Aica Kogyo Co (TSE:4206) Cash-to-Debt : 1.97 (As of Dec. 2023)

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What is Aica Kogyo 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. Aica Kogyo Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.97.

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, Aica Kogyo Co 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 Aica Kogyo Co's Cash-to-Debt or its related term are showing as below:

TSE:4206' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.47 Med: 8.88 Max: 34.84
Current: 1.97

During the past 13 years, Aica Kogyo Co's highest Cash to Debt Ratio was 34.84. The lowest was 1.47. And the median was 8.88.

TSE:4206's Cash-to-Debt is ranked better than
72.8% of 522 companies
in the Conglomerates industry
Industry Median: 0.48 vs TSE:4206: 1.97

Aica Kogyo Co Cash-to-Debt Historical Data

The historical data trend for Aica Kogyo 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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Aica Kogyo Co Cash-to-Debt Chart

Aica Kogyo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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9.14

5.93

5.84

2.84

1.72

Aica Kogyo 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															1.47	1.72	1.73	2.04	1.97

Competitive Comparison of Aica Kogyo Co's Cash-to-Debt

For the Conglomerates subindustry, Aica Kogyo 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.

Aica Kogyo Co's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Aica Kogyo Co's Cash-to-Debt distribution charts can be found below:

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

Aica Kogyo 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.

Aica Kogyo 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)
	=	50993	/	(7299	+	22294)
	=	1.72

Aica Kogyo 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)
	=	57984	/	(6812	+	22683)
	=	1.97

Aica Kogyo Co (TSE:4206) 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.

Aica Kogyo Co Cash-to-Debt Related Terms

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Aica Kogyo Co (TSE:4206) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Aica Kogyo Co Ltd (TSE:4206) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

R5Y:Germany

Address

1-1 1-1 Meina Station, JP Tower Nagoya, 26th Floor, Aichi, JPN

Website

http://www.aica.co.jp

Aica Kogyo Co Ltd is a Japanese manufacturing company. It operates its business in four segments which are Chemical Products, Specialty & Performance Materials, Laminated Sheets, and Building & Housing Materials. The company mainly provides adhesives, resin, melamine doors, wall coating materials, countertops, decorative panels, polyester panels and boards. It also provides solar batteries, lamps, and silicone materials.

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