Elysee Development (TSXV:ELC) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Elysee Development 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. Elysee Development's cash to debt ratio for the quarter that ended in Mar. 2024 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, Elysee Development could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 Elysee Development's Cash-to-Debt or its related term are showing as below:

TSXV:ELC' 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, Elysee Development's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:ELC's Cash-to-Debt is ranked better than
99.93% of 1456 companies
in the Asset Management industry
Industry Median: 5.605 vs TSXV:ELC: No Debt

Elysee Development Cash-to-Debt Historical Data

The historical data trend for Elysee Development'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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Elysee Development Cash-to-Debt Chart

Elysee Development Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Elysee Development Quarterly Data
	May19	Aug19	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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Elysee Development's Cash-to-Debt

For the Asset Management subindustry, Elysee Development'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.

Elysee Development's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Elysee Development 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.

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

Elysee Development had no debt ⁽¹⁾.

Elysee Development's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Elysee Development had no debt ⁽¹⁾.

Elysee Development (TSXV:ELC) 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.

Elysee Development Cash-to-Debt Related Terms

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

Elysee Development (TSXV:ELC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Elysee Development Corp (TSXV:ELC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ASXSF:USA

Address

1021 West Hastings Street, 9th Floor, Vancouver, BC, CAN, V6E 0C3

Website

https://www.elyseedevelopment.com

Elysee Development Corp is a diversified investment and venture capital firm with a focus on publicly traded companies in the natural resource sector. is an investment issuer with an actively managed investment portfolio of common shares and other securities, and investments cover a broad range of activities with a focus on natural resources and in particular the precious metals sector. Its investment activities are currently concentrated on junior exploration and mining companies active in the gold and silver sector as well as several technology companies.

Executives

Guido Cloetens

10% Security Holder, Director, Senior Officer

Elysee Development (TSXV:ELC) Headlines

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Elysee Development (TSXV:ELC) Cash-to-Debt : No Debt (1) (As of Mar. 2024)