M&L Holdings Group (HKSE:08152) Cash-to-Debt : 0.95 (As of Dec. 2023)

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What is M&L 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. M&L Holdings Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.95.

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

HKSE:08152' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.68 Med: 0.95 Max: 3.46
Current: 0.95

During the past 9 years, M&L Holdings Group's highest Cash to Debt Ratio was 3.46. The lowest was 0.68. And the median was 0.95.

HKSE:08152's Cash-to-Debt is ranked better than
59.29% of 140 companies
in the Industrial Distribution industry
Industry Median: 0.59 vs HKSE:08152: 0.95

M&L Holdings Group Cash-to-Debt Historical Data

The historical data trend for M&L 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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M&L Holdings Group Cash-to-Debt Chart

M&L Holdings Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.81

0.73

0.68

0.80

0.95

M&L 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															0.80	N/A	0.87	N/A	0.95

Competitive Comparison of M&L Holdings Group's Cash-to-Debt

For the Industrial Distribution subindustry, M&L 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.

M&L Holdings Group's Cash-to-Debt Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, M&L Holdings Group's Cash-to-Debt distribution charts can be found below:

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

M&L 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.

M&L 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)
	=	28.304	/	(25.936	+	4.022)
	=	0.94

M&L 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)
	=	28.304	/	(25.936	+	4.022)
	=	0.94

M&L Holdings Group (HKSE:08152) 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.

M&L Holdings Group Cash-to-Debt Related Terms

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M&L Holdings Group (HKSE:08152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » M&L Holdings Group Ltd (HKSE:08152) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

17-19 Chatham Road South, 21st Floor, Empress Plaza, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://www.mleng.com

M&L Holdings Group Ltd is an investment holding. The principal activities of the group are trading and lease of construction machinery and spare parts. It is segmented into Tunnelling and Foundation. The company generates maximum revenue from the Tunnelling segment. Its Tunnelling segment is engaged in the supply of specialised cutting tools and parts for construction equipment. The Foundation segment is engaged in the supply of fabricated construction steel works and equipment. Geographically, the organization has a business presence in Hong Kong, Singapore, and other Asia-Pacific countries, China and other countries, of which key revenue is generated from Hong Kong.

Executives

Cheung King
Ng Yuk Sheung
Jat United Company Limited
Law So Lin
Ng Lai Ming

M&L Holdings Group (HKSE:08152) Headlines

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