Canso Select Opportunities (TSXV:CSOC.A) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Canso Select Opportunities 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. Canso Select Opportunities'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, Canso Select Opportunities 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 Canso Select Opportunities's Cash-to-Debt or its related term are showing as below:

TSXV:CSOC.A' 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 6 years, Canso Select Opportunities's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:CSOC.A's Cash-to-Debt is ranked better than
99.93% of 1448 companies
in the Asset Management industry
Industry Median: 5.72 vs TSXV:CSOC.A: No Debt

Canso Select Opportunities Cash-to-Debt Historical Data

The historical data trend for Canso Select Opportunities'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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Canso Select Opportunities Cash-to-Debt Chart

Canso Select Opportunities Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Canso Select Opportunities 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 Canso Select Opportunities's Cash-to-Debt

For the Asset Management subindustry, Canso Select Opportunities'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.

Canso Select Opportunities's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Canso Select Opportunities's Cash-to-Debt falls into.

Canso Select Opportunities 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.

Canso Select Opportunities's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Canso Select Opportunities had no debt ⁽¹⁾.

Canso Select Opportunities's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Canso Select Opportunities had no debt ⁽¹⁾.

Canso Select Opportunities (TSXV:CSOC.A) 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.

Canso Select Opportunities Cash-to-Debt Related Terms

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

Canso Select Opportunities (TSXV:CSOC.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canso Select Opportunities Corp (TSXV:CSOC.A) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CSOC.B:Canada

Address

100 York Boulevard, Suite 550, Richmond Hill, ON, CAN, L4B 1J8

Website

https://www.selectopportunitiescorporation.com

Canso Select Opportunities Corp is an Ontario-based investment corporation. Its investment objective is to provide capital gains and dividend income to its shareholders. The corporation evaluates potential investments in debt, public and private equity, and other securities. The deployment of funds to new investments depends on both the attractiveness of new investment opportunities and the availability of capital as generated from the realization of value from existing portfolio investments.

Canso Select Opportunities (TSXV:CSOC.A) Headlines

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Canso Select Opportunities (TSXV:CSOC.A) Cash-to-Debt : No Debt (1) (As of Dec. 2023)