MGI Digital Graphic Technology (STU:2EI) Cash-to-Debt : 3.27 (As of Dec. 2023)

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What is MGI Digital Graphic Technology 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. MGI Digital Graphic Technology's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.27.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, MGI Digital Graphic Technology could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for MGI Digital Graphic Technology's Cash-to-Debt or its related term are showing as below:

STU:2EI' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.42 Med: 2.4 Max: 5.87
Current: 3.27

During the past 13 years, MGI Digital Graphic Technology's highest Cash to Debt Ratio was 5.87. The lowest was 1.42. And the median was 2.40.

STU:2EI's Cash-to-Debt is ranked better than
65.64% of 2471 companies
in the Hardware industry
Industry Median: 1.35 vs STU:2EI: 3.27

MGI Digital Graphic Technology Cash-to-Debt Historical Data

The historical data trend for MGI Digital Graphic Technology'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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MGI Digital Graphic Technology Cash-to-Debt Chart

MGI Digital Graphic Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

4.06

2.05

1.42

3.44

3.27

MGI Digital Graphic Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.42	2.85	3.44	2.44	3.27

Competitive Comparison of MGI Digital Graphic Technology's Cash-to-Debt

For the Computer Hardware subindustry, MGI Digital Graphic Technology'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.

MGI Digital Graphic Technology's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, MGI Digital Graphic Technology's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where MGI Digital Graphic Technology's Cash-to-Debt falls into.

MGI Digital Graphic Technology 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.

MGI Digital Graphic Technology'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)
	=	31.111	/	(0	+	9.501)
	=	3.27

MGI Digital Graphic Technology'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)
	=	31.111	/	(0	+	9.501)
	=	3.27

MGI Digital Graphic Technology (STU:2EI) 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.

MGI Digital Graphic Technology Cash-to-Debt Related Terms

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MGI Digital Graphic Technology (STU:2EI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MGI Digital Graphic Technology SA (STU:2EI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ALMDG:France 2EI:Germany

Address

4, rue de la Meridienn, Fresnes, FRA, 94260

Website

http://www.mgi-fr.com

MGI Digital Graphic Technology SA is a France-based company engaged in designing, manufacturing, and selling digital printing and finishing equipment for the graphics industry. The company offers digital printing and finishing equipment in the areas of inkjet technology, digital printing, spot UV coating, embossed hot foiling, adhesive labels, digital finishing, plastic card production, envelope solutions, and turnkey paper solutions.

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