Bains de Mer Monaco (Bains de Mer Monaco) Cash-to-Debt : 22.58 (As of Sep. 2023)

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What is Bains de Mer Monaco 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. Bains de Mer Monaco's cash to debt ratio for the quarter that ended in Sep. 2023 was 22.58.

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, Bains de Mer Monaco could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

BMRMF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.5 Med: 3.94 Max: 48.91
Current: 22.58

During the past 13 years, Bains de Mer Monaco's highest Cash to Debt Ratio was 48.91. The lowest was 0.50. And the median was 3.94.

BMRMF's Cash-to-Debt is ranked better than
87% of 823 companies
in the Travel & Leisure industry
Industry Median: 0.57 vs BMRMF: 22.58

Bains de Mer Monaco Cash-to-Debt Historical Data

The historical data trend for Bains de Mer Monaco'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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Bains de Mer Monaco Cash-to-Debt Chart

Bains de Mer Monaco Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.50

0.53

0.65

2.24

17.91

Bains de Mer Monaco Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															1.73	2.24	10.17	17.91	22.58

Competitive Comparison of Bains de Mer Monaco's Cash-to-Debt

For the Resorts & Casinos subindustry, Bains de Mer Monaco'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.

Bains de Mer Monaco's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Bains de Mer Monaco's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Bains de Mer Monaco's Cash-to-Debt falls into.

Bains de Mer Monaco 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.

Bains de Mer Monaco's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	394.804	/	(2.041	+	20.009)
	=	17.90

Bains de Mer Monaco's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	500.039	/	(2.957	+	19.19)
	=	22.58

Bains de Mer Monaco (OTCPK:BMRMF) 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.

Bains de Mer Monaco Cash-to-Debt Related Terms

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Bains de Mer Monaco (Bains de Mer Monaco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Bains de Mer Monaco (OTCPK:BMRMF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BAIN:France RJ8:Germany

Address

Place du Casino, Monte Carlo, MCO, 98000

Website

http://www.montecarloresort.com

Bains de Mer Monaco is engaged in the gaming, hotel and leasing Industry. The Gaming sector combines the gaming table and slot machine operations at the Monte-Carlo Casino, the Cafe de Paris Casino, the Sun Casino, the Bay Casino, and the Rascasse. The Hotel sector includes all the accommodation and catering activities, the therapy and spa-centre and all the related hotel services provided in its establishments. The Leasing sector combines leasing activities of boutiques, office space and the hotel residence activities of the Monte-Carlo Bay and Balmoral. Bains derives the majority of revenue from the Hotel sector.