Michong Metaverse (China) Holdings Group (HKSE:08645) Cash-to-Debt : 0.95 (As of Dec. 2023)

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What is Michong Metaverse (China) Holdings Group 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. Michong Metaverse (China) Holdings Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.95.

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, Michong Metaverse (China) Holdings Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Michong Metaverse (China) Holdings Group's Cash-to-Debt or its related term are showing as below:

HKSE:08645' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: 3.18 Max: 8.73
Current: 0.95

During the past 7 years, Michong Metaverse (China) Holdings Group's highest Cash to Debt Ratio was 8.73. The lowest was 0.31. And the median was 3.18.

HKSE:08645's Cash-to-Debt is ranked better than
67.19% of 384 companies
in the Telecommunication Services industry
Industry Median: 0.35 vs HKSE:08645: 0.95

Michong Metaverse (China) Holdings Group Cash-to-Debt Historical Data

The historical data trend for Michong Metaverse (China) Holdings Group'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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Michong Metaverse (China) Holdings Group Cash-to-Debt Chart

Michong Metaverse (China) Holdings Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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1.67

8.73

8.67

4.94

2.31

Michong Metaverse (China) Holdings Group 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															4.18	N/A	2.31	N/A	0.95

Competitive Comparison of Michong Metaverse (China) Holdings Group's Cash-to-Debt

For the Telecom Services subindustry, Michong Metaverse (China) Holdings Group'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.

Michong Metaverse (China) Holdings Group's Cash-to-Debt Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Michong Metaverse (China) Holdings Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Michong Metaverse (China) Holdings Group's Cash-to-Debt falls into.

Michong Metaverse (China) Holdings Group 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.

Michong Metaverse (China) Holdings Group's Cash to Debt Ratio for the fiscal year 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)
	=	22	/	(6.933	+	2.609)
	=	2.31

Michong Metaverse (China) Holdings Group's Cash to Debt Ratio for the quarter 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)
	=	9.027	/	(8.41	+	1.079)
	=	0.95

Michong Metaverse (China) Holdings Group (HKSE:08645) 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.

Michong Metaverse (China) Holdings Group Cash-to-Debt Related Terms

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Michong Metaverse (China) Holdings Group (HKSE:08645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Michong Metaverse (China) Holdings Group Ltd (HKSE:08645) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

98 Thomson Road, Unit B, 13th Floor, Winsan Tower, Hong Kong, HKG

Website

http://www.metamichong.com

Michong Metaverse (China) Holdings Group Ltd is an investment holding company. The company is engaged in network support services which mainly encompass network infrastructure design and hardware installation, network management and security services; network connectivity services that focus on providing intranet and internet connectivity solutions and value-added services; and E-Commerce.

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