Perfect Moment (Perfect Moment) Cash-to-Debt : 0.42 (As of Mar. 2023)

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What is Perfect Moment 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. Perfect Moment's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.42.

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, Perfect Moment couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

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

PMNT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: 0.33 Max: 1.01
Current: 0.42

During the past 4 years, Perfect Moment's highest Cash to Debt Ratio was 1.01. The lowest was 0.22. And the median was 0.33.

PMNT's Cash-to-Debt is ranked worse than
53.21% of 1028 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.48 vs PMNT: 0.42

Perfect Moment Cash-to-Debt Historical Data

The historical data trend for Perfect Moment'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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Perfect Moment Cash-to-Debt Chart

Perfect Moment Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.25

1.01

0.22

0.42

Perfect Moment Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Cash-to-Debt	0.25	1.01	0.22	0.42

Competitive Comparison of Perfect Moment's Cash-to-Debt

For the Apparel Manufacturing subindustry, Perfect Moment'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.

Perfect Moment's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Perfect Moment 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.

Perfect Moment's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	4.712	/	(11.095	+	0.008)
	=	0.42

Perfect Moment's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	4.712	/	(11.095	+	0.008)
	=	0.42

Perfect Moment (AMEX:PMNT) 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.

Perfect Moment Cash-to-Debt Related Terms

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Perfect Moment (Perfect Moment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Perfect Moment Ltd (AMEX:PMNT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

307 Canalot Studios, 222 Kensal Road, London, GBR, W10 5BN

Website

https://www.perfectmoment.com

Perfect Moment Ltd is a company which is a luxury lifestyle brand that combines fashion and technical performance for its ranges of skiwear, outerwear, swimwear and activewear. They operate at the intersection of luxury fashion and multi-channel commerce. Although the Company is organized fundamentally as one business segment which is product sales, the Company's revenues are primarily split between three geographic areas which are the US, Europe and the UK.

Perfect Moment (Perfect Moment) Headlines

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