Mr Price Group (JSE:MRP) Cash-to-Debt : 0.16 (As of Sep. 2023)

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What is Mr Price 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. Mr Price Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.16.

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, Mr Price Group 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 Mr Price Group's Cash-to-Debt or its related term are showing as below:

JSE:MRP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 5.29 Max: 11.76
Current: 0.16

During the past 13 years, Mr Price Group's highest Cash to Debt Ratio was 11.76. The lowest was 0.16. And the median was 5.29.

JSE:MRP's Cash-to-Debt is ranked worse than
74.16% of 1103 companies
in the Retail - Cyclical industry
Industry Median: 0.47 vs JSE:MRP: 0.16

Mr Price Group Cash-to-Debt Historical Data

The historical data trend for Mr Price 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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Mr Price Group Cash-to-Debt Chart

Mr Price Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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9.41

0.94

0.83

0.62

0.16

Mr Price Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	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															0.61	0.62	0.42	0.16	0.16

Competitive Comparison of Mr Price Group's Cash-to-Debt

For the Apparel Retail subindustry, Mr Price 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.

Mr Price Group's Cash-to-Debt Distribution in the Retail - Cyclical Industry

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

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

Mr Price 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.

Mr Price Group'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)
	=	1442	/	(2126	+	7084)
	=	0.16

Mr Price Group'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)
	=	1463	/	(2599	+	6371)
	=	0.16

Mr Price Group (JSE:MRP) 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.

Mr Price Group Cash-to-Debt Related Terms

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

Mr Price Group (JSE:MRP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mr Price Group Ltd (JSE:MRP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MRPLY:USA

Address

65 Masabalala Yengwa Avenue, Upper Level Durban Station Complex, Stamford Hill, North Concourse, Durban, NL, ZAF, 4001

Website

https://www.mrpricegroup.com

Mr Price Group Ltd is a retailer that sells proprietary-branded apparel and home goods through more than a thousand stores and online channels. It operates almost exclusively in Africa, with the vast majority of sales coming from South Africa. Its stores are concept-specific: mrp, the company's primary store, sells clothes, shoes, and accessories targeting young men and women; mrpSport stores sell sports apparel, equipment, footwear, and accessories; Miladys sells clothing for family-oriented women; mrpHome sells homeware and furniture, and Sheet Street sells home textile and decor products.

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