Terra Firma Capital (TSXV:TII) Cash-to-Debt : 0.31 (As of Jun. 2023)

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What is Terra Firma Capital 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. Terra Firma Capital's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.31.

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, Terra Firma Capital couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Terra Firma Capital's Cash-to-Debt or its related term are showing as below:

TSXV:TII' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.09 Max: 0.31
Current: 0.31

During the past 13 years, Terra Firma Capital's highest Cash to Debt Ratio was 0.31. The lowest was 0.01. And the median was 0.09.

TSXV:TII's Cash-to-Debt is not ranked
in the Banks industry.
Industry Median: 1.3 vs TSXV:TII: 0.31

Terra Firma Capital Cash-to-Debt Historical Data

The historical data trend for Terra Firma Capital'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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Terra Firma Capital Cash-to-Debt Chart

Terra Firma Capital Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.08

0.02

0.05

0.21

0.17

Terra Firma Capital Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.17	0.15	0.17	0.26	0.31

Competitive Comparison of Terra Firma Capital's Cash-to-Debt

For the Mortgage Finance subindustry, Terra Firma Capital'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.

Terra Firma Capital's Cash-to-Debt Distribution in the Banks Industry

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

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

Terra Firma Capital 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.

Terra Firma Capital's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	22.6	/	(-0.068	+	132.333)
	=	0.17

Terra Firma Capital's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	33.531	/	(0	+	108.73)
	=	0.31

Terra Firma Capital (TSXV:TII) 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.

Terra Firma Capital Cash-to-Debt Related Terms

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

Terra Firma Capital (TSXV:TII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Terra Firma Capital Corp (TSXV:TII) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Saint Clair Avenue East, Weston Centre, Suite 200, Toronto, ON, CAN, M4T 2S5

Website

https://www.tfcc.ca

Terra Firma Capital Corp is a real estate finance company that provides real estate financings secured by investment properties and real estate developments throughout Canada and the U.S. These financings are made to real estate developers and owners who require shorter-term loans to bridge a transitional period of one to five years where it requires capital at various stages of development or redevelopment properties, for such development or redevelopment, properties repairs or the purchase of investment properties.

Terra Firma Capital (TSXV:TII) Headlines

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