Brompton Split Banc (TSX:SBC.PR.A.PFD) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Brompton Split Banc 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. Brompton Split Banc'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, Brompton Split Banc 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 Brompton Split Banc's Cash-to-Debt or its related term are showing as below:

TSX:SBC.PR.A.PFD' 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 13 years, Brompton Split Banc's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSX:SBC.PR.A.PFD's Cash-to-Debt is ranked better than
99.93% of 1456 companies
in the Asset Management industry
Industry Median: 5.605 vs TSX:SBC.PR.A.PFD: No Debt

Brompton Split Banc Cash-to-Debt Historical Data

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

Brompton Split Banc Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Brompton Split Banc Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Asset Management subindustry, Brompton Split Banc'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.

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

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

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

Brompton Split Banc 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.

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

Brompton Split Banc had no debt ⁽¹⁾.

Brompton Split Banc's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Brompton Split Banc had no debt ⁽¹⁾.

Brompton Split Banc (TSX:SBC.PR.A.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.

Brompton Split Banc Cash-to-Debt Related Terms

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

Brompton Split Banc (TSX:SBC.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Brompton Split Banc Corp (TSX:SBC.PR.A.PFD) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

SBC:Canada

Address

181 Bay Street, Suite 2930, Bay Wellington Tower, Brookfield Place, Toronto, ON, CAN, M5J 2T3

Website

https://www.bromptongroup.com

Brompton Split Banc Corp is a Canadian-based mutual fund corporation that invests in a common share portfolio of Canadian banks. Its investment objective for preferred shareholders holders is to provide fixed, cumulative, preferential quarterly cash distributions and to return the original issue price at maturity, and for class A shares holders are to provide monthly cash distributions and the opportunity for growth in Net Asset Value per share. Its products include ETFs, Split share Corps, Preferred Shares, and other TSX-traded funds.

Brompton Split Banc (TSX:SBC.PR.A.PFD) Headlines

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Brompton Split Banc (TSX:SBC.PR.A.PFD) Cash-to-Debt : No Debt (1) (As of Dec. 2023)