Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Dr. MartensDOCMF 55 Cash-to-Debt is 0.46 as of Mar. 2026, which is at its 10-year median of 0.46. GuruFocus rates DOCMF with a GF Score™ of 55/100 and a GF Value™ of $0.97 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,035 Manufacturing - Apparel & Accessories companies, Dr. Martens ranks worse than 50.05% on this metric.
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. Dr. Martens's cash to debt ratio for the quarter that ended in Mar. 2026 was 0.46.
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, Dr. Martenscouldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for Dr. Martens's Cash-to-Debt or its related term are showing as below:
DOCMF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.46 Max: 1.13
Current: 0.46
During the past 9 years, Dr. Martens's highest Cash to Debt Ratio was 1.13. The lowest was 0.23. And the median was 0.46.
Dr. Martens (OTCPK:DOCMF) 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.
Dr. Martens Cash-to-Debt Related Terms
Dr. Martens Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Dr. Martens'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.
For the Footwear & Accessories subindustry, Dr. Martens'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.
Dr. Martens Cash-to-Debt vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Dr. Martens's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Dr. Martens's Cash-to-Debt falls into.
* 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.
Dr. Martens (DOCMF) has a Cash-to-Debt of 0.46 as of Mar. 2026. This is near median its historical median of 0.46. Over the past decade, Dr. Martens' Cash-to-Debt has ranged from 0.23 to 1.13. According to the industry distribution chart, Dr. Martens ranks #518 out of 1035 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 50%.
Is Dr. Martens' Cash-to-Debt too high?
Dr. Martens' current Cash-to-Debt of 0.46 is near median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 1.13. The Manufacturing - Apparel & Accessories industry median Cash-to-Debt is 0.46. Dr. Martens' value of 0.46 is 0% at this industry median. Based on the distribution chart, Dr. Martens ranks #518 out of 1035 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Dr. Martens has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dr. Martens' Cash-to-Debt compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Dr. Martens ranks #518 out of 1035 companies for Cash-to-Debt. This puts Dr. Martens in the upper half of its industry. The industry median Cash-to-Debt is 0.46. Dr. Martens' value of 0.46 is 0% at this benchmark. Historically, Dr. Martens' own Cash-to-Debt has ranged from 0.23 to 1.13 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 0.46, Dr. Martens has consistently been at the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Manufacturing - Apparel & Accessories company?
The median Cash-to-Debt among Manufacturing - Apparel & Accessories companies is 0.46, based on 1,035 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dr. Martens's current Cash-to-Debt of 0.46 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median Cash-to-Debt is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dr. Martens's current Cash-to-Debt is 0.46, which is near median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dr. Martens stock overvalued right now?
Based on GuruFocus' analysis, Dr. Martens (DOCMF) is currently considered Fairly Valued. The stock's GF Value™ is $0.97, compared to a current price of $1.03 — trading 6.2% above its estimated fair value. The current Cash-to-Debt is 0.46, which is near median its 10-year median of 0.46 and 0% at the Manufacturing - Apparel & Accessories industry median of 0.46. Dr. Martens' overall GF Score™ is 55/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Dr. Martens (DOCMF), the current Cash-to-Debt is 0.46 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Dr. Martens (DOCMF) Overvalued in 2026?
Based on GuruFocus' analysis, Dr. Martens stock appears to be overvalued.
The current stock price of $1.03 is trading 6.2% above its estimated GF Value™ of $0.97.
GuruFocus considers Dr. Martens to be Fairly Valued.
Key valuation signals for DOCMF:
Cash-to-Debt: 0.46 (near median its 10-year median of 0.46)
GF Value™: $0.97 vs. price of $1.03 (6.2% above fair value)
Industry Position: 0% at the Manufacturing - Apparel & Accessories median (#518 of 1035)
No single metric tells the full story. See the DOCMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dr. Martens PLC is engaged in the footwear business. Its product segments include Originals, Fusion, Kids and Casual, and a complementary range of Accessories. The company has sales through E-commerce, Retail, and Wholesale of Products. Geographically, it derives the majority of its revenue from EMEA and has a presence in the Americas and APAC.
55GF Score
Get the complete analysis for DOCMF
Cash-to-Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
DOCMF has been successfully added to your 
