SOR (Source Capital) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2024)

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What is Source Capital 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. Source Capital's cash to debt ratio for the quarter that ended in Jun. 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, Source Capital could pay off its debt using the cash in hand for the quarter that ended in Jun. 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 Source Capital's Cash-to-Debt or its related term are showing as below:

SOR' 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 7 years, Source Capital's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

SOR's Cash-to-Debt is ranked better than
99.66% of 1455 companies
in the Asset Management industry
Industry Median: 5.53 vs SOR: No Debt

Source Capital Cash-to-Debt Historical Data

The historical data trend for Source Capital'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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Source Capital Cash-to-Debt Chart

Source Capital Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Source Capital Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial									No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Source Capital's Cash-to-Debt

For the Asset Management subindustry, Source Capital'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.

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

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

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

Source Capital 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.

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

Source Capital had no debt ⁽¹⁾.

Source Capital's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Source Capital had no debt ⁽¹⁾.

Source Capital (NYSE:SOR) 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.

Source Capital Cash-to-Debt Related Terms

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

Source Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Source Capital Inc (NYSE:SOR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

235 West Galena Street, Milwaukee, WI, USA, 53212

Website

https://www.fpa.com

Source Capital Inc is a diversified, closed-end management investment company. The investment objective of the company is to seek maximum total return for Common shareholders from both capital appreciation and investment income to the extent consistent with the protection of invested capital.

Executives

Sandra Brown	director	11601 WILSHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90025
Korey Bauer	officer: Vice President	2220 E. ROUTE 66, SUITE 226, GLENDORA CA 91740
Rita Dam	officer: Treasurer	2220 EAST ROUTE 66, SUITE 226, GLENDORA CA 91740
Lyna Phan	officer: Assistant Treasurer	2220 EAST ROUTE 66, SUITE 226, GLENDORA CA 91740
Amy Centurioni	officer: Assistant Secretary	2220 E. ROUTE 66, SUITE 226, GLENDORA CA 91740
Max Banhazl	officer: Vice President	2220 E. ROUTE 66, SUITE 226, GLENDORA CA 91740
Diane J Drake	officer: Secretary	2220 E. ROUTE 66, SUITE 226, GLENDORA CA 91740
Martin Dziura	officer: Chief Compliance Officer	309 WOODRIDGE LANE, MEDIA PA 19063
John Zader	director	11601 WISHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90025
Maureen A Quill	director	11601 WILSHIRE BOULEVARD, SUITE 1200, LOS ANGELES CA 90025
Mark L. Lipson	director	100 WILSHIRE BOULEVARD, SUITE 1200, SANTA MONICA CA 90401
Brian A. Selmo	other: Officer of inv co's inv adv	11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064
Ryan A. Leggio	other: Officer of inv co's inv adv	11601 WILSHIRE BLVD, SUITE 1200, LOS ANGELES CA 90025
Robert F Goldrich	director	LEON LEVY FOUNDATION, ONE ROCKEFELLER PLAZA, 20TH FLOOR, NEW YORK NY 10020
Thomas H Atteberry	other: partner of inv co's inv adv	11400 W OLYMPIC BLVD, STE 1200, LOS ANGELES CA 90064