Millicom International Cellular (Millicom International Cellular) Cash-to-Debt : 0.10 (As of Dec. 2023)

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What is Millicom International Cellular 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. Millicom International Cellular's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.10.

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, Millicom International Cellular 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 Millicom International Cellular's Cash-to-Debt or its related term are showing as below:

TIGO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.15 Max: 0.22
Current: 0.1

During the past 13 years, Millicom International Cellular's highest Cash to Debt Ratio was 0.22. The lowest was 0.10. And the median was 0.15.

TIGO's Cash-to-Debt is ranked worse than
75.45% of 387 companies
in the Telecommunication Services industry
Industry Median: 0.37 vs TIGO: 0.10

Millicom International Cellular Cash-to-Debt Historical Data

The historical data trend for Millicom International Cellular'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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Millicom International Cellular Cash-to-Debt Chart

Millicom International Cellular Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.22

0.15

0.10

0.13

0.10

Millicom International Cellular 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															0.13	0.12	0.09	0.10	0.10

Competitive Comparison of Millicom International Cellular's Cash-to-Debt

For the Telecom Services subindustry, Millicom International Cellular'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.

Millicom International Cellular's Cash-to-Debt Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Millicom International Cellular's Cash-to-Debt distribution charts can be found below:

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

Millicom International Cellular 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.

Millicom International Cellular'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)
	=	775	/	(410	+	7330)
	=	0.10

Millicom International Cellular'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)
	=	775	/	(410	+	7330)
	=	0.10

Millicom International Cellular (NAS:TIGO) 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.

Millicom International Cellular Cash-to-Debt Related Terms

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Millicom International Cellular (Millicom International Cellular) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Millicom International Cellular SA (NAS:TIGO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TIGO SDB:Sweden TIGOs:UK 0GRK:UK M4M1:Germany M4M1:Germany M4M:Germany

Address

2, Rue du Fort Bourbon, Luxembourg, LUX, L-1249

Website

https://www.millicom.com

Millicom offers wireless and fixed-line telecom services primarily in smaller, less congested markets or in less developed countries in Latin America. Countries served include Bolivia (100% owned), Nicaragua (100%), Panama (100%), El Salvador (100%), Guatemala (100%), Paraguay (100%), Colombia (50%), Costa Rica (100%) and Honduras (67% but not controlled or consolidated in the firm's financial statements). The firm's fixed-line networks reach nearly 13 million homes while its wireless networks cover about 120 million people. Increasingly, Millicom offers a converged package that may include fixed-line phone, broadband, and pay television in conjunction with wireless services. The firm plans to carve out its infrastructure assets and mobile financial services business in 2023.