Muscat Thread MillsOG (MUS:MTMI) Cash-to-Debt : 0.19 (As of Dec. 2022)

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What is Muscat Thread MillsOG 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. Muscat Thread MillsOG's cash to debt ratio for the quarter that ended in Dec. 2022 was 0.19.

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, Muscat Thread MillsOG couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

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

MUS:MTMI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.27 Max: 1.11
Current: 0.19

During the past 13 years, Muscat Thread MillsOG's highest Cash to Debt Ratio was 1.11. The lowest was 0.03. And the median was 0.27.

MUS:MTMI's Cash-to-Debt is ranked worse than
69.22% of 1033 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs MUS:MTMI: 0.19

Muscat Thread MillsOG Cash-to-Debt Historical Data

The historical data trend for Muscat Thread MillsOG'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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Muscat Thread MillsOG Cash-to-Debt Chart

Muscat Thread MillsOG Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

1.04

0.84

1.11

0.03

0.19

Muscat Thread MillsOG Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec21	Dec22
Cash-to-Debt	Get a 7-Day Free Trial									1.04	0.84	1.11	0.03	0.19

Competitive Comparison of Muscat Thread MillsOG's Cash-to-Debt

For the Textile Manufacturing subindustry, Muscat Thread MillsOG'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.

Muscat Thread MillsOG's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Muscat Thread MillsOG's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Muscat Thread MillsOG's Cash-to-Debt falls into.

Muscat Thread MillsOG 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.

Muscat Thread MillsOG's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.095	/	(0.302	+	0.187)
	=	0.19

Muscat Thread MillsOG's Cash to Debt Ratio for the quarter that ended in Dec. 2022 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)
	=	0.095	/	(0.302	+	0.187)
	=	0.19

Muscat Thread MillsOG (MUS:MTMI) 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.

Muscat Thread MillsOG Cash-to-Debt Related Terms

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Muscat Thread MillsOG (MUS:MTMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Muscat Thread Mills SAOG (MUS:MTMI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road No 18, P.O.Box 122, Rusayl, OMN, 124

Website

http://www.mtm.com.om

Muscat Thread Mills SAOG manufactures and markets sewing threads in the Sultanate of Oman. It offers apparel sewing, embroidery, fire-resistant, and water-soluble threads under the Boat and Silver Falcon brand names. The firm's revenue is mainly generated from exports. The company also markets its products to Bangladesh, Sri Lanka, India, Pakistan, the United Arab Emirates, Turkey, Jordan, Madagascar, Kenya, Egypt, Mauritius, Saudi Arabia, Indonesia, Qatar, and Kuwait.

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