Majedie Investments (LSE:MAJE) Cash-to-Debt : 0.29 (As of Sep. 2022)

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What is Majedie Investments 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. Majedie Investments's cash to debt ratio for the quarter that ended in Sep. 2022 was 0.29.

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, Majedie Investments couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

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

LSE:MAJE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.12 Max: 0.32
Current: 0.22

During the past 13 years, Majedie Investments's highest Cash to Debt Ratio was 0.32. The lowest was 0.08. And the median was 0.12.

LSE:MAJE's Cash-to-Debt is ranked worse than
75.7% of 1465 companies
in the Asset Management industry
Industry Median: 5.65 vs LSE:MAJE: 0.22

Majedie Investments Cash-to-Debt Historical Data

The historical data trend for Majedie Investments'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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Majedie Investments Cash-to-Debt Chart

Majedie Investments Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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0.13

0.32

0.11

0.29

0.22

Majedie Investments Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.25	0.11	0.45	0.29	0.22

Competitive Comparison of Majedie Investments's Cash-to-Debt

For the Asset Management subindustry, Majedie Investments'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.

Majedie Investments's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Majedie Investments's Cash-to-Debt distribution charts can be found below:

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

Majedie Investments Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Majedie Investments's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4.547	/	(0	+	20.789)
	=	0.22

Majedie Investments's Cash to Debt Ratio for the quarter that ended in Sep. 2022 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	5.934	/	(0	+	20.826)
	=	0.28

Majedie Investments (LSE:MAJE) 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.

Majedie Investments Cash-to-Debt Related Terms

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

Majedie Investments (LSE:MAJE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Majedie Investments PLC (LSE:MAJE) » Definitions » Cash-to-Debt

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MAJEl:UK

Address

1 King’s Arms Yard, London, GBR, EC2R 7AF

Website

https://www.majedieinvestments.com

Majedie Investments PLC is an investment trust company. The company invests principally in securities of publicly quoted companies globally as well as in unquoted securities. To manage risk, the company focuses on the analysis of economies sector trends and sectors to deliver growth over the long term. The company may utilize derivative instruments including index-linked notes, contracts for difference, covered options and other equity-related derivative instruments for efficient portfolio management and investment purposes. Its revenue mainly comprises of interest and dividend income from investment made.

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