FRMO (FRMO) Cash-to-Debt : No Debt ⁽¹⁾ (As of May. 2014)

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What is FRMO 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. FRMO's cash to debt ratio for the quarter that ended in May. 2014 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, FRMO could pay off its debt using the cash in hand for the quarter that ended in May. 2014.

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

FRMO's Cash-to-Debt is not ranked ^*
in the Asset Management industry.
Industry Median: 5.005
* Ranked among companies with meaningful Cash-to-Debt only.

FRMO Cash-to-Debt Historical Data

The historical data trend for FRMO'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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FRMO Cash-to-Debt Chart

FRMO Annual Data

Trend

Feb00

Feb01

Feb02

Feb03

Feb04

May12

May13

May14

Cash-to-Debt

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No Debt

FRMO Semi-Annual Data
	Feb00	Feb01	Feb02	Feb03	Feb04	May12	May13	May14
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of FRMO's Cash-to-Debt

For the Asset Management subindustry, FRMO'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.

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

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

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

FRMO 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.

FRMO's Cash to Debt Ratio for the fiscal year that ended in May. 2014 is calculated as:

FRMO had no debt ⁽¹⁾.

FRMO's Cash to Debt Ratio for the quarter that ended in May. 2014 is calculated as:

FRMO had no debt ⁽¹⁾.

FRMO (OTCPK:FRMO) 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.

FRMO Cash-to-Debt Related Terms

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FRMO Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 North Lexington Avenue, Suite 12C, White Plains, NY, USA, 10601

Website

https://www.frmocorp.com

FRMO Corp is an intellectual capital firm identifying and managing investment strategies and business opportunities.

Executives

Steven Bregman	director, 10 percent owner, officer: President	HORIZON KINETICS LLC, 470 PARK AVENUE SOUTH, 4TH FLOOR SOUTH, NEW YORK NY 10016
Santa Monica Partners Lp	director	1865 PALMER AVENUE, LARCHMONT NY 10538
Lawrence J Goldstein	director	1865 PALMER AVE 108, LARCHMONT NY 10538
Jay P Hirschson	director	747 GREENWICH ST, SUITE 400, NEW YORK NY 10014
Murray Stahl	director, 10 percent owner, officer: CEO	C/O HORIZON KINETICS LLC, 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
Peter Doyle	director, 10 percent owner, officer: Vice President, other: Secretary	470 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10016
Lester J Tanner	director, officer: Secretary	100 PARK AVENUE SUITE 3302, NEW YORK NY 10017
Allan Kornfeld	director	123 WILD DUNES WAY, JACKSON NJ 08527