Mercury Securities Group Bhd (XKLS:0285) Cash-to-Debt : 244.49 (As of Oct. 2023)

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What is Mercury Securities Group Bhd 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. Mercury Securities Group Bhd's cash to debt ratio for the quarter that ended in Oct. 2023 was 244.49.

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, Mercury Securities Group Bhd could pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

XKLS:0285' s Cash-to-Debt Range Over the Past 10 Years
Min: 47.75 Med: 79.15 Max: 244.49
Current: 244.49

During the past 5 years, Mercury Securities Group Bhd's highest Cash to Debt Ratio was 244.49. The lowest was 47.75. And the median was 79.15.

XKLS:0285's Cash-to-Debt is ranked better than
82.81% of 791 companies
in the Capital Markets industry
Industry Median: 1.87 vs XKLS:0285: 244.49

Mercury Securities Group Bhd Cash-to-Debt Historical Data

The historical data trend for Mercury Securities Group Bhd'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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Mercury Securities Group Bhd Cash-to-Debt Chart

Mercury Securities Group Bhd Annual Data

Trend

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

79.15

65.46

47.75

79.31

244.49

Mercury Securities Group Bhd Semi-Annual Data
	Oct19	Oct20	Oct21	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial			47.75	N/A	79.31	198.91	244.49

Competitive Comparison of Mercury Securities Group Bhd's Cash-to-Debt

For the Capital Markets subindustry, Mercury Securities Group Bhd'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.

Mercury Securities Group Bhd's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Mercury Securities Group Bhd's Cash-to-Debt distribution charts can be found below:

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

Mercury Securities Group Bhd 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.

Mercury Securities Group Bhd'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)
	=	83.615	/	(0.202	+	0.14)
	=	244.49

Mercury Securities Group Bhd'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)
	=	83.615	/	(0.202	+	0.14)
	=	244.49

Mercury Securities Group Bhd (XKLS:0285) 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.

Mercury Securities Group Bhd Cash-to-Debt Related Terms

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Mercury Securities Group Bhd (XKLS:0285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Mercury Securities Group Bhd (XKLS:0285) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 Jalan Solaris, L-7-2, Solaris Mont Kiara, Kuala Lumpur, MYS, 50480

Website

https://www.mercurysecurities.com.my

Mercury Securities Group Bhd is an investment holding company and through its subsidiaries, It is principally engaged in stockbroking, corporate finance advisory and other related businesses as well as the provision of nominee and custodian services. Mercury provides stockbroking services comprising execution of trades of securities listed on Bursa Securities and foreign stock exchanges mainly in Singapore, Hong Kong and the USA, as well as margin financing facility services, nominees, custodians and related services. It is also licensed by the Securities Commission Malaysia to undertake regulated corporate finance activities as a Principal or Independent Advisor.

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