Forum Pacific (PHS:FPI) Cash-to-Debt : 21.63 (As of Mar. 2024)

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What is Forum Pacific 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. Forum Pacific's cash to debt ratio for the quarter that ended in Mar. 2024 was 21.63.

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, Forum Pacific could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

PHS:FPI' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.01 Med: No Debt Max: No Debt
Current: 21.63

During the past 13 years, Forum Pacific's highest Cash to Debt Ratio was No Debt. The lowest was 1.01. And the median was No Debt.

PHS:FPI's Cash-to-Debt is ranked better than
55.19% of 482 companies
in the Diversified Financial Services industry
Industry Median: 2.64 vs PHS:FPI: 21.63

Forum Pacific Cash-to-Debt Historical Data

The historical data trend for Forum Pacific'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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Forum Pacific Cash-to-Debt Chart

Forum Pacific Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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5.38

3.88

7.05

1.45

2.00

Forum Pacific Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.61	1.53	1.01	2.00	21.63

Competitive Comparison of Forum Pacific's Cash-to-Debt

For the Shell Companies subindustry, Forum Pacific'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.

Forum Pacific's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Forum Pacific's Cash-to-Debt distribution charts can be found below:

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

Forum Pacific 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.

Forum Pacific'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)
	=	0.096	/	(0.048	+	0)
	=	2.00

Forum Pacific's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	1.038	/	(0.048	+	0)
	=	21.63

Forum Pacific (PHS:FPI) 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.

Forum Pacific Cash-to-Debt Related Terms

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Forum Pacific (PHS:FPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Forum Pacific Inc (PHS:FPI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dona Julia Vargas Avenue, 35th Floor, One Corporate Center, Corner Meralco Avenue, Ortigas Center, Pasig City, PHL, 1605

Website

http://www.forumpacific.com

Forum Pacific Inc is Philippines based company engaged in investing, purchasing and acquiring assets of any kind and description with the secondary purpose of engaging in the exploration, development, and production of petroleum and related products as well as other mineral and chemical substance.