Miricor Enterprises Holdings (HKSE:01827) Cash-to-Debt : 0.81 (As of Sep. 2023)

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What is Miricor Enterprises Holdings 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. Miricor Enterprises Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.81.

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, Miricor Enterprises Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

HKSE:01827' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.52 Med: 3.9 Max: No Debt
Current: 0.81

During the past 9 years, Miricor Enterprises Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.52. And the median was 3.90.

HKSE:01827's Cash-to-Debt is ranked better than
57.28% of 103 companies
in the Personal Services industry
Industry Median: 0.6 vs HKSE:01827: 0.81

Miricor Enterprises Holdings Cash-to-Debt Historical Data

The historical data trend for Miricor Enterprises Holdings'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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Miricor Enterprises Holdings Cash-to-Debt Chart

Miricor Enterprises Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

3.24

3.81

0.52

0.90

Miricor Enterprises Holdings Semi-Annual Data
	Mar15	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												1.02	0.52	0.68	0.90	0.81

Competitive Comparison of Miricor Enterprises Holdings's Cash-to-Debt

For the Personal Services subindustry, Miricor Enterprises Holdings'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.

Miricor Enterprises Holdings's Cash-to-Debt Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Miricor Enterprises Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Miricor Enterprises Holdings's Cash-to-Debt falls into.

Miricor Enterprises Holdings 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.

Miricor Enterprises Holdings'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)
	=	116.911	/	(63.637	+	66.639)
	=	0.90

Miricor Enterprises Holdings'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)
	=	97.784	/	(59.223	+	62.088)
	=	0.81

Miricor Enterprises Holdings (HKSE:01827) 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.

Miricor Enterprises Holdings Cash-to-Debt Related Terms

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

Miricor Enterprises Holdings (HKSE:01827) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Miricor Enterprises Holdings Ltd (HKSE:01827) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Connaught Road Central, 18th Floor, Nan Fung Tower, Central, Hong Kong, HKG

Website

http://www.miricor.com

Miricor Enterprises Holdings Ltd is an investment holding company. The company is engaged in the provision of medical aesthetic services and the sale of skin care products. The company's only operating segment is the non-surgical medical aesthetic services and is principally engaged in the provision of medical aesthetic services and the sale of skin care products in Hong Kong and Mainland China. Geographically, it operates and derives revenue from Hong Kong.

Executives

Meitu, Inc.	2101 Beneficial owner
Sunny Bright Group Holdings Limited	2101 Beneficial owner
Lai Ka Yee Gigi	2201 Interest of corporation controlled by you
Ma Ting Keung Patrick	2201 Interest of corporation controlled by you

Miricor Enterprises Holdings (HKSE:01827) Headlines

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