Midland Capital Holdings (Midland Capital Holdings) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Midland Capital Holdings 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. Midland Capital Holdings's cash to debt ratio for the quarter that ended in Jun. 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, Midland Capital Holdings could pay off its debt using the cash in hand for the quarter that ended in Jun. 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 Midland Capital Holdings's Cash-to-Debt or its related term are showing as below:

MCPH' 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 9 years, Midland Capital Holdings's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

MCPH's Cash-to-Debt is ranked better than
99.72% of 1424 companies
in the Banks industry
Industry Median: 1.295 vs MCPH: No Debt

Midland Capital Holdings Cash-to-Debt Historical Data

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

Midland Capital Holdings Annual Data

Trend

Jun00

Jun01

Jun03

Jun04

Jun05

Jun06

Jun07

Jun22

Jun23

Cash-to-Debt

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No Debt

Midland Capital Holdings Semi-Annual Data
	Jun00	Jun01	Jun03	Jun04	Jun05	Jun06	Jun07	Jun22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial				No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Midland Capital Holdings's Cash-to-Debt

For the Banks - Regional subindustry, Midland Capital Holdings'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.

Midland Capital Holdings's Cash-to-Debt Distribution in the Banks Industry

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

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

Midland Capital Holdings Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

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

Midland Capital Holdings had no debt ⁽¹⁾.

Midland Capital Holdings's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Midland Capital Holdings had no debt ⁽¹⁾.

Midland Capital Holdings (OTCPK:MCPH) 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.

Midland Capital Holdings Cash-to-Debt Related Terms

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

Midland Capital Holdings (Midland Capital Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Midland Capital Holdings Corp (OTCPK:MCPH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8929 South Harlem Avenue, Bridgeview, IL, USA, 60455

Website

https://www.midlandfederal.com

Midland Capital Holdings Corp is engaged in the business of attracting deposits from the general public and using such deposits to originate a residential mortgage and, to a lesser extent, consumer, multi-family, and other loans in its primary market area. The company also makes substantial investments in investment securities and money market mutual funds.

Executives

Richard Lloyd Taylor	director, officer: Vice President	13361 CALLAN DR., ORLAND PARK X1 60462
Algerd Brazis	director
Michael J Kukanza	director

Midland Capital Holdings (Midland Capital Holdings) Headlines

From GuruFocus

Midland Capital Holdings Corporation Reaches Definitive Agreement to Be Acquired by Investor Group

By PRNewswire • 09-12-2023

Midland Capital Holdings (Midland Capital Holdings) Cash-to-Debt : No Debt (1) (As of Jun. 2023)