Bay Capital (LSE:BAY) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Bay Capital 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. Bay Capital'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, Bay Capital 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 Bay Capital's Cash-to-Debt or its related term are showing as below:

LSE:BAY' 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 3 years, Bay Capital's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:BAY's Cash-to-Debt is ranked better than
99.79% of 482 companies
in the Diversified Financial Services industry
Industry Median: 2.64 vs LSE:BAY: No Debt

Bay Capital Cash-to-Debt Historical Data

The historical data trend for Bay Capital'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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Bay Capital Cash-to-Debt Chart

Bay Capital Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Bay Capital Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	N/A	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Bay Capital's Cash-to-Debt

For the Shell Companies subindustry, Bay Capital'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.

Bay Capital's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Bay Capital 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.

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

Bay Capital had no debt ⁽¹⁾.

Bay Capital's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Bay Capital had no debt ⁽¹⁾.

Bay Capital (LSE:BAY) 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.

Bay Capital Cash-to-Debt Related Terms

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

Bay Capital (LSE:BAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bay Capital PLC (LSE:BAY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Esplanade, Channel Islands, St. Helier, JEY, JE2 3QA

Website

https://www.baycapitalplc.com

Bay Capital PLC is focused to drive shareholder value through the acquisition of target companies in certain sectors where the Directors believe there to be sustainable growth opportunities both organically and through acquisition. The company is seeking fundamentally sound assets, where tangible opportunities exist to drive strategic, operational, and performance improvements.

Bay Capital (LSE:BAY) Headlines

No Headlines

Bay Capital (LSE:BAY) Cash-to-Debt : No Debt (1) (As of Dec. 2023)