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Massimo Group (Massimo Group) Cash-to-Debt : 0.02 (As of Mar. 2024)


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What is Massimo Group 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. Massimo Group's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.02.

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, Massimo Group couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

MAMO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02   Med: 0.08   Max: 0.17
Current: 0.02

During the past 3 years, Massimo Group's highest Cash to Debt Ratio was 0.17. The lowest was 0.02. And the median was 0.08.

MAMO's Cash-to-Debt is ranked worse than
96.26% of 1283 companies
in the Vehicles & Parts industry
Industry Median: 0.58 vs MAMO: 0.02

Massimo Group Cash-to-Debt Historical Data

The historical data trend for Massimo Group'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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Massimo Group Cash-to-Debt Chart

Massimo Group Annual Data
Trend Dec21 Dec22 Dec23
Cash-to-Debt
0.17 0.05 0.08

Massimo Group Quarterly Data
Dec21 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Cash-to-Debt Get a 7-Day Free Trial 0.05 N/A 0.08 0.08 0.02

Competitive Comparison of Massimo Group's Cash-to-Debt

For the Recreational Vehicles subindustry, Massimo Group'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.

Massimo Group's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Massimo Group's Cash-to-Debt distribution charts can be found below:

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


Massimo Group 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.

Massimo Group's Cash to Debt Ratio for the fiscal year 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)
=0.766 / (1.2 + 8.628)
=0.08

Massimo Group's Cash to Debt Ratio for the quarter 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)
=0.207 / (0.754 + 8.491)
=0.02

* 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.

Massimo Group  (NAS:MAMO) 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.

Massimo Group Cash-to-Debt Related Terms

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Massimo Group (Massimo Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Massimo Group (NAS:MAMO) » Definitions » Cash-to-Debt
Comparable Companies
Traded in Other Exchanges
N/A
Address
3101 W Miller Road, Garland, TX, USA, TX 75041
Website
https://www.massimomotor.com
Massimo Group is engaged in the mid-tier band the ("Mid-Tier Band") of the Powersports Vehicles and Boats Industry. It manufacture, import and distribute a diversified portfolio of products divided into two main lines: (1) a motor sports brand consisting of utility terrain vehicles ("UTVs"), all-terrain vehicles ("ATVs"), motorcycles, scooters, golf carts and a juvenile line from go karts to balance bikes; and (2) a motor boat line consisting of pontoon and tritoon boats ("Pontoon Boats").

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