E Split (FRA:784) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

FRA:784' s Cash-to-Debt Range Over the Past 10 Years
Min: 2 Med: No Debt Max: No Debt
Current: No Debt

During the past 6 years, E Split's highest Cash to Debt Ratio was No Debt. The lowest was 2.00. And the median was No Debt.

FRA:784's Cash-to-Debt is ranked better than
99.93% of 1475 companies
in the Asset Management industry
Industry Median: 5.39 vs FRA:784: No Debt

E Split Cash-to-Debt Historical Data

The historical data trend for E 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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E Split Cash-to-Debt Chart

E Split Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

4.00

No Debt

E Split Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Asset Management subindustry, E 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.

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

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

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

E 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.

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

E Split had no debt ⁽¹⁾.

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

E Split had no debt ⁽¹⁾.

E Split (FRA:784) 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.

E Split Cash-to-Debt Related Terms

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

E Split (FRA:784) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » E Split Corp. (FRA:784) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ENS.PR.A.PFD:Canada ENS:Canada

Address

100 King Street West, 58th Floor, 1st Canadian Place, P.O. Box 192, Toronto, ON, CAN, M5X 1A6

Website

https://www.middlefield.com

E Split Corp. is a mutual fund company. The company has a portfolio comprised of common shares of Enbridge, a North American oil and gas pipeline, gas processing and natural gas distribution company. The investment objectives for the Preferred Shares are to provide holders with fixed cumulative preferential quarterly cash distributions, and for Class A Shares are to provide holders with non-cumulative monthly cash distributions and to provide holders with the opportunity for capital appreciation through exposure to the Portfolio.

E Split (FRA:784) Headlines

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E Split (FRA:784) Cash-to-Debt : No Debt (1) (As of Dec. 2023)