MTI Wireless Edge (LSE:MWE) Cash-to-Debt : 8.75 (As of Mar. 2024)

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What is MTI Wireless Edge 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. MTI Wireless Edge's cash to debt ratio for the quarter that ended in Mar. 2024 was 8.75.

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, MTI Wireless Edge could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

LSE:MWE' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.23 Med: 5.36 Max: 24.54
Current: 8.75

During the past 13 years, MTI Wireless Edge's highest Cash to Debt Ratio was 24.54. The lowest was 1.23. And the median was 5.36.

LSE:MWE's Cash-to-Debt is ranked better than
76.28% of 2374 companies
in the Hardware industry
Industry Median: 1.34 vs LSE:MWE: 8.75

MTI Wireless Edge Cash-to-Debt Historical Data

The historical data trend for MTI Wireless Edge'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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MTI Wireless Edge Cash-to-Debt Chart

MTI Wireless Edge Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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7.64

18.13

13.42

9.27

6.72

MTI Wireless Edge Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															9.27	23.11	24.54	6.72	8.75

Competitive Comparison of MTI Wireless Edge's Cash-to-Debt

For the Communication Equipment subindustry, MTI Wireless Edge'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.

MTI Wireless Edge's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, MTI Wireless Edge's Cash-to-Debt distribution charts can be found below:

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

MTI Wireless Edge 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.

MTI Wireless Edge'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)
	=	6.679	/	(0.537	+	0.457)
	=	6.72

MTI Wireless Edge'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)
	=	6.951	/	(0.343	+	0.451)
	=	8.75

MTI Wireless Edge (LSE:MWE) 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.

MTI Wireless Edge Cash-to-Debt Related Terms

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MTI Wireless Edge (LSE:MWE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MTI Wireless Edge Ltd (LSE:MWE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

M7O:Germany

Address

11 Hamelacha Street, Afek Industrial Park, Rosh-Ha'Ayin, ISR, 4809121

Website

https://www.mtiwirelessedge.com

MTI Wireless Edge Ltd is an Israel-based company engaged in three segments; the antennas segment includes the development, design, manufacture, and marketing of antennas for the military and civilian sectors, Water solutions segment is a provider of remote control solutions for water and irrigation applications based on Motorola's IRRInet state of the art control, monitoring and communication technologies, and Distribution and Consultation segment provides consulting representation, and marketing services to foreign companies in the field of RF (radio frequency) and Microwave, including engineering services in the field of aerostat systems and system engineering services, and development, manufacture, and integration of communication systems and monitoring and control systems.