Minoan Group (STU:61T) Cash-to-Debt : 0.01 (As of Oct. 2023)

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What is Minoan Group 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. Minoan Group's cash to debt ratio for the quarter that ended in Oct. 2023 was 0.01.

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, Minoan Group couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

STU:61T' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.05
Current: 0.01

During the past 13 years, Minoan Group's highest Cash to Debt Ratio was 0.05. The lowest was 0.00. And the median was 0.01.

STU:61T's Cash-to-Debt is ranked worse than
98.3% of 822 companies
in the Travel & Leisure industry
Industry Median: 0.565 vs STU:61T: 0.01

Minoan Group Cash-to-Debt Historical Data

The historical data trend for Minoan Group'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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Minoan Group Cash-to-Debt Chart

Minoan Group Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

Get a 7-Day Free Trial

0.01

0.05

0.01

Minoan Group Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															0.01	No Debt	0.05	No Debt	0.01

Competitive Comparison of Minoan Group's Cash-to-Debt

For the Resorts & Casinos subindustry, Minoan Group'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.

Minoan Group's Cash-to-Debt Distribution in the Travel & Leisure Industry

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

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

Minoan Group 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.

Minoan Group's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	0.02	/	(3.292	+	0)
	=	0.01

Minoan Group's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	0.02	/	(3.292	+	0)
	=	0.01

Minoan Group (STU:61T) 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.

Minoan Group Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Minoan Group's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Minoan Group (STU:61T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Minoan Group PLC (STU:61T) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MIN:UK

Address

Dingwall Road, 3rd Floor, AMP House, Croydon, Surrey, GBR, CR0 2LX

Website

https://www.minoangroup.com

Minoan Group PLC is a holding and management company. Through its subsidiaries, it engages in the design, creation, development, and management of hotels and resorts, and in the operation of independent travel businesses, through which the company acts as an agent in providing a range of services, including transportation, hotel, and other accommodation and leisure services.

Minoan Group (STU:61T) Headlines

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