of automobile parts and other machinery. Its services include the manufacturing and marketing of heat exchangers for automobiles, construction, and industrial machines, air conditioners, distributed generators, parts for automobiles, environment-related equipment, and others. The firm's main products consist of radiators, oil coolers, EGR coolers, intercoolers, recuperators, fin coils for air conditioners, and other heat exchangers.

T.RAD Co (TSE:7236) Headlines

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