Mayberry Jamaican Equities (XJAM:MJE) Cash-to-Debt : 0.06 (As of Jun. 2024)

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What is Mayberry Jamaican Equities 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. Mayberry Jamaican Equities's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.06.

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, Mayberry Jamaican Equities couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

XJAM:MJE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.15 Max: No Debt
Current: 0.06

During the past 7 years, Mayberry Jamaican Equities's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 0.15.

XJAM:MJE's Cash-to-Debt is ranked worse than
87.43% of 1488 companies
in the Asset Management industry
Industry Median: 6.555 vs XJAM:MJE: 0.06

Mayberry Jamaican Equities Cash-to-Debt Historical Data

The historical data trend for Mayberry Jamaican Equities'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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Mayberry Jamaican Equities Cash-to-Debt Chart

Mayberry Jamaican Equities Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.25

2.34

1.62

1.60

5.00

Mayberry Jamaican Equities Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.11	0.12	0.12	5.00	0.06

Competitive Comparison of Mayberry Jamaican Equities's Cash-to-Debt

For the Asset Management subindustry, Mayberry Jamaican Equities'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.

Mayberry Jamaican Equities's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mayberry Jamaican Equities's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Mayberry Jamaican Equities's Cash-to-Debt falls into.

Mayberry Jamaican Equities 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.

Mayberry Jamaican Equities'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)
	=	5074.002	/	(0	+	1015.208)
	=	5.00

Mayberry Jamaican Equities's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	400.633	/	(0	+	6504.251)
	=	0.06

Mayberry Jamaican Equities (XJAM:MJE) 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.

Mayberry Jamaican Equities Cash-to-Debt Related Terms

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

Mayberry Jamaican Equities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mayberry Jamaican Equities Ltd (XJAM:MJE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bourbon Street, Suite 1, 1st Floor, Bourbon House, Castries, LCA

Website

https://www.mayberryinv.com

Mayberry Jamaican Equities Ltd is an investment holding company with a view to achieve long term capital appreciation, while preserving capital, by investing in public equity services in Jamaica. Its business activities include treasury and trading, investment banking, asset management, pension fund management, and managed equity portfolio. Its investment banking services comprise of Debt Raising, Advisory Services, Mergers, and Acquisitions, Divestitures, and Equity Raising.

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