Middlefield Canadianome PCC (LSE:MCT) Cash-to-Debt : 0.20 (As of Dec. 2023)

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What is Middlefield Canadianome PCC 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. Middlefield Canadianome PCC's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.20.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Middlefield Canadianome PCC couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Middlefield Canadianome PCC's Cash-to-Debt or its related term are showing as below:

LSE:MCT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.23 Max: 0.39
Current: 0.2

During the past 8 years, Middlefield Canadianome PCC's highest Cash to Debt Ratio was 0.39. The lowest was 0.06. And the median was 0.23.

LSE:MCT's Cash-to-Debt is ranked worse than
76.73% of 1448 companies
in the Asset Management industry
Industry Median: 5.72 vs LSE:MCT: 0.20

Middlefield Canadianome PCC Cash-to-Debt Historical Data

The historical data trend for Middlefield Canadianome PCC'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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Middlefield Canadianome PCC Cash-to-Debt Chart

Middlefield Canadianome PCC Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.24

0.22

0.08

0.06

0.20

Middlefield Canadianome PCC Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											0.08	0.11	0.06	0.07	0.20

Competitive Comparison of Middlefield Canadianome PCC's Cash-to-Debt

For the Asset Management subindustry, Middlefield Canadianome PCC'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.

Middlefield Canadianome PCC's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Middlefield Canadianome PCC 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.

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

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4.433	/	(0	+	21.832)
	=	0.20

Middlefield Canadianome PCC's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4.433	/	(0	+	21.832)
	=	0.20

Middlefield Canadianome PCC (LSE:MCT) 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.

Middlefield Canadianome PCC Cash-to-Debt Related Terms

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

Middlefield Canadianome PCC (LSE:MCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Middlefield Canadian Income PCC (LSE:MCT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MCTl:UK

Address

28 Esplanade, St Helier, JEY, JE2 3QA

Website

https://www.middlefield.co.uk/mcit.htm

Middlefield Canadian Income PCC is a closed-ended fund. Its investment objective is to provide shareholders with a high level of dividends and capital growth over the longer term. The fund intends to pay dividends on a quarterly basis each year. It intends to achieve its investment objective by investing predominantly in the securities of companies and REITs domiciled in Canada and listed on the Canadian Stock Exchange. It invests in various market sectors, of which the major share is invested in Real Estate, Financials, Utilities, Pipelines, and Technology sectors.

Middlefield Canadianome PCC (LSE:MCT) Headlines

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