MyState (ASX:MYS) Cash-to-Debt : 11.78 (As of Dec. 2023)

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What is MyState 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. MyState's cash to debt ratio for the quarter that ended in Dec. 2023 was 11.78.

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, MyState could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:MYS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.11 Max: No Debt
Current: 11.78

During the past 13 years, MyState's highest Cash to Debt Ratio was No Debt. The lowest was 0.07. And the median was 0.11.

ASX:MYS's Cash-to-Debt is ranked better than
87.76% of 1438 companies
in the Banks industry
Industry Median: 1.27 vs ASX:MYS: 11.78

MyState Cash-to-Debt Historical Data

The historical data trend for MyState'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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MyState Cash-to-Debt Chart

MyState Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.08

0.10

0.12

0.09

MyState 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															0.16	0.12	20.11	0.09	11.78

Competitive Comparison of MyState's Cash-to-Debt

For the Banks - Regional subindustry, MyState'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.

MyState's Cash-to-Debt Distribution in the Banks Industry

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

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

MyState Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

MyState's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	175.781	/	(1872.558	+	49.824)
	=	0.09

MyState's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	231.556	/	(19.652	+	0)
	=	11.78

MyState (ASX:MYS) 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.

MyState Cash-to-Debt Related Terms

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MyState (ASX:MYS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MyState Ltd (ASX:MYS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

137 Harrington Street, Level 2, Hobart, TAS, AUS, 7000

Website

https://www.mystatelimited.com.au

MyState Limited is a Tasmania-based financial company that provides banking, trustee, and funds management services. The company generates the vast majority of its profit from its banking business, which provides a range of financial services including home and personal loans, credit and debit cards, and other financial products. Home loans account for the vast majority of its loan book. The funds management segment provides trustee and funds management services through the subsidiary TPT Wealth.

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