MJL Bangladesh (DHA:MJLBD) Cash-to-Debt : 0.12 (As of Dec. 2023)

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What is MJL Bangladesh 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. MJL Bangladesh's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.12.

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, MJL Bangladesh couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

DHA:MJLBD' s Cash-to-Debt Range Over the Past 10 Years
Min: -0.07 Med: 0.12 Max: 0.56
Current: 0.12

During the past 13 years, MJL Bangladesh's highest Cash to Debt Ratio was 0.56. The lowest was -0.07. And the median was 0.12.

DHA:MJLBD's Cash-to-Debt is ranked worse than
78.27% of 1026 companies
in the Oil & Gas industry
Industry Median: 0.495 vs DHA:MJLBD: 0.12

MJL Bangladesh Cash-to-Debt Historical Data

The historical data trend for MJL Bangladesh'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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MJL Bangladesh Cash-to-Debt Chart

MJL Bangladesh Annual Data

Trend

Dec13

Dec14

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

0.06

-0.07

0.10

0.04

0.07

MJL Bangladesh Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.10	0.06	0.07	0.08	0.12

Competitive Comparison of MJL Bangladesh's Cash-to-Debt

For the Oil & Gas Refining & Marketing subindustry, MJL Bangladesh'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.

MJL Bangladesh's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, MJL Bangladesh's Cash-to-Debt distribution charts can be found below:

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

MJL Bangladesh 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.

MJL Bangladesh'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)
	=	1013.303	/	(13337.984	+	440.111)
	=	0.07

MJL Bangladesh's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	1675.462	/	(14066.617	+	158.562)
	=	0.12

MJL Bangladesh (DHA:MJLBD) 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.

MJL Bangladesh Cash-to-Debt Related Terms

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

MJL Bangladesh (DHA:MJLBD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MJL Bangladesh PLC (DHA:MJLBD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bir Uttam Mir Shawkat Sarak, Mobil House, CWS(A) 13/A, Gulshan Avenue, Dhaka, BGD, 1212

Website

https://www.mjlbl.com

MJL Bangladesh PLC is engaged in the process, manufacture trade of lubricants, blending, marketing of lubricants and grease products. the company has bifurcated the revenues in Oil Tanker, the Manufacturing Unit, which generates the majority of revenue, and Trading Unit. Its automotive lubricants include Car Engine Oils, Motorcycle Engine Oils, Bus & Truck Engine Oils, Gear Oils, and Others. It also produces Industrial & Specialty Lubricants which includes Greases, Compressor Oils, Aviation Products, and others. It serves various industries, some of which include agriculture, automotive, construction, natural gas, and commercial industries. The majority of the revenue is generated from the domestic market but the company also exports some of its products in the International market.

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