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Micro Leasing PCL (BKK:MICRO) Cash-to-Debt : 0.14 (As of Dec. 2023)


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What is Micro Leasing PCL 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. Micro Leasing PCL's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.14.

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, Micro Leasing PCL 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 Micro Leasing PCL's Cash-to-Debt or its related term are showing as below:

BKK:MICRO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05   Med: 0.1   Max: 0.16
Current: 0.14

During the past 6 years, Micro Leasing PCL's highest Cash to Debt Ratio was 0.16. The lowest was 0.05. And the median was 0.10.

BKK:MICRO's Cash-to-Debt is ranked worse than
56.63% of 505 companies
in the Credit Services industry
Industry Median: 0.25 vs BKK:MICRO: 0.14

Micro Leasing PCL Cash-to-Debt Historical Data

The historical data trend for Micro Leasing PCL'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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Micro Leasing PCL Cash-to-Debt Chart

Micro Leasing PCL Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial 0.05 0.16 0.07 0.09 0.14

Micro Leasing PCL Quarterly Data
Dec18 Jun19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 0.09 0.17 0.19 0.14

Competitive Comparison of Micro Leasing PCL's Cash-to-Debt

For the Credit Services subindustry, Micro Leasing PCL'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.


Micro Leasing PCL's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Micro Leasing PCL's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Micro Leasing PCL's Cash-to-Debt falls into.



Micro Leasing PCL 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.

Micro Leasing PCL's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Micro Leasing PCL's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

* 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.


Micro Leasing PCL  (BKK:MICRO) 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.


Micro Leasing PCL Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Micro Leasing PCL's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.


Micro Leasing PCL (BKK:MICRO) Business Description

Traded in Other Exchanges
N/A
Address
863/3 Phetkasem Road, Sanamchan Sub-district, Muang District, Nakhon Pathom, THA, 73000
Micro Leasing PCL is engaged in the business of providing hire purchase loans for used trucks, such as 6-wheel, 10-wheel, and 12-wheel trucks. The Group's operations involves operating segments which are hire purchase of trucks business, hire purchase of motorcycles business and insurance brokerage business. The company carries its operations in Thailand.

Micro Leasing PCL (BKK:MICRO) Headlines

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