5Banc Split (TSX:FBS.PR.C.PFD) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2016)

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What is 5Banc Split 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. 5Banc Split's cash to debt ratio for the quarter that ended in Jun. 2016 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, 5Banc Split could pay off its debt using the cash in hand for the quarter that ended in Jun. 2016.

(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 5Banc Split's Cash-to-Debt or its related term are showing as below:

TSX:FBS.PR.C.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: N/A Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, 5Banc Split's highest Cash to Debt Ratio was No Debt. The lowest was N/A. And the median was No Debt.

TSX:FBS.PR.C.PFD's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 5.845 vs TSX:FBS.PR.C.PFD: No Debt

5Banc Split Cash-to-Debt Historical Data

The historical data trend for 5Banc Split'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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5Banc Split Cash-to-Debt Chart

5Banc Split Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Cash-to-Debt

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No Debt

5Banc Split Semi-Annual Data
	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of 5Banc Split's Cash-to-Debt

For the Asset Management subindustry, 5Banc Split'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.

5Banc Split's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, 5Banc Split's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where 5Banc Split's Cash-to-Debt falls into.

5Banc Split 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.

5Banc Split's Cash to Debt Ratio for the fiscal year that ended in Dec. 2015 is calculated as:

5Banc Split had no debt ⁽¹⁾.

5Banc Split's Cash to Debt Ratio for the quarter that ended in Jun. 2016 is calculated as:

5Banc Split had no debt ⁽¹⁾.

5Banc Split (TSX:FBS.PR.C.PFD) 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.

5Banc Split Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of 5Banc Split's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

5Banc Split (TSX:FBS.PR.C.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » 5Banc Split Inc (TSX:FBS.PR.C.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.timbercreek.com

5Banc Split, Inc. operates as a closed-end mutual fund in Canada. It invests in a portfolio of publicly listed common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and toronto-Dominion Bank. The Company holds the Portfolio Shares in order to generate fixed cumulative preferential dividends for the holders of the Company's Preferred Shares. Holders of the Capital Shares will also receive, subject to the prior rights of Preferred Shareholders, excess dividends, if any, after payment of the expenses of the Company and dividends on the Preferred Shares. The Company also provides holders of the Capital Shares with a leveraged investment, the value of which is linked to the changes in the fair value of the Portfolio Shares. The holders of Capital Shares benefit from capital appreciation in the Portfolio Shares in excess of the value of the Preferred Shares, any accrued and unpaid distributions on the Preferred Shares, and accrued and unpaid expenses. The Company only trades the Portfolio Shares in limited circumstances as described in the Company's original prospectus.

5Banc Split (TSX:FBS.PR.C.PFD) Headlines

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5Banc Split (TSX:FBS.PR.C.PFD) Cash-to-Debt : No Debt (1) (As of Jun. 2016)