Premier Group (JSE:PMR) Cash-to-Debt : 0.09 (As of Sep. 2024)

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What is Premier 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. Premier Group's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.09.

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

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

JSE:PMR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.14 Max: 0.22
Current: 0.09

During the past 2 years, Premier Group's highest Cash to Debt Ratio was 0.22. The lowest was 0.09. And the median was 0.14.

JSE:PMR's Cash-to-Debt is ranked worse than
80.06% of 311 companies
in the Retail - Defensive industry
Industry Median: 0.44 vs JSE:PMR: 0.09

Premier Group Cash-to-Debt Historical Data

The historical data trend for Premier 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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Premier Group Cash-to-Debt Chart

Premier Group Annual Data

Trend

Mar23

Mar24

Cash-to-Debt

0.14

0.22

Premier Group Semi-Annual Data
	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	0.14	N/A	0.22	0.09

Competitive Comparison of Premier Group's Cash-to-Debt

For the Grocery Stores subindustry, Premier 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.

Premier Group's Cash-to-Debt Distribution in the Retail - Defensive Industry

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

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

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Premier 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.

Premier Group's Cash to Debt Ratio for the fiscal year 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)
	=	636.006	/	(539.31	+	2418.714)
	=	0.22

Premier Group's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	289.886	/	(619.857	+	2490.883)
	=	0.09

Premier Group (JSE:PMR) 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.

Premier Group Cash-to-Debt Related Terms

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

Premier Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Premier Group Ltd (JSE:PMR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Maxwell Office Park, Building 5, Magwa Crescent West, Isando, ZAF, 1600

Website

https://www.premierfmcg.com

Premier Group Ltd is engaged in the manufacturing and distribution of staple milling and baking products, confectionery and home and personal care (HPC) products. The company is organized into two segments Millbake and Groceries and International. It derives maximum revenue from Millbake segment.

Premier Group Headlines

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