Dominion Lending Centres (Dominion Lending Centres) Cash-to-Debt : 0.05 (As of Mar. 2024)

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What is Dominion Lending Centres 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. Dominion Lending Centres's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.05.

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, Dominion Lending Centres couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

BRLGF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.22 Max: No Debt
Current: 0.05

During the past 13 years, Dominion Lending Centres's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 0.22.

BRLGF's Cash-to-Debt is ranked worse than
96.44% of 1432 companies
in the Banks industry
Industry Median: 1.3 vs BRLGF: 0.05

Dominion Lending Centres Cash-to-Debt Historical Data

The historical data trend for Dominion Lending Centres'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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Dominion Lending Centres Cash-to-Debt Chart

Dominion Lending Centres Annual Data

Trend

Sep13

Sep14

Sep15

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.05

0.24

0.54

0.24

0.14

Dominion Lending Centres 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															0.05	0.10	0.18	0.14	0.05

Competitive Comparison of Dominion Lending Centres's Cash-to-Debt

For the Mortgage Finance subindustry, Dominion Lending Centres'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.

Dominion Lending Centres's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Dominion Lending Centres's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Dominion Lending Centres's Cash-to-Debt falls into.

Dominion Lending Centres 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.

Dominion Lending Centres'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)
	=	4.185	/	(4.677	+	26.377)
	=	0.13

Dominion Lending Centres'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)
	=	1.563	/	(4.956	+	25.012)
	=	0.05

Dominion Lending Centres (OTCPK:BRLGF) 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.

Dominion Lending Centres Cash-to-Debt Related Terms

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

Dominion Lending Centres (Dominion Lending Centres) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Dominion Lending Centres Inc (OTCPK:BRLGF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DLCG:Canada

Address

2207 - 4th Street SW, Suite 400, Calgary, AB, CAN, T2S 1X1

Website

https://www.dlcg.ca

Dominion Lending Centres Inc is a mortgage brokerage franchisor and mortgage broker data connectivity provider with operations across Canada. The Group operates through Dominion Lending Centres and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc and Newton Connectivity Systems Inc. The company has two operating segments, namely, the Core Business Operations segment and the NonCore Business Asset Management segment. The company generates revenue mainly from franchising and mortgage brokerage services.