Market Cap : | Enterprise Value : | PE Ratio : 9.07 | PB Ratio : 1.08 |
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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. Manulife Financial's cash to debt ratio for the quarter that ended in Dec. 2020 was 1.87.
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, Manulife Financial could pay off its debt using the cash in hand for the quarter that ended in Dec. 2020.
During the past 13 years, Manulife Financial's highest Cash to Debt Ratio was 6.43. The lowest was 1.18. And the median was 1.79.
OTCPK:MNLCF.PFD's Cash-to-Debt is ranked lower than* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.
* The bar in red indicates where Manulife Financial's Cash-to-Debt falls into.
This is the ratio of a company's 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.
Manulife Financial's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 is calculated as:
Cash to Debt Ratio | = | Cash and cash equivalents | / | Total Debt | ||
= | Cash and cash equivalents | / | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | |
= | 20428.604887189 | / | (0 | + | 10924.35006636) | |
= | 1.87 |
Manulife Financial's Cash to Debt Ratio for the quarter that ended in Dec. 2020 is calculated as:
Cash to Debt Ratio | = | Cash and cash equivalents | / | Total Debt | ||
= | Cash and cash equivalents | / | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | |
= | 20428.604887189 | / | (0 | + | 10924.35006636) | |
= | 1.87 |
* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.
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.
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