Millenniumpthorne Hotels New Zealand (NZSE:MCK) Cash-to-Debt : 2.60 (As of Dec. 2023)

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What is Millenniumpthorne Hotels New Zealand 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. Millenniumpthorne Hotels New Zealand's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.60.

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, Millenniumpthorne Hotels New Zealand could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Millenniumpthorne Hotels New Zealand's Cash-to-Debt or its related term are showing as below:

NZSE:MCK' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.47 Med: 2.63 Max: 11.92
Current: 2.6

During the past 13 years, Millenniumpthorne Hotels New Zealand's highest Cash to Debt Ratio was 11.92. The lowest was 1.47. And the median was 2.63.

NZSE:MCK's Cash-to-Debt is ranked better than
71.99% of 821 companies
in the Travel & Leisure industry
Industry Median: 0.6 vs NZSE:MCK: 2.60

Millenniumpthorne Hotels New Zealand Cash-to-Debt Historical Data

The historical data trend for Millenniumpthorne Hotels New Zealand'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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Millenniumpthorne Hotels New Zealand Cash-to-Debt Chart

Millenniumpthorne Hotels New Zealand Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.65

4.58

11.92

7.64

2.60

Millenniumpthorne Hotels New Zealand Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															11.92	7.85	7.64	5.89	2.60

Competitive Comparison of Millenniumpthorne Hotels New Zealand's Cash-to-Debt

For the Lodging subindustry, Millenniumpthorne Hotels New Zealand'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.

Millenniumpthorne Hotels New Zealand's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Millenniumpthorne Hotels New Zealand's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Millenniumpthorne Hotels New Zealand's Cash-to-Debt falls into.

Millenniumpthorne Hotels New Zealand 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.

Millenniumpthorne Hotels New Zealand'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)
	=	102.192	/	(12.183	+	27.111)
	=	2.60

Millenniumpthorne Hotels New Zealand'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)
	=	102.192	/	(12.183	+	27.111)
	=	2.60

Millenniumpthorne Hotels New Zealand (NZSE:MCK) 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.

Millenniumpthorne Hotels New Zealand Cash-to-Debt Related Terms

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

Millenniumpthorne Hotels New Zealand (NZSE:MCK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Millennium & Copthorne Hotels New Zealand Ltd (NZSE:MCK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MCKPA.PFD:New Zealand

Address

23 Customs Street East, Victoria Street West, Level 7, PO Box 5640,, Auckland, NZL, 1142

Website

https://www.millenniumhotels.com

Millennium & Copthorne Hotels New Zealand Ltd is engaged in the ownership and operation of hotels in New Zealand. In addition, the group is also involved in the residential development and sale of land in New Zealand and the development and sale of residential units in Australia. The operating segments of the group are Hotel operations which comprise income from the ownership and management of hotels, Residential land development, comprising the development and sale of land and Residential and commercial property development, comprising the development and sale of residential apartments. The majority of the revenue is generated from the Hotel operations segment. The company operates in the geographical areas of New Zealand and Australia.