Morphic Ethical Equity Fund (ASX:MEC) Cash-to-Debt : 2.86 (As of Dec. 2022)

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What is Morphic Ethical Equity Fund 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. Morphic Ethical Equity Fund's cash to debt ratio for the quarter that ended in Dec. 2022 was 2.86.

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, Morphic Ethical Equity Fund could pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

The historical rank and industry rank for Morphic Ethical Equity Fund's Cash-to-Debt or its related term are showing as below:

ASX:MEC's Cash-to-Debt is not ranked ^*
in the Asset Management industry.
Industry Median: 5.66
* Ranked among companies with meaningful Cash-to-Debt only.

Morphic Ethical Equity Fund Cash-to-Debt Historical Data

The historical data trend for Morphic Ethical Equity Fund'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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Morphic Ethical Equity Fund Cash-to-Debt Chart

Morphic Ethical Equity Fund Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Cash-to-Debt

0.99

0.66

1.60

Morphic Ethical Equity Fund Semi-Annual Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Dec22
Cash-to-Debt	Get a 7-Day Free Trial					1.60	6.42	1.60	28.64	2.86

Competitive Comparison of Morphic Ethical Equity Fund's Cash-to-Debt

For the Asset Management subindustry, Morphic Ethical Equity Fund'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.

Morphic Ethical Equity Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Morphic Ethical Equity Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Morphic Ethical Equity Fund's Cash-to-Debt falls into.

Morphic Ethical Equity Fund 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.

Morphic Ethical Equity Fund's Cash to Debt Ratio for the fiscal year that ended in Sep. 2021 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	16.096	/	(10.055	+	0)
	=	1.60

Morphic Ethical Equity Fund's Cash to Debt Ratio for the quarter that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.166	/	(0.058	+	0)
	=	2.86

Morphic Ethical Equity Fund (ASX:MEC) 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.

Morphic Ethical Equity Fund Cash-to-Debt Related Terms

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Morphic Ethical Equity Fund (ASX:MEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Morphic Ethical Equity Fund Ltd (ASX:MEC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

179 Elizabeth Street, Level 11, Sydney, NSW, AUS, 2000

Website

https://www.morphicasset.com

Morphic Ethical Equity Fund Ltd seeks to provide investors a way to grow their wealth. The fund excludes direct investments in entities involved in environmental destruction, including coal and uranium mining, oil and gas, intensive animal farming and aquaculture, tobacco and alcohol, armaments, gambling and rainforest.