Medibank Private (ASX:MPL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Medibank Private 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. Medibank Private's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Medibank Private could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

ASX:MPL' s Cash-to-Debt Range Over the Past 10 Years
Min: 8.61 Med: No Debt Max: No Debt
Current: No Debt

During the past 9 years, Medibank Private's highest Cash to Debt Ratio was No Debt. The lowest was 8.61. And the median was No Debt.

ASX:MPL's Cash-to-Debt is ranked better than
99.59% of 482 companies
in the Insurance industry
Industry Median: 1.83 vs ASX:MPL: No Debt

Medibank Private Cash-to-Debt Historical Data

The historical data trend for Medibank Private'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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Medibank Private Cash-to-Debt Chart

Medibank Private Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

Medibank Private Semi-Annual Data
	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														No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Medibank Private's Cash-to-Debt

For the Insurance - Specialty subindustry, Medibank Private'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.

Medibank Private's Cash-to-Debt Distribution in the Insurance Industry

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

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

Medibank Private Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Medibank Private's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Medibank Private had no debt ⁽¹⁾.

Medibank Private's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Medibank Private had no debt ⁽¹⁾.

Medibank Private (ASX:MPL) 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.

Medibank Private Cash-to-Debt Related Terms

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

Medibank Private (ASX:MPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Medibank Private Ltd (ASX:MPL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MDBPF:USA

Address

720 Bourke Street, Level 6, Docklands, VIC, AUS, 3008

Website

https://www.medibank.com.au

Previously owned by the Australian government, Medibank is the largest health insurer in Australia. Its two brands, Medibank Private and ahm, cover around 5 million people. Medibank and Australia's fourth-largest health fund NIB Holdings are the only listed health insurers. In addition to private health insurance, the firm provides life, pet, and travel insurance, as well as health insurance for overseas students and temporary overseas workers. The Medibank Health division provides healthcare services to businesses, governments, and communities across Australia and New Zealand.

Medibank Private (ASX:MPL) Headlines

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Medibank Private (ASX:MPL) Cash-to-Debt : No Debt (1) (As of Dec. 2023)