Mayfield Childcare (ASX:MFD) Cash-to-Debt : 0.00 (As of Dec. 2023)

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What is Mayfield Childcare 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. Mayfield Childcare's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.00.

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, Mayfield Childcare 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 Mayfield Childcare's Cash-to-Debt or its related term are showing as below:

During the past 8 years, Mayfield Childcare's highest Cash to Debt Ratio was 0.20. The lowest was 0.00. And the median was 0.03.

ASX:MFD's Cash-to-Debt is not ranked ^*
in the Personal Services industry.
Industry Median: 0.58
* Ranked among companies with meaningful Cash-to-Debt only.

Mayfield Childcare Cash-to-Debt Historical Data

The historical data trend for Mayfield Childcare'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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Mayfield Childcare Cash-to-Debt Chart

Mayfield Childcare Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.02

0.04

0.02

Mayfield Childcare Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										0.02	0.02	0.02	-	-

Competitive Comparison of Mayfield Childcare's Cash-to-Debt

For the Personal Services subindustry, Mayfield Childcare'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.

Mayfield Childcare's Cash-to-Debt Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Mayfield Childcare's Cash-to-Debt distribution charts can be found below:

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

Mayfield Childcare 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.

Mayfield Childcare'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)
	=	0.363	/	(14.369	+	146.045)
	=	0.00

Mayfield Childcare'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)
	=	0.363	/	(14.369	+	146.045)
	=	0.00

Mayfield Childcare (ASX:MFD) 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.

Mayfield Childcare Cash-to-Debt Related Terms

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Mayfield Childcare (ASX:MFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Mayfield Childcare Ltd (ASX:MFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

207-213 Waverley Road, Suite 2, Ground Floor, Malvern East, VIC, AUS, 3145

Website

https://www.mayfieldchildcare.com.au

Mayfield Childcare Ltd provides a combination of care and education services for children. The company owns long day childcare centers located in and around metropolitan Melbourne. It continues to operate in one operating segment, as a long day childcare services provider.