McMillan Shakespeare (McMillan Shakespeare) Cash-to-Debt : 0.31 (As of Dec. 2023)

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What is McMillan Shakespeare 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. McMillan Shakespeare's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.31.

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, McMillan Shakespeare 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 McMillan Shakespeare's Cash-to-Debt or its related term are showing as below:

MCSLF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.31 Max: 0.74
Current: 0.31

During the past 13 years, McMillan Shakespeare's highest Cash to Debt Ratio was 0.74. The lowest was 0.14. And the median was 0.31.

MCSLF's Cash-to-Debt is ranked worse than
70.27% of 1063 companies
in the Business Services industry
Industry Median: 1 vs MCSLF: 0.31

McMillan Shakespeare Cash-to-Debt Historical Data

The historical data trend for McMillan Shakespeare'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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McMillan Shakespeare Cash-to-Debt Chart

McMillan Shakespeare Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

0.42

0.32

0.70

0.74

0.19

McMillan Shakespeare Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.57	0.74	0.43	0.19	0.31

Competitive Comparison of McMillan Shakespeare's Cash-to-Debt

For the Staffing & Employment Services subindustry, McMillan Shakespeare'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.

McMillan Shakespeare's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, McMillan Shakespeare's Cash-to-Debt distribution charts can be found below:

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

McMillan Shakespeare 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.

McMillan Shakespeare'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)
	=	40.658	/	(5.993	+	212.214)
	=	0.19

McMillan Shakespeare'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)
	=	97.43	/	(5.102	+	305.738)
	=	0.31

McMillan Shakespeare (OTCPK:MCSLF) 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.

McMillan Shakespeare Cash-to-Debt Related Terms

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McMillan Shakespeare (McMillan Shakespeare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » McMillan Shakespeare Ltd (OTCPK:MCSLF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MMS:Australia

Address

360 Elizabeth Street, Floor 21, Melbourne, VIC, AUS, 3000

Website

https://www.mmsg.com.au

McMillan Shakespeare Ltd is a provider of salary packaging, novated leasing, disability plan management and support coordination, asset management, and related financial products and services. It also cross-sells its salary packaging services to private entities via its asset management business in Australia and New Zealand, and it has acquired asset management businesses in the U.K. McMillan's asset management businesses provide motor vehicle leasing and fleet management services. The group has three operating segments: Group Remuneration Services, Asset Management Services, and Plan and Support Services. The prime revenue is generated from Asset Management segment.

McMillan Shakespeare (McMillan Shakespeare) Headlines

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