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More Acquisitions (LSE:TMOR) Cash-to-Debt : No Debt (1) (As of Apr. 2023)


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

LSE:TMOR's Cash-to-Debt is not ranked *
in the Diversified Financial Services industry.
Industry Median: 5.45
* Ranked among companies with meaningful Cash-to-Debt only.

More Acquisitions Cash-to-Debt Historical Data

The historical data trend for More Acquisitions'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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More Acquisitions Cash-to-Debt Chart

More Acquisitions Annual Data
Trend Sep21 Oct23
Cash-to-Debt
N/A No Debt

More Acquisitions Semi-Annual Data
Apr23 Oct23
Cash-to-Debt No Debt No Debt

Competitive Comparison of More Acquisitions's Cash-to-Debt

For the Shell Companies subindustry, More Acquisitions'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.

More Acquisitions's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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


More Acquisitions 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.

More Acquisitions's Cash to Debt Ratio for the fiscal year that ended in Sep. 2021 is calculated as:

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

More Acquisitions's Cash to Debt Ratio for the quarter that ended in Apr. 2023 is calculated as:

More Acquisitions had no debt (1).

* 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.

More Acquisitions  (LSE:TMOR) 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.

More Acquisitions Cash-to-Debt Related Terms

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More Acquisitions (LSE:TMOR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » More Acquisitions PLC (LSE:TMOR) » Definitions » Cash-to-Debt
Comparable Companies
LSE:BRS LSE:ARA AQSE:LFT LSE:TAB LSE:DISH LSE:MII LSE:AC8 LSE:SCSP LSE:SPMU LSE:AJAX PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
80 Cheapside, 3rd Floor, London, GBR, EC2V 6EE
Website
http://www.moreacquisitions.co.uk
More Acquisitions PLC is formed to identify and acquire a suitable business opportunity or opportunities and undertake an acquisition or merger or a series of acquisitions or mergers.

More Acquisitions (LSE:TMOR) Headlines

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