Lorne Park Capital Partners (TSXV:LPC) Cash-to-Debt : 0.38 (As of Sep. 2024)

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What is Lorne Park Capital Partners 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. Lorne Park Capital Partners's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.38.

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, Lorne Park Capital Partners couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Lorne Park Capital Partners's Cash-to-Debt or its related term are showing as below:

TSXV:LPC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.53 Max: 1.4
Current: 0.38

During the past 13 years, Lorne Park Capital Partners's highest Cash to Debt Ratio was 1.40. The lowest was 0.16. And the median was 0.53.

TSXV:LPC's Cash-to-Debt is ranked worse than
69.42% of 1455 companies
in the Asset Management industry
Industry Median: 5.53 vs TSXV:LPC: 0.38

Lorne Park Capital Partners Cash-to-Debt Historical Data

The historical data trend for Lorne Park Capital Partners'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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Lorne Park Capital Partners Cash-to-Debt Chart

Lorne Park Capital Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.73

0.53

0.66

0.30

0.34

Lorne Park Capital Partners Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.39	0.34	0.16	0.27	0.38

Competitive Comparison of Lorne Park Capital Partners's Cash-to-Debt

For the Asset Management subindustry, Lorne Park Capital Partners'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.

Lorne Park Capital Partners's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Lorne Park Capital Partners's Cash-to-Debt distribution charts can be found below:

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

Lorne Park Capital Partners 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.

Lorne Park Capital Partners's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 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)
	=	3.573	/	(4.521	+	6.123)
	=	0.34

Lorne Park Capital Partners'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)
	=	3.846	/	(0.339	+	9.766)
	=	0.38

Lorne Park Capital Partners (TSXV:LPC) 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.

Lorne Park Capital Partners Cash-to-Debt Related Terms

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Lorne Park Capital Partners Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Lorne Park Capital Partners Inc (TSXV:LPC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1295 Cornwall Road, Unit A3, Oakville, ON, CAN, L6J 7T5

Website

https://www.lpcp.ca

Lorne Park Capital Partners Inc is a Canada-based company engaged in building a network of boutique investment managers and wealth advisors. The company provides portfolio management services to its Canadian investors, estates, trusts, and foundations.

Executives

Christopher James Dingle	Director
Stephen J. Meehan	Director, Senior Officer
Carlo Pannella	Senior Officer
Robert Darrell Sewell	Director, Senior Officer
Julianna Varpalotai-xavier	Senior Officer
Craig William James Ellis	Senior Officer

Lorne Park Capital Partners Headlines

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