Melco Holdings (NGO:6676) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Melco Holdings 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. Melco Holdings's cash to debt ratio for the quarter that ended in Dec. 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, Melco Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 Melco Holdings's Cash-to-Debt or its related term are showing as below:

NGO:6676' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.3 Med: 196.07 Max: No Debt
Current: 173.64

During the past 13 years, Melco Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 4.30. And the median was 196.07.

NGO:6676's Cash-to-Debt is ranked better than
93.36% of 2469 companies
in the Hardware industry
Industry Median: 1.38 vs NGO:6676: 173.64

Melco Holdings Cash-to-Debt Historical Data

The historical data trend for Melco Holdings'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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Melco Holdings Cash-to-Debt Chart

Melco Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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4.54

11.29

19.54

29.71

207.13

Melco Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															56.92	207.13	No Debt	No Debt	No Debt

Competitive Comparison of Melco Holdings's Cash-to-Debt

For the Computer Hardware subindustry, Melco Holdings'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.

Melco Holdings's Cash-to-Debt Distribution in the Hardware Industry

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

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

Melco Holdings 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.

Melco Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	20506	/	(99	+	0)
	=	207.13

Melco Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Melco Holdings had no debt ⁽¹⁾.

Melco Holdings (NGO:6676) 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.

Melco Holdings Cash-to-Debt Related Terms

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

Melco Holdings (NGO:6676) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Melco Holdings Inc (NGO:6676) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

6676:Japan

Address

30-20, Ohsu 3-chome, Akamon-dori Building, Naka-ku, Nagoya, JPN, 460-8315

Website

http://melco-hd.jp

Melco Holdings, Inc. is a holding company with interests in manufacturing computer and broadband equipment. Its product portfolio includes storage products, flash memory devices, digital home products, memory modules, network and broadband products, and computer and electronics supplies, accessories, and components. It also offers support services such as computer set-up at doorstep, surveys for corporate wireless LANs as well as installation. The firm has business operations throughout Japan, Asia, Europe, and the United States of America.

Melco Holdings (NGO:6676) Headlines

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Melco Holdings (NGO:6676) Cash-to-Debt : No Debt (1) (As of Dec. 2023)