Menif Financial Services (XTAE:MNIF) Cash-to-Debt : 0.01 (As of Mar. 2024)

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What is Menif Financial Services 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. Menif Financial Services's cash to debt ratio for the quarter that ended in Mar. 2024 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, Menif Financial Services couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

XTAE:MNIF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.05
Current: 0.01

During the past 7 years, Menif Financial Services's highest Cash to Debt Ratio was 0.05. The lowest was 0.00. And the median was 0.01.

XTAE:MNIF's Cash-to-Debt is ranked worse than
94.44% of 504 companies
in the Credit Services industry
Industry Median: 0.23 vs XTAE:MNIF: 0.01

Menif Financial Services Cash-to-Debt Historical Data

The historical data trend for Menif Financial Services'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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Menif Financial Services Cash-to-Debt Chart

Menif Financial Services Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.05

0.04

0.01

Menif Financial Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Menif Financial Services's Cash-to-Debt

For the Credit Services subindustry, Menif Financial Services'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.

Menif Financial Services's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Menif Financial Services's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Menif Financial Services's Cash-to-Debt falls into.

Menif Financial Services 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.

Menif Financial Services'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)
	=	22.097	/	(684.731	+	1427.655)
	=	0.01

Menif Financial Services's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	19.672	/	(1187.113	+	1138.511)
	=	0.01

Menif Financial Services (XTAE:MNIF) 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.

Menif Financial Services Cash-to-Debt Related Terms

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

Menif Financial Services (XTAE:MNIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Menif Financial Services Ltd (XTAE:MNIF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jabotinsky 35, Ramat Gan, ISR, 52511

Website

https://www.menif.co.il

Menif Financial Services Ltd is engaged in providing mezzanine financing for equity to promoters and contractors in the construction industry. It offers financing for reinforcement and construction projects, small construction evacuation projects, and large-scale construction evacuation projects.

Menif Financial Services (XTAE:MNIF) Headlines

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