Mi Ming Mart Holdings (HKSE:08473) Cash-to-Debt : 5.64 (As of Sep. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Mi Ming Mart Holdings 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. Mi Ming Mart Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 5.64.

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, Mi Ming Mart Holdings could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

HKSE:08473' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.82 Med: 7.58 Max: No Debt
Current: 5.64

During the past 9 years, Mi Ming Mart Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 2.82. And the median was 7.58.

HKSE:08473's Cash-to-Debt is ranked better than
85.19% of 1107 companies
in the Retail - Cyclical industry
Industry Median: 0.47 vs HKSE:08473: 5.64

Mi Ming Mart Holdings Cash-to-Debt Historical Data

The historical data trend for Mi Ming Mart Holdings'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.

Mi Ming Mart Holdings Cash-to-Debt Chart

Mi Ming Mart Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

7.25

7.89

7.44

6.17

Mi Ming Mart Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															7.94	N/A	6.17	N/A	5.64

Competitive Comparison of Mi Ming Mart Holdings's Cash-to-Debt

For the Specialty Retail subindustry, Mi Ming Mart Holdings'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.

Mi Ming Mart Holdings's Cash-to-Debt Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Mi Ming Mart Holdings's Cash-to-Debt falls into.

Mi Ming Mart Holdings 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.

Mi Ming Mart Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	78.687	/	(7.57	+	5.175)
	=	6.17

Mi Ming Mart Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	74.861	/	(8.263	+	5.001)
	=	5.64

Mi Ming Mart Holdings (HKSE:08473) 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.

Mi Ming Mart Holdings Cash-to-Debt Related Terms

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

Mi Ming Mart Holdings (HKSE:08473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mi Ming Mart Holdings Ltd (HKSE:08473) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Pennington Street, 16th Floor, Guangdong Tours Centre, Hong Kong, HKG

Website

https://www.mimingmart.com

Mi Ming Mart Holdings Ltd is an investment holding company. The company's only reporting segment is the marketing, selling, and distributing of a wide range of beauty and health products. It generates revenue from Skincare, Cosmetics, Food and health supplements, and Other products. Geographically, it derives revenue from Hong Kong. Most of its revenue gets derived from the sale of goods, provision of beauty services and consignment income..

Mi Ming Mart Holdings (HKSE:08473) Headlines

No Headlines