ME Group International (LSE:MEGP) Cash-to-Debt : 1.23 (As of Oct. 2023)

View and export this data going back to 1962. Start your Free Trial

What is ME Group International 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. ME Group International's cash to debt ratio for the quarter that ended in Oct. 2023 was 1.23.

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, ME Group International could pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

LSE:MEGP' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.15 Med: 1.74 Max: 320.39
Current: 1.23

During the past 13 years, ME Group International's highest Cash to Debt Ratio was 320.39. The lowest was 1.15. And the median was 1.74.

LSE:MEGP's Cash-to-Debt is ranked better than
50% of 2996 companies
in the Industrial Products industry
Industry Median: 1.23 vs LSE:MEGP: 1.23

ME Group International Cash-to-Debt Historical Data

The historical data trend for ME Group International'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.

* Premium members only.

ME Group International Cash-to-Debt Chart

ME Group International Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Oct21

Oct22

Oct23

Cash-to-Debt

Get a 7-Day Free Trial

1.74

1.22

1.15

1.23

ME Group International Semi-Annual Data
	Apr13	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															1.22	1.79	1.15	1.26	1.23

Competitive Comparison of ME Group International's Cash-to-Debt

For the Business Equipment & Supplies subindustry, ME Group International'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.

ME Group International's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ME Group International's Cash-to-Debt distribution charts can be found below:

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

ME Group International 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.

ME Group International's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	111.091	/	(32.063	+	58.447)
	=	1.23

ME Group International's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	111.091	/	(32.063	+	58.447)
	=	1.23

ME Group International (LSE:MEGP) 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.

ME Group International Cash-to-Debt Related Terms

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

ME Group International (LSE:MEGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ME Group International PLC (LSE:MEGP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MEGPl:UK PHTM.GB:UK PHQ:Germany

Address

Blenheim Road, Unit 3B, Epsom, London, Surrey, GBR, KT19 9AP

Website

https://www.me-group.com

ME Group International PLC operates, sells and services a wide range of instant-service vending equipment, aimed at the consumer market. The group operates vending units across 20 countries and its technological innovation is focused on four principal areas namely Photobooths and integrated biometric identification solutions; Unattended laundry services and launderettes; High-quality digital printigg kiosks and Vending equipment for the food service market. Geographically, the company operates in UK & Republic of Ireland, Asia Pacific and Continental Europe, which is the majority revenue generator.

ME Group International (LSE:MEGP) Headlines

No Headlines