MHM Automation (NZSE:MHM) Cash-to-Debt : 0.16 (As of Jun. 2023)

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What is MHM Automation 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. MHM Automation's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.16.

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, MHM Automation couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for MHM Automation's Cash-to-Debt or its related term are showing as below:

NZSE:MHM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.13 Max: 8.9
Current: 0.16

During the past 13 years, MHM Automation's highest Cash to Debt Ratio was 8.90. The lowest was 0.00. And the median was 0.13.

NZSE:MHM's Cash-to-Debt is not ranked
in the Industrial Products industry.
Industry Median: 1.23 vs NZSE:MHM: 0.16

MHM Automation Cash-to-Debt Historical Data

The historical data trend for MHM Automation'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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MHM Automation Cash-to-Debt Chart

MHM Automation Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

0.58

0.36

7.23

8.90

0.16

MHM Automation Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															7.23	1.98	8.90	9.49	0.16

Competitive Comparison of MHM Automation's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, MHM Automation'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.

MHM Automation's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, MHM Automation's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where MHM Automation's Cash-to-Debt falls into.

MHM Automation 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.

MHM Automation'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)
	=	8.099	/	(4.478	+	46.028)
	=	0.16

MHM Automation'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)
	=	8.099	/	(4.478	+	46.028)
	=	0.16

MHM Automation (NZSE:MHM) 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.

MHM Automation Cash-to-Debt Related Terms

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MHM Automation (NZSE:MHM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MHM Automation Ltd (NZSE:MHM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

53 Lunns Road, Middleton, Christchurch, CT, NZL, 8042

Website

https://www.mhmautomation.com

MHM Automation Ltd is engaged in designing and supplying automated systems and equipment for food processing and logistics sectors. The product portfolio includes reverse packaging and materials handling equipment, chilling and freezing systems, and equipment for dairy and food processing.

MHM Automation (NZSE:MHM) Headlines

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