Solution Financial (TSX:SFI) Cash-to-Debt : 0.23 (As of Jan. 2025)

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What is Solution Financial 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. Solution Financial's cash to debt ratio for the quarter that ended in Jan. 2025 was 0.23.

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, Solution Financial couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2025.

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

TSX:SFI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.23 Max: No Debt
Current: 0.23

During the past 13 years, Solution Financial's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.23.

TSX:SFI's Cash-to-Debt is ranked worse than
69.7% of 1307 companies
in the Vehicles & Parts industry
Industry Median: 0.55 vs TSX:SFI: 0.23

Solution Financial Cash-to-Debt Historical Data

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

Solution Financial Annual Data

Trend

Sep15

Sep16

Sep17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Cash-to-Debt

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0.20

0.26

0.16

0.40

0.22

Solution Financial Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Cash-to-Debt	Get a 7-Day Free Trial															0.23	0.41	0.16	0.22	0.23

Competitive Comparison of Solution Financial's Cash-to-Debt

For the Auto & Truck Dealerships subindustry, Solution Financial'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.

Solution Financial's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Solution Financial's Cash-to-Debt distribution charts can be found below:

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

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Solution Financial 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.

Solution Financial's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	0.683	/	(3.072	+	0.012)
	=	0.22

Solution Financial's Cash to Debt Ratio for the quarter that ended in Jan. 2025 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)
	=	1.241	/	(5.41	+	0)
	=	0.23

Solution Financial (TSX:SFI) 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.

Solution Financial Cash-to-Debt Related Terms

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

Solution Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Solution Financial Inc (TSX:SFI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SLNFF:USA

Address

8680 Cambie Road, Unit 137, Richmond, BC, CAN, V6X 4K1

Website

https://www.solution.financial

Solution Financial Inc. specializes in sourcing and leasing solutions for luxury and exotic vehicles, yachts and other high value assets in Canada. The Company operates through retail sales, leases, and financing for automotive vehicles, boats, and commercial equipment and out of three locations being Richmond, British Columbia, Calgary, Alberta and Vaughan, Ontario. The company generates majority of its revenue from sale of vehicles.

Executives

Bryan Pang	10% Security Holder, Director, Senior Officer
John Randall Smyth	Director
Sean Hodgins	Director, Senior Officer
Kerry Don Meier	Director
Vincent Ka Ho Lau	Director, Senior Officer

Solution Financial Headlines

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