Ameritrans Capital (Ameritrans Capital) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2013)

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What is Ameritrans Capital 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. Ameritrans Capital's cash to debt ratio for the quarter that ended in Mar. 2013 was No Debt ⁽¹⁾.

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, Ameritrans Capital could pay off its debt using the cash in hand for the quarter that ended in Mar. 2013.

(1) 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.

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

AMTPQ.PFD's Cash-to-Debt is not ranked ^*
in the Asset Management industry.
Industry Median: 5.72
* Ranked among companies with meaningful Cash-to-Debt only.

Ameritrans Capital Cash-to-Debt Historical Data

The historical data trend for Ameritrans Capital'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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Ameritrans Capital Cash-to-Debt Chart

Ameritrans Capital Annual Data

Trend

Jun03

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Cash-to-Debt

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0.02

0.07

0.29

0.16

0.01

Ameritrans Capital Quarterly Data
	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13
Cash-to-Debt	Get a 7-Day Free Trial															0.11	0.01	0.01	0.07	No Debt

Competitive Comparison of Ameritrans Capital's Cash-to-Debt

For the Asset Management subindustry, Ameritrans Capital'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.

Ameritrans Capital's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ameritrans Capital's Cash-to-Debt distribution charts can be found below:

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

Ameritrans Capital Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Ameritrans Capital's Cash to Debt Ratio for the fiscal year that ended in Jun. 2012 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.184	/	(0	+	21.175)
	=	0.01

Ameritrans Capital's Cash to Debt Ratio for the quarter that ended in Mar. 2013 is calculated as:

Ameritrans Capital had no debt ⁽¹⁾.

Ameritrans Capital (OTCPK:AMTPQ.PFD) 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.

Ameritrans Capital Cash-to-Debt Related Terms

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

Ameritrans Capital (Ameritrans Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ameritrans Capital Corp (OTCPK:AMTPQ.PFD) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

50 Jericho Quadrange, Suite 109, Jericho, NY, USA, 11753

Website

http://www.ameritranscapital.com

Ameritrans Capital Corp is a closed-end investment company. The company makes loans and investments with the goal of generating both current income and capital appreciation.