MusicMagpie (LSE:MMAG) Cash-to-Debt

: 0.32 (As of Nov. 2023)

View and export this data going back to 2021. Start your Free Trial

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. MusicMagpie's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.32.

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, MusicMagpie couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

LSE:MMAG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.34 Max: 1.01
Current: 0.32

During the past 6 years, MusicMagpie's highest Cash to Debt Ratio was 1.01. The lowest was 0.06. And the median was 0.34.

LSE:MMAG's Cash-to-Debt is ranked worse than
57.96% of 1106 companies
in the Retail - Cyclical industry
Industry Median: 0.47 vs LSE:MMAG: 0.32

MusicMagpie Cash-to-Debt Historical Data

The historical data trend for MusicMagpie'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.

* Premium members only.

MusicMagpie Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

0.11

0.37

1.01

0.36

0.32

MusicMagpie Semi-Annual Data
	Nov18	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash-to-Debt						1.01	0.35	0.36	0.22	0.32

Competitive Comparison

For the Specialty Retail subindustry, MusicMagpie'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.

MusicMagpie Cash-to-Debt Distribution

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

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

MusicMagpie 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.

MusicMagpie's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
	=	7.6	/	(1.034	+	23.078)
	=	0.32

MusicMagpie's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	7.6	/	(1.034	+	23.078)
	=	0.32

MusicMagpie (LSE:MMAG) 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.

MusicMagpie Cash-to-Debt Related Terms

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

MusicMagpie (LSE:MMAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MusicMagpie PLC (LSE:MMAG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Railway Road, One Stockport Exchange, First Floor, Stockport, Cheshire, GBR, SK1 3SW

Website

https://www.musicmagpieplc.com

MusicMagpie PLC is a leader in e-commerce in the UK and US in the circular economy of consumer technology such as smartphones, tablets, consoles and personal computers, books and disc media including CDs, DVDs and video games. The company's segment includes Technology; Media and Books. It generates maximum revenue from the Technology segment.

MusicMagpie (LSE:MMAG) Headlines

No Headlines