Miko NV (XBRU:MIKO) Cash-to-Debt : 0.28 (As of Jun. 2023)

View and export this data going back to 1998. Start your Free Trial

What is Miko NV 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. Miko NV's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.28.

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, Miko NV couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

XBRU:MIKO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: 0.33 Max: 2.21
Current: 0.28

During the past 13 years, Miko NV's highest Cash to Debt Ratio was 2.21. The lowest was 0.22. And the median was 0.33.

XBRU:MIKO's Cash-to-Debt is ranked worse than
63% of 1811 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs XBRU:MIKO: 0.28

Miko NV Cash-to-Debt Historical Data

The historical data trend for Miko NV'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.

* Premium members only.

Miko NV Cash-to-Debt Chart

Miko NV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.37

0.23

0.40

0.72

0.47

Miko NV Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															2.21	0.72	0.64	0.47	0.28

Competitive Comparison of Miko NV's Cash-to-Debt

For the Packaged Foods subindustry, Miko NV'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.

Miko NV's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Miko NV's Cash-to-Debt distribution charts can be found below:

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

Miko NV 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.

Miko NV's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	27.938	/	(12.525	+	47.127)
	=	0.47

Miko NV's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	20.035	/	(11.267	+	59.477)
	=	0.28

Miko NV (XBRU:MIKO) 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.

Miko NV Cash-to-Debt Related Terms

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

Miko NV (XBRU:MIKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Miko NV (XBRU:MIKO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Steenweg op Mol 177, Turnhout, BEL, B-2300

Website

https://www.mikocoffee.com

Miko NV is involved in the business of producing and distributing coffee and plastic packaging. The company also manages its subsidiaries in European countries and Australia as well as sells its coffee concepts via independent distributors in countries across Europe and beyond. The various national subsidiaries within the coffee division all focus on the market segments of office coffee, the hospitality sector and health care. It mainly operates in Belgium, England, Germany, New Zealand, France and others.

Miko NV (XBRU:MIKO) Headlines

No Headlines