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Prime Dividend (TSX:PDV.PR.A.PFD) Cash-to-Debt : No Debt (1) (As of Nov. 2023)


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What is Prime Dividend 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. Prime Dividend's cash to debt ratio for the quarter that ended in Nov. 2023 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, Prime Dividend could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

(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 Prime Dividend's Cash-to-Debt or its related term are showing as below:

TSX:PDV.PR.A.PFD' 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 13 years, Prime Dividend's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSX:PDV.PR.A.PFD's Cash-to-Debt is ranked better than
99.93% of 1476 companies
in the Asset Management industry
Industry Median: 5.515 vs TSX:PDV.PR.A.PFD: No Debt

Prime Dividend Cash-to-Debt Historical Data

The historical data trend for Prime Dividend'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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Prime Dividend Cash-to-Debt Chart

Prime Dividend Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Prime Dividend Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Prime Dividend's Cash-to-Debt

For the Asset Management subindustry, Prime Dividend'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.


Prime Dividend's Cash-to-Debt Distribution in the Asset Management Industry

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

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



Prime Dividend 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.

Prime Dividend's Cash to Debt Ratio for the fiscal year that ended in Nov. 2023 is calculated as:

Prime Dividend had no debt (1).

Prime Dividend's Cash to Debt Ratio for the quarter that ended in Nov. 2023 is calculated as:

Prime Dividend had no debt (1).

* 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.


Prime Dividend  (TSX:PDV.PR.A.PFD) 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.


Prime Dividend Cash-to-Debt Related Terms

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Prime Dividend (TSX:PDV.PR.A.PFD) Business Description

Traded in Other Exchanges
Address
200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2
Prime Dividend Corp is a company that invests in an actively managed portfolio of common shares comprised primarily of large-capitalization dividend yielding Canadian companies. The funds objective is to provide unitholders with monthly cash distributions.

Prime Dividend (TSX:PDV.PR.A.PFD) Headlines

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