MWG (Multi Ways Holdings) Cash-to-Debt : 0.57 (As of Dec. 2023)

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What is Multi Ways Holdings 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. Multi Ways Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.57.

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, Multi Ways Holdings 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 Multi Ways Holdings's Cash-to-Debt or its related term are showing as below:

MWG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.08 Max: 0.57
Current: 0.57

During the past 4 years, Multi Ways Holdings's highest Cash to Debt Ratio was 0.57. The lowest was 0.02. And the median was 0.08.

MWG's Cash-to-Debt is ranked worse than
59.62% of 1055 companies
in the Business Services industry
Industry Median: 1.02 vs MWG: 0.57

Multi Ways Holdings Cash-to-Debt Historical Data

The historical data trend for Multi Ways Holdings'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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Multi Ways Holdings Cash-to-Debt Chart

Multi Ways Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.02

0.09

0.08

0.57

Multi Ways Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.09	0.07	0.08	0.30	0.57

Competitive Comparison of Multi Ways Holdings's Cash-to-Debt

For the Rental & Leasing Services subindustry, Multi Ways Holdings'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.

Multi Ways Holdings's Cash-to-Debt Distribution in the Business Services Industry

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

* The bar in red indicates where Multi Ways Holdings's Cash-to-Debt falls into.

Multi Ways Holdings 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.

Multi Ways Holdings'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)
	=	7.315	/	(8.07	+	4.696)
	=	0.57

Multi Ways Holdings'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)
	=	7.315	/	(8.07	+	4.696)
	=	0.57

Multi Ways Holdings (AMEX:MWG) 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.

Multi Ways Holdings Cash-to-Debt Related Terms

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Multi Ways Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Multi Ways Holdings Ltd (AMEX:MWG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3E Gul Circle, Singapore, SGP, 629633

Website

https://www.multiways.com.sg

Multi Ways Holdings Ltd is a supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region. The wide variety of new and used heavy construction equipment for sale and rental by customers range from: earth-moving equipment such as bulldozers, off-terrain dump trucks, excavators and wheel loaders; material-handling equipment such as crawler cranes, rough terrain cranes, scissor lifts, forklifts, boom-lifts and telescopic handlers; road-building equipment such as motor graders, vibrating compactors, asphalt finishers, skid loaders, backhoe loaders, hand rollers and mini excavators; and generators and compressors, such as air compressors, generators, lighting towers and welding machines.