Grupo Mexicano de Desarrollo S A B (MEX:GMD) Cash-to-Debt : 0.70 (As of Jun. 2024)

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What is Grupo Mexicano de Desarrollo S A B 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. Grupo Mexicano de Desarrollo S A B's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.70.

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, Grupo Mexicano de Desarrollo S A B couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Grupo Mexicano de Desarrollo S A B's Cash-to-Debt or its related term are showing as below:

MEX:GMD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.19 Max: No Debt
Current: 0.7

During the past 13 years, Grupo Mexicano de Desarrollo S A B's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 0.19.

MEX:GMD's Cash-to-Debt is ranked better than
69.31% of 505 companies
in the Utilities - Regulated industry
Industry Median: 0.24 vs MEX:GMD: 0.70

Grupo Mexicano de Desarrollo S A B Cash-to-Debt Historical Data

The historical data trend for Grupo Mexicano de Desarrollo S A B'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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Grupo Mexicano de Desarrollo S A B Cash-to-Debt Chart

Grupo Mexicano de Desarrollo S A B Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.15

0.16

0.62

0.86

1.21

Grupo Mexicano de Desarrollo S A B Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.64	0.67	1.21	0.69	0.70

Competitive Comparison of Grupo Mexicano de Desarrollo S A B's Cash-to-Debt

For the Utilities - Regulated Water subindustry, Grupo Mexicano de Desarrollo S A B'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.

Grupo Mexicano de Desarrollo S A B's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Grupo Mexicano de Desarrollo S A B's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Grupo Mexicano de Desarrollo S A B's Cash-to-Debt falls into.

Grupo Mexicano de Desarrollo S A B 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.

Grupo Mexicano de Desarrollo S A B's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	1445.83	/	(76.33	+	1119.802)
	=	1.21

Grupo Mexicano de Desarrollo S A B's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	1527.768	/	(609.296	+	1575.601)
	=	0.70

Grupo Mexicano de Desarrollo S A B (MEX:GMD) 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.

Grupo Mexicano de Desarrollo S A B Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Grupo Mexicano de Desarrollo S A B's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Grupo Mexicano de Desarrollo S A B Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Grupo Mexicano de Desarrollo S A B (MEX:GMD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GMXDF:USA

Address

Carretera Mexico, Toluca 4000, Cuajimalpa, DF, MEX, 05000

Website

http://www.gmd.com.mx

Grupo Mexicano de Desarrollo S A B is engaged in the creation, construction, and administration of infrastructure projects in Mexico. It offers engineering solutions including the construction of civil works and operation of services public concessions. The infrastructure projects of the company comprise Viaducto Punta Diamante, Ecosys I y II, Industria Metalica Integrada, and Carretera Mozimba-Pie de la Cuesta among others.

Grupo Mexicano de Desarrollo S A B Headlines

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