Milton Capital (LSE:MII) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jul. 2023)

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

LSE:MII' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 1 years, Milton Capital's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:MII's Cash-to-Debt is ranked better than
99.79% of 482 companies
in the Diversified Financial Services industry
Industry Median: 2.64 vs LSE:MII: No Debt

Milton Capital Cash-to-Debt Historical Data

The historical data trend for Milton Capital'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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Milton Capital Cash-to-Debt Chart

Milton Capital Annual Data

Trend

Jan23

Cash-to-Debt

N/A

Milton Capital Semi-Annual Data
	Jan23	Jul23
Cash-to-Debt	N/A	No Debt

Competitive Comparison of Milton Capital's Cash-to-Debt

For the Shell Companies subindustry, Milton Capital'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.

Milton Capital's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Milton Capital's Cash-to-Debt distribution charts can be found below:

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

Milton Capital 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.

Milton Capital's Cash to Debt Ratio for the fiscal year that ended in Jan. 2023 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Milton Capital's Cash to Debt Ratio for the quarter that ended in Jul. 2023 is calculated as:

Milton Capital had no debt ⁽¹⁾.

Milton Capital (LSE:MII) 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.

Milton Capital Cash-to-Debt Related Terms

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

Milton Capital (LSE:MII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Milton Capital PLC (LSE:MII) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Cheapside, 3rd Floor, London, GBR, EC2V 6EE

Website

http://www.milton-capital.co.uk

Milton Capital PLC is a special-purpose acquisition company. The company was formed to undertake one or more acquisitions (which may be in the form of a merger, capital stock exchange, asset acquisition, stock purchase, scheme of the arrangement, reorganization, or similar business combination) of a minority or majority interest in a company or business.

Milton Capital (LSE:MII) Headlines

No Headlines

Milton Capital (LSE:MII) Cash-to-Debt : No Debt (1) (As of Jul. 2023)