Merchant House International (ASX:MHI) Cash-to-Debt : 14.11 (As of Sep. 2023)

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What is Merchant House International 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. Merchant House International's cash to debt ratio for the quarter that ended in Sep. 2023 was 14.11.

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, Merchant House International 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 Merchant House International's Cash-to-Debt or its related term are showing as below:

ASX:MHI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 6.13 Max: No Debt
Current: 14.11

During the past 13 years, Merchant House International's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was 6.13.

ASX:MHI's Cash-to-Debt is ranked better than
87.6% of 1016 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs ASX:MHI: 14.11

Merchant House International Cash-to-Debt Historical Data

The historical data trend for Merchant House International'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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Merchant House International Cash-to-Debt Chart

Merchant House International Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.40

0.27

0.11

4.46

19.16

Merchant House International 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															3.66	4.46	4.98	19.16	14.11

Competitive Comparison of Merchant House International's Cash-to-Debt

For the Footwear & Accessories subindustry, Merchant House International'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.

Merchant House International's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Merchant House International's Cash-to-Debt distribution charts can be found below:

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

Merchant House International 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.

Merchant House International'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)
	=	7.493	/	(0.28	+	0.111)
	=	19.16

Merchant House International'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)
	=	3.061	/	(0.196	+	0.021)
	=	14.11

Merchant House International (ASX:MHI) 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.

Merchant House International Cash-to-Debt Related Terms

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Merchant House International (ASX:MHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Merchant House International Ltd (ASX:MHI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

24 Lee Chung Street, Unit B and C, 10th Floor, E-Trade Plaza, Chai Wan, Hong Kong, HKG

Website

https://www.lorettalee.com.hk

Merchant House International Ltd is engaged in the design, manufacturing, and marketing of home textiles, seasonal and decorative products, and leather shoes. The company's operating segment includes Home textile, Footwear trading, and Footwear manufacturing. It generates maximum revenue from the Footwear trading segment. Geographically, it derives a majority of its revenue from the United States of America.