Premier Investments (ASX:PMV) Cash-to-Debt : 0.86 (As of Jul. 2024)

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What is Premier Investments 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. Premier Investments's cash to debt ratio for the quarter that ended in Jul. 2024 was 0.86.

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, Premier Investments couldn't pay off its debt using the cash in hand for the quarter that ended in Jul. 2024.

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

ASX:PMV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.84 Med: 1.16 Max: 2.99
Current: 0.86

During the past 13 years, Premier Investments's highest Cash to Debt Ratio was 2.99. The lowest was 0.84. And the median was 1.16.

ASX:PMV's Cash-to-Debt is ranked better than
63.06% of 1110 companies
in the Retail - Cyclical industry
Industry Median: 0.43 vs ASX:PMV: 0.86

Premier Investments Cash-to-Debt Historical Data

The historical data trend for Premier Investments'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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Premier Investments Cash-to-Debt Chart

Premier Investments Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Cash-to-Debt

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1.02

1.41

1.53

0.84

0.86

Premier Investments Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Cash-to-Debt	Get a 7-Day Free Trial															1.53	1.50	0.84	1.01	0.86

Competitive Comparison of Premier Investments's Cash-to-Debt

For the Apparel Retail subindustry, Premier Investments'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.

Premier Investments's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Premier Investments's Cash-to-Debt distribution charts can be found below:

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

Premier Investments 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.

Premier Investments's Cash to Debt Ratio for the fiscal year that ended in Jul. 2024 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)
	=	409.481	/	(138.602	+	339.67)
	=	0.86

Premier Investments's Cash to Debt Ratio for the quarter that ended in Jul. 2024 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)
	=	409.481	/	(138.602	+	339.67)
	=	0.86

Premier Investments (ASX:PMV) 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.

Premier Investments Cash-to-Debt Related Terms

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

Premier Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Premier Investments Ltd (ASX:PMV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

417 St Kilda Road, Level 7, Melbourne, VIC, AUS, 3004

Website

https://www.premierinvestments.com.au

Premier Investments operates six specialty retail fashion chains in Australia and New Zealand. Its most prolific fashion brand is Peter Alexander, which started expanding internationally. Premier owns and operates the unique Smiggle brand, retailing children's stationery in Australia and overseas markets. Premier is a significant shareholder in Australia-listed companies narrow-moat Breville Group and no-moat Myer. Premier is likely to materially restructure within the next 12 months. A strategic review is assessing a potential merger of its five core apparel brands with department store Myer.

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