Premiumome (TSX:PIC.PR.A.PFD) Cash-to-Debt : No Debt ⁽¹⁾ (As of Oct. 2023)

View and export this data going back to 1996. Start your Free Trial

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

TSX:PIC.PR.A.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

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

TSX:PIC.PR.A.PFD's Cash-to-Debt is ranked better than
99.93% of 1477 companies
in the Asset Management industry
Industry Median: 5.39 vs TSX:PIC.PR.A.PFD: No Debt

Premiumome Cash-to-Debt Historical Data

The historical data trend for Premiumome'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.

* Premium members only.

Premiumome Cash-to-Debt Chart

Premiumome Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

Premiumome Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Premiumome's Cash-to-Debt

For the Asset Management subindustry, Premiumome'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.

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

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

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

Premiumome 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.

Premiumome's Cash to Debt Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Premiumome had no debt ⁽¹⁾.

Premiumome's Cash to Debt Ratio for the quarter that ended in Oct. 2023 is calculated as:

Premiumome had no debt ⁽¹⁾.

Premiumome (TSX:PIC.PR.A.PFD) 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.

Premiumome Cash-to-Debt Related Terms

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

Premiumome (TSX:PIC.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Premium Income Corp (TSX:PIC.PR.A.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PIC.A:Canada

Address

121 King Street West, Suite 2600, P.O. Box 113, Standard Life Centre, Toronto, ON, CAN, M5H 3T9

Website

https://www.mulvihill.com

Premium Income Corp is a mutual fund corporation. The investment objective is to provide Preferred shareholders with cumulative preferential quarterly cash distributions to provide Class A shareholders with quarterly cash distributions and return the original issue price to holders of both Preferred shares and Class A shares upon windup of the Fund. The fund mainly invests in common shares of the Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto-Dominion Bank and common shares of National Bank of Canada.

Premiumome (TSX:PIC.PR.A.PFD) Headlines

No Headlines

Premiumome (TSX:PIC.PR.A.PFD) Cash-to-Debt : No Debt (1) (As of Oct. 2023)