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Royalty Management Holding (Royalty Management Holding) Cash-to-Debt : 0.05 (As of Mar. 2024)


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What is Royalty Management Holding 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. Royalty Management Holding's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.05.

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, Royalty Management Holding 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 Royalty Management Holding's Cash-to-Debt or its related term are showing as below:

RMCO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05   Med: 0.11   Max: No Debt
Current: 0.05

During the past 3 years, Royalty Management Holding's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 0.11.

RMCO's Cash-to-Debt is ranked worse than
89.61% of 1463 companies
in the Asset Management industry
Industry Median: 5.56 vs RMCO: 0.05

Royalty Management Holding Cash-to-Debt Historical Data

The historical data trend for Royalty Management Holding'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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Royalty Management Holding Cash-to-Debt Chart

Royalty Management Holding Annual Data
Trend Dec21 Dec22 Dec23
Cash-to-Debt
- 0.13 0.08

Royalty Management Holding Quarterly Data
Dec21 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Cash-to-Debt Get a 7-Day Free Trial 0.13 N/A No Debt 0.08 0.05

Competitive Comparison of Royalty Management Holding's Cash-to-Debt

For the Asset Management subindustry, Royalty Management Holding'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.

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

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

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


Royalty Management Holding 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.

Royalty Management Holding's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 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)
=0.195 / (0.034 + 2.37)
=0.08

Royalty Management Holding's Cash to Debt Ratio for the quarter that ended in Mar. 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)
=0.125 / (0.524 + 2.133)
=0.05

* 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.

Royalty Management Holding  (NAS:RMCO) 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.

Royalty Management Holding Cash-to-Debt Related Terms

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Royalty Management Holding (Royalty Management Holding) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Royalty Management Holding Corp (NAS:RMCO) » Definitions » Cash-to-Debt
Comparable Companies
Traded in Other Exchanges
N/A
Address
8500 E. 116 Street, No. 264, Fishers, IN, USA, 46038
Website
https://www.royaltymgmtcorp.com
Royalty Management Holding Corp formed for the purpose of investing or purchasing assets that have current or near-term income to provide the company with accretive cash flow from which it can reinvest in new assets or expand cash flow from existing assets. These assets typically are natural resources assets (including real estate and mining permits), patents, intellectual property, and emerging technologies.
Executives
Aqr Arbitrage Llc 10 percent owner ONE GREENWICH PLAZA, GREENWICH CT 06830
Aqr Capital Management Llc 10 percent owner ONE GREENWICH PLAZA, GREENWICH CT 06830
Aqr Capital Management Holdings, Llc 10 percent owner ONE GREENWICH PLAZA, GREENWICH CT 06830
Thomas M. Sauve director 8856 SOUTH STREET, FISHERS IN 46038
Mark C. Jensen director, officer: Chairman and CEO 8856 SOUTH STREET, FISHERS IN 46038
Kirk Patrick Taylor director, officer: President and CFO 8856 SOUTH STREET, FISHERS IN 46038