Movement Industries (Movement Industries) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Movement Industries 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. Movement Industries's cash to debt ratio for the quarter that ended in Jun. 2023 was No Debt ⁽¹⁾.

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, Movement Industries could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

(1) 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.

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

MVNT' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 2 years, Movement Industries's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

MVNT's Cash-to-Debt is ranked better than
99.93% of 1470 companies
in the Asset Management industry
Industry Median: 5.845 vs MVNT: No Debt

Movement Industries Cash-to-Debt Historical Data

The historical data trend for Movement Industries'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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Movement Industries Cash-to-Debt Chart

Movement Industries Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

No Debt

Movement Industries Semi-Annual Data
	Jun22	Jun23
Cash-to-Debt	No Debt	No Debt

Competitive Comparison of Movement Industries's Cash-to-Debt

For the Asset Management subindustry, Movement Industries'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.

Movement Industries's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Movement Industries's Cash-to-Debt distribution charts can be found below:

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

Movement Industries 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.

Movement Industries's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Movement Industries had no debt ⁽¹⁾.

Movement Industries's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Movement Industries had no debt ⁽¹⁾.

Movement Industries (OTCPK:MVNT) 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.

Movement Industries Cash-to-Debt Related Terms

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Movement Industries (Movement Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Movement Industries Corp (OTCPK:MVNT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

6829 Flintlock Road, Houston, TX, USA, 77040

Website

https://www.mvmnt.in

Movement Industries Corp is engaged in investments in emerging growth companies in the energy, oil and gas, and industrial manufacturing sectors. The company also offers its services to utilities, technology, agriculture, and medical industries. It provides valves, actuators, pumps, tanks, and wellhead control panels, CNC Machining, Waterjet, Plasma, Laser Cutting, Welding and Fabrication, control systems, and communication systems among its many products and services. The company operates in North America, South America and is expanding globally with new ventures into Africa and market studies into the European and Asian markets.