Migdalor- Alternative Products (XTAE:MGDA) Cash-to-Debt : 3.03 (As of Jun. 2023)

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What is Migdalor- Alternative Products 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. Migdalor- Alternative Products's cash to debt ratio for the quarter that ended in Jun. 2023 was 3.03.

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, Migdalor- Alternative Products could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Migdalor- Alternative Products's Cash-to-Debt or its related term are showing as below:

XTAE:MGDA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: 3.03 Max: 8.67
Current: 3.03

During the past 5 years, Migdalor- Alternative Products's highest Cash to Debt Ratio was 8.67. The lowest was 0.29. And the median was 3.03.

XTAE:MGDA's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 5.72 vs XTAE:MGDA: 3.03

Migdalor- Alternative Products Cash-to-Debt Historical Data

The historical data trend for Migdalor- Alternative Products'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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Migdalor- Alternative Products Cash-to-Debt Chart

Migdalor- Alternative Products Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

N/A

0.29

0.35

8.67

3.18

Migdalor- Alternative Products Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial				0.42	8.67	3.81	3.18	3.03

Competitive Comparison of Migdalor- Alternative Products's Cash-to-Debt

For the Asset Management subindustry, Migdalor- Alternative Products'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.

Migdalor- Alternative Products's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Migdalor- Alternative Products's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Migdalor- Alternative Products's Cash-to-Debt falls into.

Migdalor- Alternative Products 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.

Migdalor- Alternative Products'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)
	=	40.656	/	(0.513	+	12.28)
	=	3.18

Migdalor- Alternative Products's Cash to Debt Ratio for the quarter 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)
	=	39.046	/	(0.801	+	12.074)
	=	3.03

Migdalor- Alternative Products (XTAE:MGDA) 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.

Migdalor- Alternative Products Cash-to-Debt Related Terms

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Migdalor- Alternative Products (XTAE:MGDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Migdalor- Alternative Products Ltd (XTAE:MGDA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Gazit street, Petah Tikva, ISR, 4927987

Website

http://www.migdalor-group.com

Migdalor- Alternative Products Ltd develops a wide range of investment products in a variety of platforms and fields. It allows clients to build an optimal alternative investment portfolio while maintaining the return/risk ratio that suits their needs. Its investment products include Real estate-backed transactions in debt or equity tracks, Hedge funds, and Low-risk funds that maximize return.

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