Mills Estruturas e Servicos de Engenharia (Mills Estruturas e Servicos de Engenharia) Cash-to-Debt : 0.55 (As of Dec. 2023)

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What is Mills Estruturas e Servicos de Engenharia 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. Mills Estruturas e Servicos de Engenharia's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.55.

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, Mills Estruturas e Servicos de Engenharia couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Mills Estruturas e Servicos de Engenharia's Cash-to-Debt or its related term are showing as below:

MLSTF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.64 Max: 1.44
Current: 0.55

During the past 13 years, Mills Estruturas e Servicos de Engenharia's highest Cash to Debt Ratio was 1.44. The lowest was 0.23. And the median was 0.64.

MLSTF's Cash-to-Debt is ranked worse than
59.21% of 1069 companies
in the Business Services industry
Industry Median: 0.99 vs MLSTF: 0.55

Mills Estruturas e Servicos de Engenharia Cash-to-Debt Historical Data

The historical data trend for Mills Estruturas e Servicos de Engenharia'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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Mills Estruturas e Servicos de Engenharia Cash-to-Debt Chart

Mills Estruturas e Servicos de Engenharia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.83

1.44

1.01

0.80

0.55

Mills Estruturas e Servicos de Engenharia Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.54	0.49	0.54	0.55	N/A

Competitive Comparison of Mills Estruturas e Servicos de Engenharia's Cash-to-Debt

For the Rental & Leasing Services subindustry, Mills Estruturas e Servicos de Engenharia'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.

Mills Estruturas e Servicos de Engenharia's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Mills Estruturas e Servicos de Engenharia's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Mills Estruturas e Servicos de Engenharia's Cash-to-Debt falls into.

Mills Estruturas e Servicos de Engenharia 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.

Mills Estruturas e Servicos de Engenharia'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)
	=	111.615	/	(37.072	+	166.565)
	=	0.55

Mills Estruturas e Servicos de Engenharia's Cash to Debt Ratio for the quarter 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)
	=	111.615	/	(37.072	+	166.565)
	=	0.55

Mills Estruturas e Servicos de Engenharia (GREY:MLSTF) 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.

Mills Estruturas e Servicos de Engenharia Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Mills Estruturas e Servicos de Engenharia's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Mills Estruturas e Servicos de Engenharia (Mills Estruturas e Servicos de Engenharia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mills Estruturas e Servicos de Engenharia SA (GREY:MLSTF) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

MILS3:Brazil

Address

Estrada do Guerengue, 1381, Taquara, Rio de Janeiro, RJ, BRA, 22713-002

Website

https://ri.mills.com.br

Mills Locacao Servicos e Logistica SA operates in the infrastructure, construction, and manufacturing industries. Its activity includes Rental and sale, including imports and exports, of steel and aluminum tubular structures, shoring and access equipment for construction works, as well as reusable concrete formworks. Sale, rental, and distribution of aerial work platforms and telescopic handlers. It has a Construction business unit and Rental business unit segments, and the majority of the revenue derives from the Rental business segment.

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