Oi Electric Co (TSE:6822) Cash-to-Debt : 0.63 (As of Sep. 2024)

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What is Oi Electric 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. Oi Electric Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.63.

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, Oi Electric Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Oi Electric Co's Cash-to-Debt or its related term are showing as below:

TSE:6822' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 6.53 Max: 48.4
Current: 0.63

During the past 13 years, Oi Electric Co's highest Cash to Debt Ratio was 48.40. The lowest was 0.26. And the median was 6.53.

TSE:6822's Cash-to-Debt is ranked worse than
66.22% of 2401 companies
in the Hardware industry
Industry Median: 1.29 vs TSE:6822: 0.63

Oi Electric Co Cash-to-Debt Historical Data

The historical data trend for Oi Electric 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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Oi Electric Co Cash-to-Debt Chart

Oi Electric Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

Get a 7-Day Free Trial

1.64

0.75

0.52

0.30

0.44

Oi Electric Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.41	0.31	0.36	0.44	0.63

Competitive Comparison of Oi Electric Co's Cash-to-Debt

For the Communication Equipment subindustry, Oi Electric 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.

Oi Electric Co's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Oi Electric Co's Cash-to-Debt distribution charts can be found below:

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

Oi Electric 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.

Oi Electric Co'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)
	=	2883.021	/	(6102.701	+	477.755)
	=	0.44

Oi Electric Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	4103.425	/	(6084.756	+	420.976)
	=	0.63

Oi Electric Co (TSE:6822) 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.

Oi Electric Co Cash-to-Debt Related Terms

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Oi Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Oi Electric Co Ltd (TSE:6822) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-16, Kikuna 7-chome, Kohoku-ku, Yokohama, JPN, 222-0011

Website

http://www.ooi.co.jp

Oi Electric Co Ltd is engaged in the manufacturing and sales of information transmission, monitoring and control, telecommunications network, and mobile communication devices and measuring instruments. It has been manufacturing various information/communication products that are vital for construction of information networks.

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