Delphx Capital Markets (TSXV:DELX) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Delphx Capital Markets 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. Delphx Capital Markets's cash to debt ratio for the quarter that ended in Mar. 2024 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, Delphx Capital Markets could pay off its debt using the cash in hand for the quarter that ended in Mar. 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 Delphx Capital Markets's Cash-to-Debt or its related term are showing as below:

TSXV:DELX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: No Debt Max: No Debt
Current: No Debt

During the past 7 years, Delphx Capital Markets's highest Cash to Debt Ratio was No Debt. The lowest was 0.07. And the median was No Debt.

TSXV:DELX's Cash-to-Debt is ranked better than
99.35% of 769 companies
in the Capital Markets industry
Industry Median: 2.27 vs TSXV:DELX: No Debt

Delphx Capital Markets Cash-to-Debt Historical Data

The historical data trend for Delphx Capital Markets'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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Delphx Capital Markets Cash-to-Debt Chart

Delphx Capital Markets Annual Data

Trend

Jan17

Jan18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.13

0.18

8.01

No Debt

Delphx Capital Markets Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Delphx Capital Markets's Cash-to-Debt

For the Capital Markets subindustry, Delphx Capital Markets'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.

Delphx Capital Markets's Cash-to-Debt Distribution in the Capital Markets Industry

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

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

Delphx Capital Markets 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.

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

Delphx Capital Markets had no debt ⁽¹⁾.

Delphx Capital Markets's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Delphx Capital Markets had no debt ⁽¹⁾.

Delphx Capital Markets (TSXV:DELX) 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.

Delphx Capital Markets Cash-to-Debt Related Terms

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

Delphx Capital Markets (TSXV:DELX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Delphx Capital Markets Inc (TSXV:DELX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DPXCF:USA

Address

15 Prince Arthur Avenue, Toronto, ON, CAN, M5R 1B2

Website

https://www.delphx.com

Delphx Capital Markets Inc is a Canada based company. Its principal business activity is to develop and operate a global facility for transparent offering, purchase, sale, collection, and storage of certain fixed income securities and derivatives, and to manage data, research, analytics, and valuations of such instruments. The company operates in Canada and the United States.

Executives

Salim Hasham

Director

Delphx Capital Markets (TSXV:DELX) Headlines

No Headlines

Delphx Capital Markets (TSXV:DELX) Cash-to-Debt : No Debt (1) (As of Mar. 2024)