Major Cineplex Group (FRA:MJG1) Cash-to-Debt : 0.52 (As of Mar. 2024)

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What is Major Cineplex Group 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. Major Cineplex Group's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.52.

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, Major Cineplex Group couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

FRA:MJG1' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.15 Max: 1.05
Current: 0.52

During the past 13 years, Major Cineplex Group's highest Cash to Debt Ratio was 1.05. The lowest was 0.07. And the median was 0.15.

FRA:MJG1's Cash-to-Debt is ranked worse than
64.25% of 1035 companies
in the Media - Diversified industry
Industry Median: 1.28 vs FRA:MJG1: 0.52

Major Cineplex Group Cash-to-Debt Historical Data

The historical data trend for Major Cineplex Group'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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Major Cineplex Group Cash-to-Debt Chart

Major Cineplex Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.14

0.20

0.94

0.76

0.53

Major Cineplex Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.67	0.81	0.69	0.53	0.52

Competitive Comparison of Major Cineplex Group's Cash-to-Debt

For the Entertainment subindustry, Major Cineplex Group'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.

Major Cineplex Group's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Major Cineplex Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Major Cineplex Group's Cash-to-Debt falls into.

Major Cineplex Group 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.

Major Cineplex Group's Cash to Debt Ratio for the fiscal year 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)
	=	71.406	/	(37.956	+	97.19)
	=	0.53

Major Cineplex Group's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	72.762	/	(45.791	+	94.598)
	=	0.52

Major Cineplex Group (FRA:MJG1) 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.

Major Cineplex Group Cash-to-Debt Related Terms

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Major Cineplex Group (FRA:MJG1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Major Cineplex Group PLC (FRA:MJG1) » Definitions » Cash-to-Debt

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MAJOR:Thailand

Address

1839, 1839/1-6 Phaholyothin Road, Ladyao, Jatujak, Bangkok, THA, 10900

Website

https://www.majorcineplex.com

Major Cineplex Group PLC is a diversified media company primary engaged in the operation of cinemas. The company has five primary business segments which include cinema operations, advertising and media services, bowling and karaoke services, rental, and movie content. The cinema operations segment owns and manages several chains of movie theaters and brands. The advertising & media services segment offers on-screen advertising and media solutions. The bowling & karaoke services offers its namesake services in branded outlets. The rental segment leases real estate space. The company's movie content segment funds, produces, and distributes feature film content, as well as content on the home video market. Major Cineplex Group generates the vast majority of its revenue in Thailand.

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