Meikles (LSE:MIK) Debt-to-Revenue : 0.02 (As of Aug. 2023)

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What is Meikles Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Meikles's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $47 Mil. Meikles's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $63 Mil. Meikles's annualized Revenue for the quarter that ended in Aug. 2023 was $5,403 Mil. Meikles's annualized Debt-to-Revenue for the quarter that ended in Aug. 2023 was 0.02.

Meikles Debt-to-Revenue Historical Data

The historical data trend for Meikles's Debt-to-Revenue 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.

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Meikles Debt-to-Revenue Chart

Meikles Annual Data

Trend

Dec08

Dec09

Mar11

Mar12

Mar19

Mar20

Mar21

Debt-to-Revenue

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0.16

0.15

0.06

0.02

Meikles Semi-Annual Data
	Dec09	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Aug23
Debt-to-Revenue	Get a 7-Day Free Trial									0.02	0.01	0.02	0.01	0.02

Competitive Comparison of Meikles's Debt-to-Revenue

For the Department Stores subindustry, Meikles's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.

Meikles's Debt-to-Revenue Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meikles's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Meikles's Debt-to-Revenue falls into.

Meikles Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Meikles's Debt-to-Revenue for the fiscal year that ended in Mar. 2021 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.456	+	2.862)	/	152.504
	=	0.02

Meikles's annualized Debt-to-Revenue for the quarter that ended in Aug. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(47.062	+	63.364)	/	5402.744
	=	0.02

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is two times the quarterly (Aug. 2023) Revenue data.

Meikles Debt-to-Revenue Related Terms

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Meikles (LSE:MIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meikles Ltd (LSE:MIK) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

MEIK.ZW:Zimbabwe

Address

4 Steppes Road, Highlands, Harare, ZWE

Website

https://www.meiklesltd.com

Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.