M Split (TSX:XMF.PR.B.PFD) Cash-to-Debt

: No Debt ⁽¹⁾ (As of Nov. 2023)

View and export this data going back to 2007. Start your Free Trial

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

TSX:XMF.PR.B.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, M Split's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSX:XMF.PR.B.PFD's Cash-to-Debt is ranked better than
99.93% of 1477 companies
in the Asset Management industry
Industry Median: 5.21 vs TSX:XMF.PR.B.PFD: No Debt

M Split Cash-to-Debt Historical Data

The historical data trend for M 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.

* Premium members only.

M Split Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

No Debt

M Split Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash-to-Debt																No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison

For the Asset Management subindustry, M 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.

M Split Cash-to-Debt Distribution

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

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

M 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.

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

M Split had no debt ⁽¹⁾.

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

M Split had no debt ⁽¹⁾.

M Split (TSX:XMF.PR.B.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.

M Split Cash-to-Debt Related Terms

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

M Split (TSX:XMF.PR.B.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » M Split Corp (TSX:XMF.PR.B.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

XMF.PR.C.PFD:Canada XMF.A:Canada

Address

200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2

Website

https://www.quadravest.com

M Split Corp is a mutual fund corporation established in Canada. The fund seeks to provide holders with regular monthly cash dividends. In order to achieve its objectives, the company will invest the net proceeds of the offerings in common shares of Manulife.

M Split (TSX:XMF.PR.B.PFD) Headlines

No Headlines