Multi Retail Group (XTAE:MRG) Cash-to-Debt : 0.03 (As of Jun. 2024)

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What is Multi Retail 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. Multi Retail Group's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.03.

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, Multi Retail Group 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 Multi Retail Group's Cash-to-Debt or its related term are showing as below:

XTAE:MRG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 0.53
Current: 0.03

During the past 7 years, Multi Retail Group's highest Cash to Debt Ratio was 0.53. The lowest was 0.01. And the median was 0.07.

XTAE:MRG's Cash-to-Debt is ranked worse than
93.28% of 1116 companies
in the Retail - Cyclical industry
Industry Median: 0.43 vs XTAE:MRG: 0.03

Multi Retail Group Cash-to-Debt Historical Data

The historical data trend for Multi Retail 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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Multi Retail Group Cash-to-Debt Chart

Multi Retail Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.08

0.27

0.18

0.08

0.02

Multi Retail Group Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.01	0.02	0.02	0.03

Competitive Comparison of Multi Retail Group's Cash-to-Debt

For the Home Improvement Retail subindustry, Multi Retail 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.

Multi Retail Group's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Multi Retail Group's Cash-to-Debt distribution charts can be found below:

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

Multi Retail 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.

Multi Retail Group'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)
	=	11.49	/	(123.859	+	357.982)
	=	0.02

Multi Retail Group'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)
	=	12.121	/	(95.031	+	380.316)
	=	0.03

Multi Retail Group (XTAE:MRG) 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.

Multi Retail Group Cash-to-Debt Related Terms

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Multi Retail Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Multi Retail Group Ltd (XTAE:MRG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Moshe Levy 11, Rishon LeTsiyon, ISR, 756828

Website

https://www.ace.co.il

Multi Retail Group Ltd is a retail marketing chain of Home, Garden, and Car products. It offers Furniture, Electricity and Lighting, Bath and plumbing, Home maintenance, and Rugs among others.

Multi Retail Group Headlines

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