MITFF (MITIE Group) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is MITIE 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. MITIE Group's cash to debt ratio for the quarter that ended in Sep. 2024 was No Debt ⁽¹⁾.

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, MITIE Group could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(1) 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.

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

MITFF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 0.54 Max: No Debt
Current: 0.48

During the past 13 years, MITIE Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.19. And the median was 0.54.

MITFF's Cash-to-Debt is ranked worse than
62.94% of 1055 companies
in the Business Services industry
Industry Median: 1.02 vs MITFF: 0.48

MITIE Group Cash-to-Debt Historical Data

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

MITIE Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.44

0.64

1.09

0.85

0.75

MITIE Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	0.85	No Debt	0.75	No Debt

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

For the Specialty Business Services subindustry, MITIE 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.

MITIE Group's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, MITIE Group's Cash-to-Debt distribution charts can be found below:

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

MITIE 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.

MITIE 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)
	=	305.845	/	(93.774	+	314.74)
	=	0.75

MITIE Group's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

MITIE Group had no debt ⁽¹⁾.

MITIE Group (OTCPK:MITFF) 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.

MITIE Group Cash-to-Debt Related Terms

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MITIE Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MITIE Group PLC (OTCPK:MITFF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MITFY:USA MTOl:UK MTO:UK MZ4:Germany

Address

32 London Bridge Street, The Shard, Level 12, Southwark, London, GBR, SE1 9SG

Website

https://www.mitie.com

MITIE Group PLC is a U.K.-based company. The company's reportable segments include Technical services, Business services, Central Government & Defence, Communities, and Corporate Centre. The company generates the majority of its revenue from the technical services and business services segments. Geographically, the company generates a majority of its revenue from the United Kingdom.