Magnetic North Acquisition (TSXV:MNC) Cash-to-Debt : 0.20 (As of Sep. 2023)

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What is Magnetic North Acquisition 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. Magnetic North Acquisition's cash to debt ratio for the quarter that ended in Sep. 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, Magnetic North Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

TSXV:MNC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.28 Max: No Debt
Current: 0.2

During the past 13 years, Magnetic North Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.07. And the median was 0.28.

TSXV:MNC's Cash-to-Debt is ranked worse than
83.89% of 776 companies
in the Capital Markets industry
Industry Median: 2.015 vs TSXV:MNC: 0.20

Magnetic North Acquisition Cash-to-Debt Historical Data

The historical data trend for Magnetic North Acquisition'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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Magnetic North Acquisition Cash-to-Debt Chart

Magnetic North Acquisition Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Dec21

Dec22

Cash-to-Debt

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0.08

5.26

No Debt

0.15

0.23

Magnetic North Acquisition Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.16	0.23	0.30	0.51	0.20

Competitive Comparison of Magnetic North Acquisition's Cash-to-Debt

For the Capital Markets subindustry, Magnetic North Acquisition'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.

Magnetic North Acquisition's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Magnetic North Acquisition's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Magnetic North Acquisition's Cash-to-Debt falls into.

Magnetic North Acquisition 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.

Magnetic North Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.041	/	(0.177	+	0)
	=	0.23

Magnetic North Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.036	/	(0.177	+	0)
	=	0.20

Magnetic North Acquisition (TSXV:MNC) 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.

Magnetic North Acquisition Cash-to-Debt Related Terms

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

Magnetic North Acquisition (TSXV:MNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Magnetic North Acquisition Corp (TSXV:MNC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BKBLF:USA MNC.PR.A.PFD:Canada

Address

1000, 250 - 2 Street SW, Calgary, AB, CAN, T2P 0C1

Website

https://www.magneticnac.com

Magnetic North Acquisition Corp operates as a merchant bank providing capital, management and board representation to small to mid-capitalization private companies. Its industry focus for investments include clean power technology, special situations, and consumer products, oilfield services, manufacturing and technology inclusive of software and hardware. The company is focused on creating shareholder value by providing strategic and financial advice and services to companies.

Magnetic North Acquisition (TSXV:MNC) Headlines

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