SIR Royaltyome Fund (TSX:SRV.UN) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is SIR Royaltyome 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. SIR Royaltyome Fund'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, SIR Royaltyome Fund 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 SIR Royaltyome Fund's Cash-to-Debt or its related term are showing as below:

TSX:SRV.UN' 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, SIR Royaltyome Fund's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSX:SRV.UN's Cash-to-Debt is ranked better than
99.71% of 341 companies
in the Restaurants industry
Industry Median: 0.4 vs TSX:SRV.UN: No Debt

SIR Royaltyome Fund Cash-to-Debt Historical Data

The historical data trend for SIR Royaltyome 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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SIR Royaltyome Fund Cash-to-Debt Chart

SIR Royaltyome Fund Annual Data

Trend

Dec14

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Dec20

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Dec23

Cash-to-Debt

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No Debt

SIR Royaltyome Fund Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of SIR Royaltyome Fund's Cash-to-Debt

For the Restaurants subindustry, SIR Royaltyome 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.

SIR Royaltyome Fund's Cash-to-Debt Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, SIR Royaltyome Fund's Cash-to-Debt distribution charts can be found below:

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

SIR Royaltyome 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.

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

SIR Royaltyome Fund had no debt ⁽¹⁾.

SIR Royaltyome Fund's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

SIR Royaltyome Fund had no debt ⁽¹⁾.

SIR Royaltyome Fund (TSX:SRV.UN) 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.

SIR Royaltyome Fund Cash-to-Debt Related Terms

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

SIR Royaltyome Fund (TSX:SRV.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » SIR Royalty Income Fund (TSX:SRV.UN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SIRZF:USA

Address

5360 South Service Road, Suite 200, Burlington, ON, CAN, L7L 5L1

Website

https://www.sircorp.com

SIR Royalty Income Fund (The fund) holds an investment in SIR (Service Inspired Restaurant) Corp. The company is a privately held corporation that owns and operates a diverse portfolio of restaurants in Canada. It has concept restaurant brands, including Jack Astor's Bar and Grill, Scaddabush Italian Kitchen & Bar; and SIR's signature restaurant brands, including Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose. The fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. It generates revenue through the license and royalty agreement from its investments in partnership.

SIR Royaltyome Fund (TSX:SRV.UN) Headlines

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SIR Royaltyome Fund (TSX:SRV.UN) Cash-to-Debt : No Debt (1) (As of Dec. 2023)