Tokai Tokyo Financial Holdings (TSE:8616) Cash-to-Debt : 0.72 (As of Dec. 2023)

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What is Tokai Tokyo Financial Holdings 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. Tokai Tokyo Financial Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.72.

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, Tokai Tokyo Financial Holdings 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 Tokai Tokyo Financial Holdings's Cash-to-Debt or its related term are showing as below:

TSE:8616' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.65 Med: 1.04 Max: 1.48
Current: 0.65

During the past 13 years, Tokai Tokyo Financial Holdings's highest Cash to Debt Ratio was 1.48. The lowest was 0.65. And the median was 1.04.

TSE:8616's Cash-to-Debt is ranked worse than
69.62% of 790 companies
in the Capital Markets industry
Industry Median: 1.87 vs TSE:8616: 0.65

Tokai Tokyo Financial Holdings Cash-to-Debt Historical Data

The historical data trend for Tokai Tokyo Financial Holdings'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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Tokai Tokyo Financial Holdings Cash-to-Debt Chart

Tokai Tokyo Financial Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.97

0.89

0.82

0.75

0.65

Tokai Tokyo Financial Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.75	0.87	0.83	0.72	0.65

Competitive Comparison of Tokai Tokyo Financial Holdings's Cash-to-Debt

For the Capital Markets subindustry, Tokai Tokyo Financial Holdings'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.

Tokai Tokyo Financial Holdings's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Tokai Tokyo Financial Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tokai Tokyo Financial Holdings's Cash-to-Debt falls into.

Tokai Tokyo Financial Holdings 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.

Tokai Tokyo Financial Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 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)
	=	417000	/	(503240	+	140731)
	=	0.65

Tokai Tokyo Financial Holdings'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)
	=	464898	/	(531546	+	112506)
	=	0.72

Tokai Tokyo Financial Holdings (TSE:8616) 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.

Tokai Tokyo Financial Holdings Cash-to-Debt Related Terms

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Tokai Tokyo Financial Holdings (TSE:8616) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Tokai Tokyo Financial Holdings Inc (TSE:8616) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TO91:Germany

Address

6-2, Nihonbashi 3-chome, Chuo-ku, Tokyo, JPN, 103-0027

Website

http://www.tokaitokyo-fh.jp

Tokai Tokyo Financial Holdings Inc. is the holding company of the Tokai Tokyo Financial Group. It operates and manages the group's companies. Tokai Tokyo Financial Group consists primarily of companies in Japan, but a few are in overseas markets. Tokyo Securities is the operating nucleus of the group and manages financial instruments businesses, fund management, back-office services, and research. For the overall group, operations are divided into trading activities and commissions. Tokai's commissions are gained through brokerage services and underwriting and distribution.

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