MCAN Financial Group (TSX:MKP) Cash-to-Debt : 3.04 (As of Mar. 2024)

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What is MCAN Financial Group 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. MCAN Financial Group's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.04.

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, MCAN Financial Group could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for MCAN Financial Group's Cash-to-Debt or its related term are showing as below:

TSX:MKP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 19.94 Max: No Debt
Current: 3.04

During the past 13 years, MCAN Financial Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 19.94.

TSX:MKP's Cash-to-Debt is ranked better than
72% of 1432 companies
in the Banks industry
Industry Median: 1.3 vs TSX:MKP: 3.04

MCAN Financial Group Cash-to-Debt Historical Data

The historical data trend for MCAN Financial Group'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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MCAN Financial Group Cash-to-Debt Chart

MCAN Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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6.65

0.08

1.21

9.09

0.91

MCAN Financial Group 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															2.09	0.88	0.61	0.91	3.04

Competitive Comparison of MCAN Financial Group's Cash-to-Debt

For the Mortgage Finance subindustry, MCAN Financial Group'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.

MCAN Financial Group's Cash-to-Debt Distribution in the Banks Industry

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

* The bar in red indicates where MCAN Financial Group's Cash-to-Debt falls into.

MCAN Financial Group 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.

MCAN Financial Group'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)
	=	60.345	/	(0	+	66.383)
	=	0.91

MCAN Financial Group'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)
	=	78.275	/	(0	+	25.786)
	=	3.04

MCAN Financial Group (TSX:MKP) 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.

MCAN Financial Group Cash-to-Debt Related Terms

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

MCAN Financial Group (TSX:MKP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MCAN Financial Group (TSX:MKP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MAMTF:USA 885:Germany

Address

200 King Street West, Suite 600, Toronto, ON, CAN, M5H 3T4

Website

https://www.mcanfinancial.com

MCAN Financial Group is a mortgage investment company whose objective is to generate a reliable stream of income by investing its funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of loans and investments, real estate and securitization investments. The company derives majority of its revenues from mortgage income and equity income.

Executives

Glenn Doré

Director

MCAN Financial Group (TSX:MKP) Headlines

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