Suzuken Co (TSE:9987) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Suzuken 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. Suzuken Co's cash to debt ratio for the quarter that ended in Dec. 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, Suzuken Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 Suzuken Co's Cash-to-Debt or its related term are showing as below:

TSE:9987' s Cash-to-Debt Range Over the Past 10 Years
Min: 61.58 Med: 4981.9 Max: No Debt
Current: No Debt

During the past 13 years, Suzuken Co's highest Cash to Debt Ratio was No Debt. The lowest was 61.58. And the median was 4981.90.

TSE:9987's Cash-to-Debt is ranked better than
98.97% of 97 companies
in the Medical Distribution industry
Industry Median: 0.79 vs TSE:9987: No Debt

Suzuken Co Cash-to-Debt Historical Data

The historical data trend for Suzuken 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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Suzuken Co Cash-to-Debt Chart

Suzuken Co Annual Data

Trend

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Mar23

Cash-to-Debt

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No Debt

Suzuken 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Suzuken Co's Cash-to-Debt

For the Medical Distribution subindustry, Suzuken 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.

Suzuken Co's Cash-to-Debt Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Suzuken Co's Cash-to-Debt distribution charts can be found below:

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

Suzuken 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.

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

Suzuken Co had no debt ⁽¹⁾.

Suzuken Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Suzuken Co had no debt ⁽¹⁾.

Suzuken Co (TSE:9987) 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.

Suzuken Co Cash-to-Debt Related Terms

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Suzuken Co (TSE:9987) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Suzuken Co Ltd (TSE:9987) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Higashi Kataha-machi, Higashi-ku, Nagoya, JPN, 461-8701

Website

http://www.suzuken.co.jp

Suzuken Co Ltd is a Japanese drug manufacturer. It functions through four segments: Pharmaceutical Wholesale, which sells pharmaceuticals, diagnostic drugs, and medical equipment and materials; The Pharmaceutical Manufacturing, which produces pharmaceuticals and diagnostic drugs; The Insurance Pharmacy dispenses operations based on prescriptions from medical institutions and the Medical-related Service and Others segment which sells medical books, provides nursing services and manufactures physiological examination equipment.

Suzuken Co (TSE:9987) Headlines

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Suzuken Co (TSE:9987) Cash-to-Debt : No Debt (1) (As of Dec. 2023)