CI Investment Grade Bond ETF (TSX:FIG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2015)

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What is CI Investment Grade Bond ETF 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. CI Investment Grade Bond ETF's cash to debt ratio for the quarter that ended in Dec. 2015 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, CI Investment Grade Bond ETF could pay off its debt using the cash in hand for the quarter that ended in Dec. 2015.

(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 CI Investment Grade Bond ETF's Cash-to-Debt or its related term are showing as below:

TSX:FIG's Cash-to-Debt is not ranked ^*
in the Asset Management industry.
Industry Median: 5.605
* Ranked among companies with meaningful Cash-to-Debt only.

CI Investment Grade Bond ETF Cash-to-Debt Historical Data

The historical data trend for CI Investment Grade Bond ETF'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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CI Investment Grade Bond ETF Cash-to-Debt Chart

CI Investment Grade Bond ETF Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Cash-to-Debt

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No Debt

N/A

No Debt

CI Investment Grade Bond ETF Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of CI Investment Grade Bond ETF's Cash-to-Debt

For the Asset Management subindustry, CI Investment Grade Bond ETF'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.

CI Investment Grade Bond ETF's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, CI Investment Grade Bond ETF's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CI Investment Grade Bond ETF's Cash-to-Debt falls into.

CI Investment Grade Bond ETF 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.

CI Investment Grade Bond ETF's Cash to Debt Ratio for the fiscal year that ended in Dec. 2015 is calculated as:

CI Investment Grade Bond ETF had no debt ⁽¹⁾.

CI Investment Grade Bond ETF's Cash to Debt Ratio for the quarter that ended in Dec. 2015 is calculated as:

CI Investment Grade Bond ETF had no debt ⁽¹⁾.

CI Investment Grade Bond ETF (TSX:FIG) 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.

CI Investment Grade Bond ETF Cash-to-Debt Related Terms

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CI Investment Grade Bond ETF (TSX:FIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CI Investment Grade Bond ETF (TSX:FIG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.marret.ca

Marret Investment Grade Bond Fund is a closed-end investment fund. Its investment objective is to provide holders of units with attractive monthly tax advantaged cash distributions and to maximize the total return for unitholders.