Saltire Capital (TSX:SLT.U) Cash-to-Debt : 0.15 (As of Sep. 2024)

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What is Saltire 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. Saltire Capital's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.15.

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, Saltire Capital couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 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 Saltire Capital's Cash-to-Debt or its related term are showing as below:

TSX:SLT.U' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: No Debt Max: No Debt
Current: 0.15

During the past 3 years, Saltire Capital's highest Cash to Debt Ratio was No Debt. The lowest was 0.15. And the median was No Debt.

TSX:SLT.U's Cash-to-Debt is ranked worse than
77.36% of 477 companies
in the Diversified Financial Services industry
Industry Median: 6.66 vs TSX:SLT.U: 0.15

Saltire Capital Cash-to-Debt Historical Data

The historical data trend for Saltire 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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Saltire Capital Cash-to-Debt Chart

Saltire Capital Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

No Debt

Saltire Capital Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial						No Debt	No Debt	No Debt	0.20	0.15

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

For the Shell Companies subindustry, Saltire 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.

Saltire Capital's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Saltire Capital 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.

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

Saltire Capital had no debt ⁽¹⁾.

Saltire Capital's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1.088	/	(3.201	+	4.104)
	=	0.15

Saltire Capital (TSX:SLT.U) 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.

Saltire Capital Cash-to-Debt Related Terms

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Saltire Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Saltire Capital Ltd (TSX:SLT.U) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

510 West Georgia Street, Suite 1800, Vancouver, BC, CAN, V6B 0M3

Website

Saltire Capital Ltd intends to build and grow a portfolio of profitable and cashflow-generating private investments that would not otherwise be available to public market investors through its proprietary origination process and to maximize its intrinsic value on a per-share basis over the long term by seeking to achieve superior investment performance commensurate with reasonable risk.

Saltire Capital Headlines

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