Matrix Composites & Engineering (ASX:MCE) Cash-to-Debt : 0.51 (As of Dec. 2023)

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What is Matrix Composites & Engineering 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. Matrix Composites & Engineering's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.51.

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, Matrix Composites & Engineering 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 Matrix Composites & Engineering's Cash-to-Debt or its related term are showing as below:

ASX:MCE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 1.2 Max: 20.79
Current: 0.51

During the past 13 years, Matrix Composites & Engineering's highest Cash to Debt Ratio was 20.79. The lowest was 0.26. And the median was 1.20.

ASX:MCE's Cash-to-Debt is ranked worse than
55.02% of 1665 companies
in the Construction industry
Industry Median: 0.63 vs ASX:MCE: 0.51

Matrix Composites & Engineering Cash-to-Debt Historical Data

The historical data trend for Matrix Composites & Engineering'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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Matrix Composites & Engineering Cash-to-Debt Chart

Matrix Composites & Engineering Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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1.29

0.52

0.26

0.28

0.56

Matrix Composites & Engineering Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.28	0.28	0.30	0.56	0.51

Competitive Comparison of Matrix Composites & Engineering's Cash-to-Debt

For the Engineering & Construction subindustry, Matrix Composites & Engineering'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.

Matrix Composites & Engineering's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Matrix Composites & Engineering's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Matrix Composites & Engineering's Cash-to-Debt falls into.

Matrix Composites & Engineering 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.

Matrix Composites & Engineering'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)
	=	20.018	/	(0.726	+	34.757)
	=	0.56

Matrix Composites & Engineering'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)
	=	23.252	/	(5.889	+	39.517)
	=	0.51

Matrix Composites & Engineering (ASX:MCE) 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.

Matrix Composites & Engineering Cash-to-Debt Related Terms

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

Matrix Composites & Engineering (ASX:MCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Matrix Composites & Engineering Ltd (ASX:MCE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

8ME:Germany

Address

150 Quill Way, Henderson, Perth, WA, AUS, 6166

Website

https://www.matrixengineered.com

Matrix Composites & Engineering Ltd is a manufacturer of engineered products and service for the offshore oil and gas, civil and infrastructure, and defence industry. The group is also involved in the businesses of manufacturing and supplying capital drilling equipment, consisting of syntactic foam buoyancy; manufacture and supply of subsea umbilical risers and flowline (SURF) ancillary equipment and associated services; and manufacture and supply of well construction products, including centralizers and conductors. Its products consist of buoyancy systems, epoxy resin systems, energy absorption systems, reinforced thermoplastics and others. It operates in Australia and internationally.

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