Commerce Split (TSX:YCM.PR.B.PFD) Cash-to-Debt : No Debt ⁽¹⁾ (As of Nov. 2023)

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What is Commerce Split 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. Commerce Split'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, Commerce Split 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 Commerce Split's Cash-to-Debt or its related term are showing as below:

TSX:YCM.PR.B.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, Commerce Split's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSX:YCM.PR.B.PFD's Cash-to-Debt is ranked better than
99.93% of 1465 companies
in the Asset Management industry
Industry Median: 5.65 vs TSX:YCM.PR.B.PFD: No Debt

Commerce Split Cash-to-Debt Historical Data

The historical data trend for Commerce Split'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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Commerce Split Cash-to-Debt Chart

Commerce Split Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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No Debt

Commerce Split 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Commerce Split's Cash-to-Debt

For the Asset Management subindustry, Commerce Split'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.

Commerce Split's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Commerce Split 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.

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

Commerce Split had no debt ⁽¹⁾.

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

Commerce Split had no debt ⁽¹⁾.

Commerce Split (TSX:YCM.PR.B.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.

Commerce Split Cash-to-Debt Related Terms

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

Commerce Split (TSX:YCM.PR.B.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Commerce Split Corp (TSX:YCM.PR.B.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

YCM.PR.A.PFD:Canada YCM:Canada

Address

77 King Street West, P.O. Box 341, Suite 4500, Royal Trust Tower, Toronto, ON, CAN, M5K 1K7

Website

https://www.quadravest.com

Commerce Split Corp is a mutual fund company. It invests in common shares of Canadian imperial bank of commerce. The corporation offers three types of shares, a Capital share, a Class I Preferred, and a Class II Preferred.

Commerce Split (TSX:YCM.PR.B.PFD) Headlines

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Commerce Split (TSX:YCM.PR.B.PFD) Cash-to-Debt : No Debt (1) (As of Nov. 2023)