Consolidated Firstfund Capital (TSXV:FFP) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Consolidated Firstfund 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. Consolidated Firstfund Capital's cash to debt ratio for the quarter that ended in Dec. 2023 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, Consolidated Firstfund Capital could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 Consolidated Firstfund Capital's Cash-to-Debt or its related term are showing as below:

TSXV:FFP' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Consolidated Firstfund Capital's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:FFP's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 5.72 vs TSXV:FFP: No Debt

Consolidated Firstfund Capital Cash-to-Debt Historical Data

The historical data trend for Consolidated Firstfund 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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Consolidated Firstfund Capital Cash-to-Debt Chart

Consolidated Firstfund Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Consolidated Firstfund Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Consolidated Firstfund Capital's Cash-to-Debt

For the Asset Management subindustry, Consolidated Firstfund 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.

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

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

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

Consolidated Firstfund Capital 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.

Consolidated Firstfund Capital's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Consolidated Firstfund Capital had no debt ⁽¹⁾.

Consolidated Firstfund Capital's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Consolidated Firstfund Capital had no debt ⁽¹⁾.

Consolidated Firstfund Capital (TSXV:FFP) 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.

Consolidated Firstfund Capital Cash-to-Debt Related Terms

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

Consolidated Firstfund Capital (TSXV:FFP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Consolidated Firstfund Capital Corp (TSXV:FFP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

837 West Hastings Street, Suite 304, Vancouver, BC, CAN, V6C 3N6

Website

https://www.firstfund.ca

Consolidated Firstfund Capital Corp engages in the provision of financial consulting relating to real estate development and venture capital activities in Canada and the United States. It specializes in property management, assisting companies to raise funds through equity, debt, or tax-favored investments, syndication and marketing of investments, and also through direct investments. Geographically, it has two segments, namely Canada and the United States, of which derive a majority of revenue from the United States.

Executives

William Douglas Grant

Director, Senior Officer

Consolidated Firstfund Capital (TSXV:FFP) Headlines

No Headlines

Consolidated Firstfund Capital (TSXV:FFP) Cash-to-Debt : No Debt (1) (As of Dec. 2023)