Miramar Hospitality Co (ROCO:2730) Cash-to-Debt : 0.15 (As of Jun. 2023)

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What is Miramar Hospitality Co 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. Miramar Hospitality Co's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.15.

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, Miramar Hospitality Co couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

ROCO:2730' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.33 Max: 0.51
Current: 0.15

During the past 13 years, Miramar Hospitality Co's highest Cash to Debt Ratio was 0.51. The lowest was 0.12. And the median was 0.33.

ROCO:2730's Cash-to-Debt is not ranked
in the Travel & Leisure industry.
Industry Median: 0.56 vs ROCO:2730: 0.15

Miramar Hospitality Co Cash-to-Debt Historical Data

The historical data trend for Miramar Hospitality Co'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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Miramar Hospitality Co Cash-to-Debt Chart

Miramar Hospitality Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.51

0.17

0.12

0.18

0.17

Miramar Hospitality Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.15	0.18	0.14	0.17	0.15

Competitive Comparison of Miramar Hospitality Co's Cash-to-Debt

For the Lodging subindustry, Miramar Hospitality Co'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.

Miramar Hospitality Co's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Miramar Hospitality Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Miramar Hospitality Co's Cash-to-Debt falls into.

Miramar Hospitality Co 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.

Miramar Hospitality Co'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)
	=	114.141	/	(151.167	+	513.277)
	=	0.17

Miramar Hospitality Co's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	110.553	/	(216.94	+	522.978)
	=	0.15

Miramar Hospitality Co (ROCO:2730) 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.

Miramar Hospitality Co Cash-to-Debt Related Terms

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Miramar Hospitality Co (ROCO:2730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Miramar Hospitality Co Ltd (ROCO:2730) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

83 Civic Boulevard, Section 3, Taipei, TWN

Website

http://www.miramargarden.com.tw

Miramar Hospitality Co Ltd is a Taiwan based restaurant operating company. It is engaged in the operation of hotel business, cafes, bars, conference rooms, and gym and sauna store. The company offers hotel rooms, catering, and health club service.

Miramar Hospitality Co (ROCO:2730) Headlines

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