CMG Holdings Group (CMG Holdings Group) Cash-to-Debt : 0.31 (As of Dec. 2023)

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What is CMG Holdings 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. CMG Holdings Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.31.

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, CMG Holdings 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 CMG Holdings Group's Cash-to-Debt or its related term are showing as below:

CMGO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: 0.62 Max: 3.02
Current: 0.31

During the past 13 years, CMG Holdings Group's highest Cash to Debt Ratio was 3.02. The lowest was 0.31. And the median was 0.62.

CMGO's Cash-to-Debt is ranked worse than
72.13% of 1037 companies
in the Media - Diversified industry
Industry Median: 1.26 vs CMGO: 0.31

CMG Holdings Group Cash-to-Debt Historical Data

The historical data trend for CMG Holdings 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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CMG Holdings Group Cash-to-Debt Chart

CMG Holdings Group Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.02

2.16

0.93

0.42

0.31

CMG Holdings Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.42	0.29	0.24	0.13	0.31

Competitive Comparison of CMG Holdings Group's Cash-to-Debt

For the Advertising Agencies subindustry, CMG Holdings 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.

CMG Holdings Group's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, CMG Holdings Group's Cash-to-Debt distribution charts can be found below:

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

CMG Holdings 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.

CMG Holdings Group'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)
	=	0.241	/	(0.787	+	0)
	=	0.31

CMG Holdings 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)
	=	0.241	/	(0.787	+	0)
	=	0.31

CMG Holdings Group (OTCPK:CMGO) 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.

CMG Holdings Group Cash-to-Debt Related Terms

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

CMG Holdings Group (CMG Holdings Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » CMG Holdings Group Inc (OTCPK:CMGO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2130 North Lincoln Park West 8 North, Chicago, IL, USA, 60614

Website

https://www.cmgholdingsinc.com

CMG Holdings Group Inc is a full-service marketing and communications holding company. The company offers solutions in the areas of alternative advertising, social media marketing services, event management, and commercial rights. It operates in two segments: XA and CMG Holding group.

Executives

Glenn B Laken	director, officer: CEO	2130 N LINCOLN PARK WEST, APT 8N, CHICAGO IL 60614
David J Kovacs	director	153 EAST 32ND STREET, UNIT 3C, NEW YORK NY 10016
James Ennis	director, officer: Chief Financial Officer	5601 BISCAYNE BLVD., MIAMI FL 31337
Alan Morell	director, 10 percent owner, officer: CEO	5601 BISCAYNE BLVD., MIAMI FL 31337
Aaron Joseph Hashim	officer: President	PO BOX 2346, BAKERSFIELD CA 93303
Annette Lynn Davis	director, 10 percent owner	PO BOX 2346, BAKERSFIELD CA 93303
Jennifer Ann Davis	officer: Secretary	PO BOX 2346, BAKERSFIELD CA 93303
Lesa Marie Hashim	officer: Treasurer	PO BOX 2346, BAKERSFIELD CA 93303