MEQYF (Mainstreet Equity) Cash-to-Debt : 0.03 (As of Sep. 2024)

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What is Mainstreet Equity 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. Mainstreet Equity's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.03.

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, Mainstreet Equity couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

MEQYF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.05
Current: 0.03

During the past 13 years, Mainstreet Equity's highest Cash to Debt Ratio was 0.05. The lowest was 0.00. And the median was 0.03.

MEQYF's Cash-to-Debt is ranked worse than
87.8% of 1771 companies
in the Real Estate industry
Industry Median: 0.25 vs MEQYF: 0.03

Mainstreet Equity Cash-to-Debt Historical Data

The historical data trend for Mainstreet Equity'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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Mainstreet Equity Cash-to-Debt Chart

Mainstreet Equity Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Cash-to-Debt

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0.03

0.01

0.03

0.05

0.03

Mainstreet Equity Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.05	0.09	0.10	0.03	0.03

Competitive Comparison of Mainstreet Equity's Cash-to-Debt

For the Real Estate Services subindustry, Mainstreet Equity'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.

Mainstreet Equity's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mainstreet Equity's Cash-to-Debt distribution charts can be found below:

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

Mainstreet Equity 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.

Mainstreet Equity's Cash to Debt Ratio for the fiscal year that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	36.045	/	(114.819	+	1103.005)
	=	0.03

Mainstreet Equity's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	36.045	/	(114.819	+	1103.005)
	=	0.03

Mainstreet Equity (OTCPK:MEQYF) 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.

Mainstreet Equity Cash-to-Debt Related Terms

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

Mainstreet Equity Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mainstreet Equity Corp (OTCPK:MEQYF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

9V4:Germany MEQ:Canada

Address

10th Avenue SE, Suite 305, Calgary, AB, CAN, T2G 0W2

Website

https://www.mainst.biz

Mainstreet Equity Corp is a residential real estate company. It is focused on the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. The business specializes in multi-family residential housing operating in a single segment. Geographically it operates in Canadian provinces including British Columbia, Alberta, Saskatchewan and Manitoba. The company generates revenue from rental income and others.