Mmcite AS (XPRA:MMCTE) Cash-to-Debt : 0.21 (As of Dec. 2022)

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What is Mmcite AS 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. Mmcite AS's cash to debt ratio for the quarter that ended in Dec. 2022 was 0.21.

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, Mmcite AS couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

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

XPRA:MMCTE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.13 Max: 0.21
Current: 0.05

During the past 2 years, Mmcite AS's highest Cash to Debt Ratio was 0.21. The lowest was 0.05. And the median was 0.13.

XPRA:MMCTE's Cash-to-Debt is ranked worse than
91.48% of 411 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.95 vs XPRA:MMCTE: 0.05

Mmcite AS Cash-to-Debt Historical Data

The historical data trend for Mmcite AS'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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Mmcite AS Cash-to-Debt Chart

Mmcite AS Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

0.21

0.05

Mmcite AS Quarterly Data
	Dec22	Dec23
Cash-to-Debt	0.21	0.05

Competitive Comparison of Mmcite AS's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Mmcite AS'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.

Mmcite AS's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Mmcite AS's Cash-to-Debt distribution charts can be found below:

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

Mmcite AS 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.

Mmcite AS'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)
	=	6.72	/	(118.906	+	10.347)
	=	0.05

Mmcite AS's Cash to Debt Ratio for the quarter 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)
	=	29.739	/	(132.475	+	11.944)
	=	0.21

Mmcite AS (XPRA:MMCTE) 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.

Mmcite AS Cash-to-Debt Related Terms

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Mmcite AS (XPRA:MMCTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Mmcite AS (XPRA:MMCTE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vinohradská 907, Ma?atice, Uherské Hradište, CZE, 686 05

Website

https://www.mmcite.com

Mmcite AS is a company that specializes in design and construction projects for public spaces. Their range of products and services includes the design and realization of both transportation terminals and street furniture, for example such as benches, litter bins, rails and cycle stands. Within the industry of street furniture, it is one of the first manufactures in the world to introduce products created by 3D concrete printing.

Mmcite AS (XPRA:MMCTE) Headlines

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