Millennium Group International Holdings (Millennium Group International Holdings) Cash-to-Debt : 2.03 (As of Jun. 2023)

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What is Millennium Group International 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. Millennium Group International Holdings's cash to debt ratio for the quarter that ended in Jun. 2023 was 2.03.

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, Millennium Group International Holdings could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

MGIH' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.01 Med: 1.13 Max: 2.03
Current: 2.03

During the past 3 years, Millennium Group International Holdings's highest Cash to Debt Ratio was 2.03. The lowest was 1.01. And the median was 1.13.

MGIH's Cash-to-Debt is ranked better than
71.5% of 379 companies
in the Packaging & Containers industry
Industry Median: 0.41 vs MGIH: 2.03

Millennium Group International Holdings Cash-to-Debt Historical Data

The historical data trend for Millennium Group International 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.

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Millennium Group International Holdings Cash-to-Debt Chart

Millennium Group International Holdings Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

1.01

1.13

2.03

Millennium Group International Holdings Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	1.01	N/A	1.13	1.87	2.03

Competitive Comparison of Millennium Group International Holdings's Cash-to-Debt

For the Packaging & Containers subindustry, Millennium Group International 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.

Millennium Group International Holdings's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Millennium Group International Holdings's Cash-to-Debt distribution charts can be found below:

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

Millennium Group International 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.

Millennium Group International Holdings's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	27.577	/	(13.563	+	0.038)
	=	2.03

Millennium Group International Holdings's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	27.577	/	(13.563	+	0.038)
	=	2.03

Millennium Group International Holdings (NAS:MGIH) 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.

Millennium Group International Holdings Cash-to-Debt Related Terms

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Millennium Group International Holdings (Millennium Group International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Millennium Group International Holdings Ltd (NAS:MGIH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rm 2722, 27/F, No.1 Hung To Road, Kwun Tong, Kowloon, Hong Kong, HKG, 999077

Website

https://www.millennium-gp.com

Millennium Group International Holdings Ltd is a paper-based packaging solutions supplier. It offers paper-based inner and outer packaging products which can be broadly categorized into packaging products and corrugated products.

Millennium Group International Holdings (Millennium Group International Holdings) Headlines

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