Ellington Credit Co (FRA:73Z) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Ellington Credit Co 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. Ellington Credit Co's cash to debt ratio for the quarter that ended in Mar. 2024 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, Ellington Credit Co could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 Ellington Credit Co's Cash-to-Debt or its related term are showing as below:

FRA:73Z' 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 12 years, Ellington Credit Co's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

FRA:73Z's Cash-to-Debt is ranked better than
99.93% of 1470 companies
in the Asset Management industry
Industry Median: 6 vs FRA:73Z: No Debt

Ellington Credit Co Cash-to-Debt Historical Data

The historical data trend for Ellington Credit Co'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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Ellington Credit Co Cash-to-Debt Chart

Ellington Credit Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Ellington Credit Co 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Ellington Credit Co's Cash-to-Debt

For the Asset Management subindustry, Ellington Credit Co'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.

Ellington Credit Co's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Ellington Credit Co's Cash-to-Debt falls into.

Ellington Credit Co 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.

Ellington Credit Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Ellington Credit Co had no debt ⁽¹⁾.

Ellington Credit Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Ellington Credit Co had no debt ⁽¹⁾.

Ellington Credit Co (FRA:73Z) 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.

Ellington Credit Co Cash-to-Debt Related Terms

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

Ellington Credit Co (FRA:73Z) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ellington Credit Co (FRA:73Z) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

EARN:USA

Address

53 Forest Avenue, Old Greenwich, CT, USA, 06870

Website

http://www.earnreit.com

Ellington Residential Mortgage REIT is principally engaged in the business of acquiring, investing in, and managing residential mortgage- and real estate-related assets through its wholly-owned subsidiaries. The company's primary objective is to generate attractive current yields and risk-adjusted total returns for shareholders by investing in assets that compensate appropriately for the risks associated with them.

Ellington Credit Co (FRA:73Z) Headlines

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Ellington Credit Co (FRA:73Z) Cash-to-Debt : No Debt (1) (As of Mar. 2024)