Kurita Water Industries (Kurita Water Industries) Cash-to-Debt

: 0.51 (As of Dec. 2023)

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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. Kurita Water Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.51.

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

KTWIF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.49 Med: 2.99 Max: No Debt
Current: 0.51

During the past 13 years, Kurita Water Industries's highest Cash to Debt Ratio was No Debt. The lowest was 0.49. And the median was 2.99.

KTWIF's Cash-to-Debt is ranked worse than
67.48% of 2998 companies
in the Industrial Products industry
Industry Median: 1.205 vs KTWIF: 0.51

Kurita Water Industries Cash-to-Debt Historical Data

The historical data trend for Kurita Water Industries'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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Kurita Water Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

2.40

0.97

1.27

0.83

0.54

Kurita Water Industries 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																0.53	0.54	0.51	0.53	0.51

Competitive Comparison

For the Pollution & Treatment Controls subindustry, Kurita Water Industries'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.

Kurita Water Industries Cash-to-Debt Distribution

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

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

Kurita Water Industries 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.

Kurita Water Industries'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)
	=	402.688	/	(249.072	+	499.565)
	=	0.54

Kurita Water Industries'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)
	=	375.041	/	(198.234	+	535.062)
	=	0.51

Kurita Water Industries (OTCPK:KTWIF) 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.

Kurita Water Industries Cash-to-Debt Related Terms

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Kurita Water Industries (Kurita Water Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kurita Water Industries Ltd (OTCPK:KTWIF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KTWIY:USA 6370:Japan KWI:Germany KWI:Germany

Address

Nakano Central Park East , 4-10-1, Nakano-ku, Tokyo, JPN, 164-0001

Website

http://www.kurita.co.jp

Kurita Water Industries Ltd. is a provider of water treatment solutions in Japan. It operates through two segments, The Water Treatment Chemical segment, and The Water Treatment Equipment segment. The Water Treatment Chemical segment sells water treatment-related chemicals, for air conditioning, petroleum refining, pulp and paper processing-related applications. The Water Treatment Equipment segment manufactures and sells water production systems, drinking water treatment equipment, water and wastewater treatment equipment for various industries. Additionally, the segment is also responsible for supplying ultrapure water, the provision of maintenance service and the operation of water treatment facilities.

Kurita Water Industries (Kurita Water Industries) Headlines

From GuruFocus

Third Avenue Management Comments on Kurita Water Industries Ltd.

By Holly LaFon • 03-27-2014