Mercantile Investment Trust (The) (LSE:MRC) Cash-to-Debt : 0.27 (As of Jan. 2024)

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What is Mercantile Investment Trust (The) 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. Mercantile Investment Trust (The)'s cash to debt ratio for the quarter that ended in Jan. 2024 was 0.27.

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, Mercantile Investment Trust (The) couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

The historical rank and industry rank for Mercantile Investment Trust (The)'s Cash-to-Debt or its related term are showing as below:

LSE:MRC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.54 Max: 1.48
Current: 0.27

During the past 13 years, Mercantile Investment Trust (The)'s highest Cash to Debt Ratio was 1.48. The lowest was 0.09. And the median was 0.54.

LSE:MRC's Cash-to-Debt is ranked worse than
73.78% of 1449 companies
in the Asset Management industry
Industry Median: 5.79 vs LSE:MRC: 0.27

Mercantile Investment Trust (The) Cash-to-Debt Historical Data

The historical data trend for Mercantile Investment Trust (The)'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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Mercantile Investment Trust (The) Cash-to-Debt Chart

Mercantile Investment Trust (The) Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

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0.41

0.09

0.20

0.48

0.27

Mercantile Investment Trust (The) Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.20	No Debt	0.48	No Debt	0.27

Competitive Comparison of Mercantile Investment Trust (The)'s Cash-to-Debt

For the Asset Management subindustry, Mercantile Investment Trust (The)'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.

Mercantile Investment Trust (The)'s Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mercantile Investment Trust (The)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Mercantile Investment Trust (The)'s Cash-to-Debt falls into.

Mercantile Investment Trust (The) 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.

Mercantile Investment Trust (The)'s Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 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)
	=	89.53	/	(0	+	327.934)
	=	0.27

Mercantile Investment Trust (The)'s Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	89.53	/	(0	+	327.934)
	=	0.27

Mercantile Investment Trust (The) (LSE:MRC) 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.

Mercantile Investment Trust (The) Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Mercantile Investment Trust (The)'s Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Mercantile Investment Trust (The) (LSE:MRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mercantile Investment Trust (The) PLC (LSE:MRC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MRCl:UK

Address

60 Victoria Embankment, London, GBR, EC4Y 0JP

Website

https://www.mercantileit.co.uk

Mercantile Investment Trust (The) PLC is an investment trust managed by JP Morgan Funds Limited. It aims to achieve capital growth through investing in a diversified portfolio of UK medium and smaller companies. The trust's investment portfolio consists of various sectors such as Consumer Services, Financials, Industrial, Technology, Health Care, Basic Materials, Telecommunications, Utilities, Consumer Goods, Real Estate, and Oil & Gas.