MPC Container Ships ASA (OSL:MPCC) Cash-to-Debt : 1.14 (As of Mar. 2024)

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What is MPC Container Ships ASA 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. MPC Container Ships ASA's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.14.

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, MPC Container Ships ASA could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for MPC Container Ships ASA's Cash-to-Debt or its related term are showing as below:

OSL:MPCC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.29 Max: No Debt
Current: 1.14

During the past 7 years, MPC Container Ships ASA's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 0.29.

OSL:MPCC's Cash-to-Debt is ranked better than
68.98% of 964 companies
in the Transportation industry
Industry Median: 0.48 vs OSL:MPCC: 1.14

MPC Container Ships ASA Cash-to-Debt Historical Data

The historical data trend for MPC Container Ships ASA'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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MPC Container Ships ASA Cash-to-Debt Chart

MPC Container Ships ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.10

0.68

0.63

0.95

MPC Container Ships ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.74	0.66	0.53	0.95	1.14

Competitive Comparison of MPC Container Ships ASA's Cash-to-Debt

For the Marine Shipping subindustry, MPC Container Ships ASA'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.

MPC Container Ships ASA's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MPC Container Ships ASA's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where MPC Container Ships ASA's Cash-to-Debt falls into.

MPC Container Ships ASA 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.

MPC Container Ships ASA'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)
	=	1260.97	/	(354.08	+	980.577)
	=	0.94

MPC Container Ships ASA's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	1529.32	/	(411.155	+	932.835)
	=	1.14

MPC Container Ships ASA (OSL:MPCC) 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.

MPC Container Ships ASA Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of MPC Container Ships ASA's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

MPC Container Ships ASA (OSL:MPCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MPC Container Ships ASA (OSL:MPCC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MPZZF:USA MPCCo:Sweden MP2:Germany

Address

Ruseløkkveien 34, Oslo, NOR, N-0251

Website

https://www.mpc-container.com

MPC Container Ships ASA is a Norway based company that engages in the investment in and operation of shipping assets. The group's principal business activity is to invest in and operate maritime assets in the container shipping segment. It owns and operates container shops and feeder vessels that are chartered out to liner shipping companies and regional carriers. The group earns revenue from seaborne container transportation globally. The group has one reporting segment as it employs one type of vessel; Container Vessels.

MPC Container Ships ASA (OSL:MPCC) Headlines

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