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Mercury NZMGHTF +8.44%86 Cash-to-Debt is 0.03 as of Jun. 2026, which is 25% below its 10-year median of 0.04. GuruFocus rates MGHTF with a GF Score™ of 86/100 and a GF Value™ of $4.04. The stock has 8 warning signs investors should review. Among 442 Utilities - Independent Power Producers companies, Mercury NZ ranks worse than 91.18% on this metric.
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. Mercury NZ's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.03.
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, Mercury NZcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Mercury NZ's Cash-to-Debt or its related term are showing as below:
MGHTF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.11
Current: 0.03
During the past 13 years, Mercury NZ's highest Cash to Debt Ratio was 0.11. The lowest was 0.00. And the median was 0.04.
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.
Mercury NZ Cash-to-Debt Related Terms
Mercury NZ Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Mercury NZ'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.
For the Utilities - Renewable subindustry, Mercury NZ'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.
Mercury NZ Cash-to-Debt vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Mercury NZ's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Mercury NZ's Cash-to-Debt falls into.
* 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.
Mercury NZ (MGHTF) has a Cash-to-Debt of 0.03 as of Jun. 2026. This is 25% below median its historical median of 0.04. According to the industry distribution chart, Mercury NZ ranks #403 out of 442 companies in the Utilities - Independent Power Producers industry, placing it in the top 91.2%.
Is Mercury NZ's Cash-to-Debt too high?
Mercury NZ's current Cash-to-Debt of 0.03 is 25% below median its 10-year median of 0.04. The Utilities - Independent Power Producers industry median Cash-to-Debt is 0.22. Mercury NZ's value of 0.03 is 86.4% below this industry median. Based on the distribution chart, Mercury NZ ranks #403 out of 442 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Mercury NZ has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Mercury NZ's Cash-to-Debt compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Mercury NZ ranks #403 out of 442 companies for Cash-to-Debt. This places Mercury NZ in the lower half of its industry. The industry median Cash-to-Debt is 0.22. Mercury NZ's value of 0.03 is 86.4% below this benchmark. While the company's 10-year median is 0.04 vs. the industry median of 0.22, Mercury NZ has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Utilities - Independent Power Producers company?
The median Cash-to-Debt among Utilities - Independent Power Producers companies is 0.22, based on 442 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mercury NZ's current Cash-to-Debt of 0.03 is 86.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Utilities - Independent Power Producers industry, the median Cash-to-Debt is 0.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercury NZ's current Cash-to-Debt is 0.03, which is 25% below median its own 10-year median of 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercury NZ stock overvalued right now?
Mercury NZ (MGHTF) has a current Cash-to-Debt of 0.03. The stock's GF Value™ is $4.04, compared to a current price of $4.37 — trading 8.2% above its estimated fair value. The current Cash-to-Debt is 0.03, which is 25% below median its 10-year median of 0.04 and 86.4% below the Utilities - Independent Power Producers industry median of 0.22. Mercury NZ's overall GF Score™ is 86/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Mercury NZ (MGHTF), the current Cash-to-Debt is 0.03 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mercury NZ (MGHTF) Overvalued in 2026?
Based on GuruFocus' analysis, Mercury NZ stock appears to be overvalued.
The current stock price of $4.37 is trading 8.2% above its estimated GF Value™ of $4.04.
Key valuation signals for MGHTF:
Cash-to-Debt: 0.03 (25% below median its 10-year median of 0.04)
GF Value™: $4.04 vs. price of $4.37 (8.2% above fair value)
Industry Position: 86.4% below the Utilities - Independent Power Producers median (#403 of 442)
No single metric tells the full story. See the MGHTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercury NZ (formerly Mighty River Power) generates more than 15% of New Zealand's electricity and is one of the four major electricity generators and suppliers in the country. All electricity is generated from renewable sources, which makes it one of the lowest-cost providers of electricity. The company operates nine hydro stations and five geothermal power plants in the North Island and some wind farms. Mercury sells electricity to residential and commercial customers and has the largest share of the key Auckland market.
86GF Score
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