MFGI (Merchants Financial Group) Cash-to-Debt : 2.63 (As of Sep. 2024)

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What is Merchants Financial Group 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. Merchants Financial Group's cash to debt ratio for the quarter that ended in Sep. 2024 was 2.63.

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, Merchants Financial Group could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

MFGI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.75 Med: 2.63 Max: 15.22
Current: 2.63

During the past 4 years, Merchants Financial Group's highest Cash to Debt Ratio was 15.22. The lowest was 0.75. And the median was 2.63.

MFGI's Cash-to-Debt is ranked better than
66.56% of 1498 companies
in the Banks industry
Industry Median: 1.295 vs MFGI: 2.63

Merchants Financial Group Cash-to-Debt Historical Data

The historical data trend for Merchants Financial Group'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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Merchants Financial Group Cash-to-Debt Chart

Merchants Financial Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

1.43

7.22

15.22

4.26

Merchants Financial Group Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial							2.78	0.75	0.84	0.79	2.63

Competitive Comparison of Merchants Financial Group's Cash-to-Debt

For the Banks - Regional subindustry, Merchants Financial Group'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.

Merchants Financial Group's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Merchants Financial Group's Cash-to-Debt distribution charts can be found below:

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

Merchants Financial Group 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.

Merchants Financial Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	227.191	/	(0	+	53.374)
	=	4.26

Merchants Financial Group's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	119.978	/	(0	+	45.631)
	=	2.63

Merchants Financial Group (OTCPK:MFGI) 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.

Merchants Financial Group Cash-to-Debt Related Terms

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Merchants Financial Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Merchants Financial Group Inc (OTCPK:MFGI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 East Third Street, Winona, MN, USA, 55987

Website

https://www.merchantsbank.com

Merchants Financial Group Inc is a bank holding company with one wholly-owned bank subsidiary, Merchants Bank, National Association. It provides retail, commercial loan, and deposit services principally to customers within a radius of its locations. The Bank has a leasing division, Merchants Bank Equipment Finance, which operates in the Minneapolis-St. Paul, Minnesota, metropolitan area.

Merchants Financial Group Headlines

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