Firm Capital Mortgage Investment (TSX:FC) Cash-to-Debt : 0.00 (As of Mar. 2024)

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What is Firm Capital Mortgage Investment 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. Firm Capital Mortgage Investment's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.00.

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, Firm Capital Mortgage Investment 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 Firm Capital Mortgage Investment's Cash-to-Debt or its related term are showing as below:

During the past 13 years, Firm Capital Mortgage Investment's highest Cash to Debt Ratio was 0.23. The lowest was 0.00. And the median was 0.04.

TSX:FC's Cash-to-Debt is not ranked ^*
in the Banks industry.
Industry Median: 1.3
* Ranked among companies with meaningful Cash-to-Debt only.

Firm Capital Mortgage Investment Cash-to-Debt Historical Data

The historical data trend for Firm Capital Mortgage Investment'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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Firm Capital Mortgage Investment Cash-to-Debt Chart

Firm Capital Mortgage Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.05

Firm Capital Mortgage Investment 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															-	0.01	0.23	0.05	-

Competitive Comparison of Firm Capital Mortgage Investment's Cash-to-Debt

For the Mortgage Finance subindustry, Firm Capital Mortgage Investment'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.

Firm Capital Mortgage Investment's Cash-to-Debt Distribution in the Banks Industry

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

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

Firm Capital Mortgage Investment 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.

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

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	9.367	/	(24.678	+	158.122)
	=	0.05

Firm Capital Mortgage Investment's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0	/	(29.94	+	158.624)
	=	0.00

Firm Capital Mortgage Investment (TSX:FC) 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.

Firm Capital Mortgage Investment Cash-to-Debt Related Terms

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

Firm Capital Mortgage Investment (TSX:FC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Firm Capital Mortgage Investment Corp (TSX:FC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FCMGF:USA 74X:Germany

Address

163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5

Website

https://www.firmcapital.com

Firm Capital Mortgage Investment Corp is a Canadian financial provider. It acts as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. The company provides construction, equity and conventional real estate finance for include residential houses, small multi-family residential properties, mixed-use residential and others to the builder, developer, and real estate owner marketplace along with a high level of personal service to real estate investors. Also, it provides loan servicing, asset management, and related investment services. The company's revenue mainly comprises Interest and fee income and commission fees arising from Canada and United States.

Executives

Ryan Lim

Senior Officer