Montfort Capital (TSXV:MONT) Cash-to-Debt : 0.02 (As of Sep. 2023)

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What is Montfort 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. Montfort Capital's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.02.

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, Montfort Capital couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

TSXV:MONT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.34 Max: No Debt
Current: 0.02

During the past 13 years, Montfort Capital's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.34.

TSXV:MONT's Cash-to-Debt is ranked worse than
94.65% of 1476 companies
in the Asset Management industry
Industry Median: 5.445 vs TSXV:MONT: 0.02

Montfort Capital Cash-to-Debt Historical Data

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

Montfort Capital Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Dec21

Dec22

Cash-to-Debt

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0.50

0.49

1.85

0.13

0.02

Montfort Capital Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.03	0.02	0.02	0.03	0.02

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

For the Asset Management subindustry, Montfort 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.

Montfort Capital's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Montfort 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.

Montfort Capital's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	7.008	/	(287.126	+	86.607)
	=	0.02

Montfort Capital's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	6.735	/	(302.518	+	17.152)
	=	0.02

Montfort Capital (TSXV:MONT) 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.

Montfort Capital Cash-to-Debt Related Terms

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

Montfort Capital (TSXV:MONT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Montfort Capital Corp (TSXV:MONT) » Definitions » Cash-to-Debt

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MONTF:USA MONT.PR.A.PFD:Canada

Address

181 Bay Street, Suite 2920, Bay Wellington Tower, Toronto, ON, CAN, M5J 2T3

Website

https://www.montfortcapital.com

Montfort Capital Corp manages a diversified family of specialized private credit brands that utilize focused strategies and experienced management teams combined with advanced technology to improve fee-related performance. Montfort facilitates transparency for all its investors through public company reporting. Its mission is to create value for shareholders by leveraging a tech-enabled lending platform to provide private debt capital to growing businesses through its group of specialty finance companies.

Montfort Capital (TSXV:MONT) Headlines

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