Mercury NZ (Mercury NZ) Cash-to-Debt : 0.04 (As of Jun. 2023)

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What is Mercury NZ 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. Mercury NZ's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.04.

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, Mercury NZ couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

MGHTF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.11
Current: 0.04

During the past 11 years, Mercury NZ's highest Cash to Debt Ratio was 0.11. The lowest was 0.00. And the median was 0.04.

MGHTF's Cash-to-Debt is ranked worse than
87.82% of 427 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.22 vs MGHTF: 0.04

Mercury NZ Cash-to-Debt Historical Data

The historical data trend for Mercury NZ'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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Mercury NZ Cash-to-Debt Chart

Mercury NZ Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.08

0.06

0.11

0.03

0.04

Mercury NZ Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.11	0.03	0.03	0.03	0.04

Competitive Comparison of Mercury NZ's Cash-to-Debt

For the Utilities - Renewable subindustry, Mercury NZ'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.

Mercury NZ's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Mercury NZ's Cash-to-Debt distribution charts can be found below:

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

Mercury NZ 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.

Mercury NZ'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)
	=	46.012	/	(230.061	+	934.356)
	=	0.04

Mercury NZ'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)
	=	46.012	/	(230.061	+	934.356)
	=	0.04

Mercury NZ (OTCPK:MGHTF) 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.

Mercury NZ Cash-to-Debt Related Terms

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

Mercury NZ (Mercury NZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Mercury NZ Ltd (OTCPK:MGHTF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MCY:New Zealand MRY:Germany MCY:Australia

Address

33 Broadway, The Mercury Building, P O Box 90399, Newmarket, Auckland, NTL, NZL, 1142

Website

https://www.mercury.co.nz

Mercury NZ (formerly Mighty River Power) generates more than 15% of New Zealand's electricity and is one of the four major electricity generators and suppliers in the country. All electricity is generated from renewable sources, which makes it one of the lowest-cost providers of electricity. The company operates nine hydro stations and five geothermal power plants in the North Island and some wind farms. Mercury sells electricity to residential and commercial customers and has the largest share of the key Auckland market.

Mercury NZ (Mercury NZ) Headlines

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