Mader Group (ASX:MAD) Cash-to-Debt : 0.34 (As of Dec. 2023)

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What is Mader 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. Mader Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.34.

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

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

ASX:MAD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.18 Max: 0.34
Current: 0.34

During the past 4 years, Mader Group's highest Cash to Debt Ratio was 0.34. The lowest was 0.00. And the median was 0.18.

ASX:MAD's Cash-to-Debt is ranked worse than
68.74% of 1062 companies
in the Business Services industry
Industry Median: 1 vs ASX:MAD: 0.34

Mader Group Cash-to-Debt Historical Data

The historical data trend for Mader 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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Mader Group Cash-to-Debt Chart

Mader Group Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

0.24

0.10

0.16

0.20

Mader Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					0.19	0.16	0.15	0.20	0.34

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

For the Specialty Business Services subindustry, Mader 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.

Mader Group's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Mader Group's Cash-to-Debt distribution charts can be found below:

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

Mader 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.

Mader Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	13.01	/	(16.45	+	47.954)
	=	0.20

Mader Group's Cash to Debt Ratio for the quarter 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)
	=	22.546	/	(21.469	+	44.44)
	=	0.34

Mader Group (ASX:MAD) 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.

Mader Group Cash-to-Debt Related Terms

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Mader Group (ASX:MAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mader Group Ltd (ASX:MAD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MADGF:USA

Address

2 George Wiencke Drive, Perth Airport, Suite A1, Hkew Alpha Building, Perth, WA, AUS, 6105

Website

https://www.madergroup.com.au

Mader Group Ltd is a maintenance services company that supplies tradespeople to resource industry customers. It provides specialized contract labour for the maintenance of heavy mobile equipment in the resources industry. The services provided include maintenance labour, field support, shutdown teams for overhauls, maintenance workshops, training of maintenance teams, and a range of other ancillary services. Its geographical segments include Australia, the United States, and others, of which the majority of the revenue comes from Australia.

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