MidCap Financial Investment (MidCap Financial Investment) Cash-to-Debt : 0.04 (As of Mar. 2024)

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What is MidCap Financial Investment 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. MidCap Financial Investment's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.04.

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, MidCap Financial Investment couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

MFIC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.08
Current: 0.04

During the past 13 years, MidCap Financial Investment's highest Cash to Debt Ratio was 0.08. The lowest was 0.01. And the median was 0.02.

MFIC's Cash-to-Debt is ranked worse than
91.14% of 1468 companies
in the Asset Management industry
Industry Median: 5.66 vs MFIC: 0.04

MidCap Financial Investment Cash-to-Debt Historical Data

The historical data trend for MidCap Financial Investment'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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MidCap Financial Investment Cash-to-Debt Chart

MidCap Financial Investment Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Dec23

Cash-to-Debt

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0.04

0.02

0.04

0.02

0.08

MidCap Financial Investment 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															0.05	0.03	0.03	0.08	0.04

Competitive Comparison of MidCap Financial Investment's Cash-to-Debt

For the Asset Management subindustry, MidCap Financial Investment'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.

MidCap Financial Investment's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where MidCap Financial Investment's Cash-to-Debt falls into.

MidCap Financial Investment 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.

MidCap Financial Investment's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 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)
	=	122.128	/	(0	+	1462.267)
	=	0.08

MidCap Financial Investment's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	49.612	/	(0	+	1405.121)
	=	0.04

MidCap Financial Investment (NAS:MFIC) 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.

MidCap Financial Investment Cash-to-Debt Related Terms

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

MidCap Financial Investment (MidCap Financial Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » MidCap Financial Investment Corp (NAS:MFIC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

55O1:Germany

Address

9 West 57th Street, 37th Floor, New York, NY, USA, 10019

Website

https://www.midcapfinancialic.com

MidCap Financial Investment Corp is an externally managed, publicly traded, Business Development Company, focused on providing senior debt solutions to middle market companies.

Executives

Ryan Delgiudice	officer: Chief Compliance Officer	1520 E. GRAND AVENUE, EL SEGUNDO CA 90245
Mcnulty Ted Aymond Jr.	officer: President	9 WEST 57TH STREET, NEW YORK NY 10019
Tanner Powell	officer: Chief Executive Officer	C/O APOLLO INVESTMENT CORPORATION, 9 W. 57TH STREET, NEW YORK NY 10019
Emanuel R Pearlman	director	250 EAST 79TH STREET, NEW YORK NY 10075
Whonder Carmencita N.m.	director	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Howard Widra	officer: President	9 WEST 57TH STREET, 37TH FLOOR, NEW YORK NY 10019
Kristin Hester	officer: See Remarks	9 WEST 57TH STREET, NEW YORK NY 10019
John J Hannan	director	9 WEST 57TH STREET, NEW YORK NY 10019
Barbara Ruth Matas	director	9800 59TH AVENUE NORTH, MINNEAPOLIS MN 55442
Elliot Jr Stein	director	C/ COMMONWEALTH CAPITAL PARTNERS, 444 MADISON AVE, NEW YORK NY 10022
Amit Joshi	officer: Chief Accounting Officer	APOLLO INVESTMENT CORP., 9 WEST 57TH STREET, NEW YORK NY 10019
Hilary E. Ackermann	director	601 TRAVIS, SUITE 1400, HOUSTON TX 77002
Frank C Puleo	director	7425 PURPLE SAGE, GLENWILD, PARK CITY UT 84098
James C Zelter	director, officer: Chief Executive Officer	APOLLO INVESTMENT CORPORATION, 9 WEST 57TH STREET, 14TH FLOOR, NEW YORK NY 10019
Gregory W. Hunt	officer: CFO & TREASURER	730 5TH AVENUE, NEW YORK NY 10019