Merida Industry Co (TPE:9914) Cash-to-Debt : 0.52 (As of Mar. 2024)

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What is Merida Industry Co 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. Merida Industry Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.52.

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, Merida Industry Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TPE:9914' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.46 Med: 2.08 Max: 4.35
Current: 0.52

During the past 13 years, Merida Industry Co's highest Cash to Debt Ratio was 4.35. The lowest was 0.46. And the median was 2.08.

TPE:9914's Cash-to-Debt is ranked worse than
51.65% of 819 companies
in the Travel & Leisure industry
Industry Median: 0.6 vs TPE:9914: 0.52

Merida Industry Co Cash-to-Debt Historical Data

The historical data trend for Merida Industry Co'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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Merida Industry Co Cash-to-Debt Chart

Merida Industry Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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1.98

1.66

1.97

1.08

0.91

Merida Industry Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.91	0.46	0.49	0.54	0.52

Competitive Comparison of Merida Industry Co's Cash-to-Debt

For the Leisure subindustry, Merida Industry Co'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.

Merida Industry Co's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Merida Industry Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Merida Industry Co's Cash-to-Debt falls into.

Merida Industry Co 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.

Merida Industry Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	5927.274	/	(5279.035	+	1250.425)
	=	0.91

Merida Industry Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	3891.606	/	(6275.146	+	1149.315)
	=	0.52

Merida Industry Co (TPE:9914) 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.

Merida Industry Co Cash-to-Debt Related Terms

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

Merida Industry Co (TPE:9914) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Merida Industry Co Ltd (TPE:9914) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 116, Meigang Road, Dacun Township, Changhua County, Yuanlin, TWN

Website

https://www.merida-bikes.com

Merida Industry Co Ltd is a manufacturer and distributor of bicycles and bicycle-related components, domiciled in Taiwan. The company produces bicycles for both recreational and professional use. Products include mountain bicycles, road and racing bicycles, bicycle motocross, or BMX, folding bicycles, children and youth bicycles, electric bicycles, helmets, components, and related parts and accessories. Merida distributes bicycles and components both domestically and internationally, and products are largely sold under the Merida brand name.

Merida Industry Co (TPE:9914) Headlines

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