Mag Mile Capital (Mag Mile Capital) Cash-to-Debt : 0.09 (As of Dec. 2023)

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What is Mag Mile Capital 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. Mag Mile Capital's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.09.

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, Mag Mile Capital 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 Mag Mile Capital's Cash-to-Debt or its related term are showing as below:

MMCP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.09 Max: 0.09
Current: 0.09

During the past 3 years, Mag Mile Capital's highest Cash to Debt Ratio was 0.09. The lowest was 0.09. And the median was 0.09.

MMCP's Cash-to-Debt is not ranked
in the Banks industry.
Industry Median: 1.3 vs MMCP: 0.09

Mag Mile Capital Cash-to-Debt Historical Data

The historical data trend for Mag Mile Capital'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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Mag Mile Capital Cash-to-Debt Chart

Mag Mile Capital Annual Data

Trend

Jul21

Jul22

Dec23

Cash-to-Debt

N/A

0.09

Mag Mile Capital Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					-	-	0.34	0.35	0.09

Competitive Comparison of Mag Mile Capital's Cash-to-Debt

For the Mortgage Finance subindustry, Mag Mile Capital'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.

Mag Mile Capital's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mag Mile Capital's Cash-to-Debt distribution charts can be found below:

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

Mag Mile Capital 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.

Mag Mile Capital's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.056	/	(0.156	+	0.437)
	=	0.09

Mag Mile Capital's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.056	/	(0.156	+	0.437)
	=	0.09

Mag Mile Capital (OTCPK:MMCP) 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.

Mag Mile Capital Cash-to-Debt Related Terms

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Mag Mile Capital (Mag Mile Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mag Mile Capital Inc (OTCPK:MMCP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7950 W. Sunset Boulevard, Suite 629, Los Angeles, CA, USA, 90046

Website

https://www.magmilecapital.com

Mag Mile Capital Inc is a full-service commercial real estate mortgage banking firm. Mag Mile Capital is a national platform comprised of capital markets experience in real estate bridge financing, mezzanine, and permanent debt placement and equity arrangements throughout the full capital stack and across all major real estate asset classes, including hotels, multifamily, office, retail, industrial, healthcare, self-storage and special purpose properties, offering access to structured debt and equity advisory solutions and placement for real estate investors, developers, and entrepreneurs, It leverages a wide variety of lending relationships and equity capital connections as a leading national real estate mortgage intermediary.

Mag Mile Capital (Mag Mile Capital) Headlines

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