Measurement Specialties (FRA:MEG) Cash-to-Debt : 0.20 (As of Jun. 2014)

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What is Measurement Specialties 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. Measurement Specialties's cash to debt ratio for the quarter that ended in Jun. 2014 was 0.20.

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, Measurement Specialties couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2014.

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

FRA:MEG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.31 Max: No Debt
Current: 0.2

During the past 13 years, Measurement Specialties's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.31.

FRA:MEG's Cash-to-Debt is not ranked
in the Hardware industry.
Industry Median: 1.32 vs FRA:MEG: 0.20

Measurement Specialties Cash-to-Debt Historical Data

The historical data trend for Measurement Specialties'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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Measurement Specialties Cash-to-Debt Chart

Measurement Specialties Annual Data

Trend

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Cash-to-Debt

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0.32

0.30

0.32

0.37

0.40

Measurement Specialties Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Cash-to-Debt	Get a 7-Day Free Trial															0.28	0.29	0.39	0.40	0.20

Competitive Comparison of Measurement Specialties's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Measurement Specialties'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.

Measurement Specialties's Cash-to-Debt Distribution in the Hardware Industry

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

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

Measurement Specialties 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.

Measurement Specialties's Cash to Debt Ratio for the fiscal year that ended in Mar. 2014 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)
	=	36.124	/	(0.273	+	90.574)
	=	0.40

Measurement Specialties's Cash to Debt Ratio for the quarter that ended in Jun. 2014 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)
	=	32.381	/	(7.579	+	157.683)
	=	0.20

Measurement Specialties (FRA:MEG) 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.

Measurement Specialties Cash-to-Debt Related Terms

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Measurement Specialties (FRA:MEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Measurement Specialties Inc (FRA:MEG) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Website

http://www.meas-spec.com

Measurement Specialties, Inc. is a New Jersey corporation organized in 1981. The Company is engaged in the design, development and manufacture of sensors and sensor-based systems for original equipment manufacturers (OEM) and end users, based on a broad portfolio of proprietary technology and typically characterized by the MEAS brand name. The Company is a multi-national corporation with fifteen main manufacturing facilities strategically located in the United States, China and Europe, enabling the Company to produce and market an array of sensors that use advanced technologies to measure precise ranges of physical characteristics. These sensors are used for engine and vehicle, medical, general industrial, consumer and home appliance, military/aerospace, and test and measurement applications. The Company's products include sensors for measuring pressure, linear/rotary position, force, torque, piezoelectric polymer film sensors, custom microstructures, load cells, vibrations and acceleration, optical absorption, humidity, gas concentration, gas flow rate, temperature, fluid properties and fluid level. The Company's advanced technologies include piezoresistive silicon, polymer and ceramic piezoelectric materials, application specific integrated circuits, micro-electromechanical systems ('MEMS'), foil strain gauges, electromagnetic force balance systems, fluid capacitive devices, linear and rotational variable differential transformers, anisotropic magneto-resistive devices, electromagnetic displacement sensors, hygroscopic capacitive structures, ultrasonic measurement systems, optical measurement systems, negative thermal coefficient ('NTC') ceramic sensors, 3-6 DOF (degree of freedom) force/torque structures, complex mechanical resonators, magnetic reed switches, high frequency multipoint scanning algorithms, and high precision submersible hydrostatic level detection. The Company's competitors include small independent companies and divisions of large corporations such as Danaher, General Electric, Schneider-Electric and Honeywell.