Momentum Metropolitan Holdings (JSE:MTM) Cash-to-Debt : 8.41 (As of Dec. 2023)

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What is Momentum Metropolitan 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. Momentum Metropolitan Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 8.41.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Momentum Metropolitan Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

JSE:MTM' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.6 Med: No Debt Max: No Debt
Current: 8.41

During the past 13 years, Momentum Metropolitan Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 3.60. And the median was No Debt.

JSE:MTM's Cash-to-Debt is ranked better than
68.15% of 493 companies
in the Insurance industry
Industry Median: 1.81 vs JSE:MTM: 8.41

Momentum Metropolitan Holdings Cash-to-Debt Historical Data

The historical data trend for Momentum Metropolitan 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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Momentum Metropolitan Holdings Cash-to-Debt Chart

Momentum Metropolitan Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

4.91

5.13

3.60

5.70

Momentum Metropolitan Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															8.45	3.60	N/A	5.70	8.41

Competitive Comparison of Momentum Metropolitan Holdings's Cash-to-Debt

For the Insurance - Diversified subindustry, Momentum Metropolitan 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.

Momentum Metropolitan Holdings's Cash-to-Debt Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Momentum Metropolitan Holdings's Cash-to-Debt distribution charts can be found below:

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

Momentum Metropolitan Holdings Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Momentum Metropolitan Holdings's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	35013	/	(0	+	6147)
	=	5.70

Momentum Metropolitan Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	36687	/	(0	+	4361)
	=	8.41

Momentum Metropolitan Holdings (JSE:MTM) 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.

Momentum Metropolitan Holdings Cash-to-Debt Related Terms

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Momentum Metropolitan Holdings (JSE:MTM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Momentum Metropolitan Holdings Ltd (JSE:MTM) » Definitions » Cash-to-Debt

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MMT:Namibia

Address

268 West Avenue, Centurion, GT, ZAF, 0157

Website

https://www.momentummetropolitan.co.za

Momentum Metropolitan Holdings Ltd is a financial services group. Its core businesses are long- and short-term insurance, asset management, investment, savings, healthcare administration, and employee benefits. Metropolitan and Momentum are the operating brands for offering product and service solutions to all market segments. The firm's operational segments are: Momentum Life, Momentum Investments, Metropolitan Life, Momentum Corporate, Momentum Metropolitan Health, Momentum Metropolitan Africa, Non-life Insurance, New Initiatives and Shareholders.

Momentum Metropolitan Holdings (JSE:MTM) Headlines

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