Made Tech Group (LSE:MTEC) Cash-to-Debt : 167.62 (As of Nov. 2023)

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What is Made Tech 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. Made Tech Group's cash to debt ratio for the quarter that ended in Nov. 2023 was 167.62.

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, Made Tech Group could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

LSE:MTEC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.53 Med: 38.65 Max: 167.62
Current: 167.62

During the past 5 years, Made Tech Group's highest Cash to Debt Ratio was 167.62. The lowest was 0.53. And the median was 38.65.

LSE:MTEC's Cash-to-Debt is ranked better than
86.79% of 2718 companies
in the Software industry
Industry Median: 2.43 vs LSE:MTEC: 167.62

Made Tech Group Cash-to-Debt Historical Data

The historical data trend for Made Tech 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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Made Tech Group Cash-to-Debt Chart

Made Tech Group Annual Data

Trend

May19

May20

May21

May22

May23

Cash-to-Debt

1.49

1.58

0.53

38.54

60.53

Made Tech Group Semi-Annual Data
	May19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial				45.87	38.54	38.75	60.53	167.62

Competitive Comparison of Made Tech Group's Cash-to-Debt

For the Information Technology Services subindustry, Made Tech 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.

Made Tech Group's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Made Tech Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Made Tech Group's Cash-to-Debt falls into.

Made Tech 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.

Made Tech Group's Cash to Debt Ratio for the fiscal year that ended in May. 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)
	=	8.474	/	(0.14	+	0)
	=	60.53

Made Tech Group's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	7.878	/	(0.047	+	0)
	=	167.62

Made Tech Group (LSE:MTEC) 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.

Made Tech Group Cash-to-Debt Related Terms

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Made Tech Group (LSE:MTEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Made Tech Group PLC (LSE:MTEC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

5UH:Germany

Address

4 O’Meara Street, London, GBR, SE1 1TE

Website

https://www.madetech.com

Made Tech Group PLC provides digital, data and technology services to the UK public sector, that enables central government, healthcare, and local government organisations to digitally transform. Its projects include delivering and operating the Multichannel Digital Tax Platform (MDTP), which runs HMRC's Making Tax Digital services; supporting the Ministry of Justice to modernise the technology within the prison estate; and working with DVLA to digitally transform key services such as the UK provisional driving licence system.

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