Meikles (LSE:MIK) Cash-to-Debt : 3.26 (As of Aug. 2023)

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What is Meikles 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. Meikles's cash to debt ratio for the quarter that ended in Aug. 2023 was 3.26.

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, Meikles could pay off its debt using the cash in hand for the quarter that ended in Aug. 2023.

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

LSE:MIK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.52 Med: 1.66 Max: 5.28
Current: 3.26

During the past 7 years, Meikles's highest Cash to Debt Ratio was 5.28. The lowest was 0.52. And the median was 1.66.

LSE:MIK's Cash-to-Debt is ranked better than
80.74% of 1106 companies
in the Retail - Cyclical industry
Industry Median: 0.465 vs LSE:MIK: 3.26

Meikles Cash-to-Debt Historical Data

The historical data trend for Meikles'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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Meikles Cash-to-Debt Chart

Meikles Annual Data

Trend

Dec08

Dec09

Mar11

Mar12

Mar19

Mar20

Mar21

Cash-to-Debt

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0.06

0.18

0.52

1.66

1.29

Meikles Semi-Annual Data
	Dec09	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Aug23
Cash-to-Debt	Get a 7-Day Free Trial									1.29	1.96	2.43	5.28	3.26

Competitive Comparison of Meikles's Cash-to-Debt

For the Department Stores subindustry, Meikles'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.

Meikles's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meikles's Cash-to-Debt distribution charts can be found below:

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

Meikles 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.

Meikles's Cash to Debt Ratio for the fiscal year that ended in Mar. 2021 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)
	=	4.283	/	(0.456	+	2.862)
	=	1.29

Meikles's Cash to Debt Ratio for the quarter that ended in Aug. 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)
	=	359.487	/	(47.062	+	63.364)
	=	3.26

Meikles (LSE:MIK) 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.

Meikles Cash-to-Debt Related Terms

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Meikles (LSE:MIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meikles Ltd (LSE:MIK) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

MEIK.ZW:Zimbabwe

Address

4 Steppes Road, Highlands, Harare, ZWE

Website

https://www.meiklesltd.com

Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.