Western Pacific Trust Co (TSXV:WP) Cash-to-Debt : 2.40 (As of Mar. 2024)

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What is Western Pacific Trust Co 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. Western Pacific Trust Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.40.

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, Western Pacific Trust Co 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 Western Pacific Trust Co's Cash-to-Debt or its related term are showing as below:

TSXV:WP' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.74 Med: 3.65 Max: 27.55
Current: 2.4

During the past 13 years, Western Pacific Trust Co's highest Cash to Debt Ratio was 27.55. The lowest was 1.74. And the median was 3.65.

TSXV:WP's Cash-to-Debt is ranked worse than
55.14% of 1449 companies
in the Asset Management industry
Industry Median: 5.79 vs TSXV:WP: 2.40

Western Pacific Trust Co Cash-to-Debt Historical Data

The historical data trend for Western Pacific Trust Co'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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Western Pacific Trust Co Cash-to-Debt Chart

Western Pacific Trust Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.59

3.65

2.59

1.78

2.28

Western Pacific Trust Co 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															1.83	1.74	2.28	2.28	2.40

Competitive Comparison of Western Pacific Trust Co's Cash-to-Debt

For the Asset Management subindustry, Western Pacific Trust Co'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.

Western Pacific Trust Co's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Western Pacific Trust Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Western Pacific Trust Co's Cash-to-Debt falls into.

Western Pacific Trust Co 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.

Western Pacific Trust Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2.221	/	(0.071	+	0.902)
	=	2.28

Western Pacific Trust Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2.296	/	(0.073	+	0.884)
	=	2.40

Western Pacific Trust Co (TSXV:WP) 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.

Western Pacific Trust Co Cash-to-Debt Related Terms

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

Western Pacific Trust Co (TSXV:WP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Western Pacific Trust Co (TSXV:WP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

920-789 West Pender Street, Suite 920, Vancouver, BC, CAN, V6C 1H2

Website

https://www.westernpacifictrust.com

Western Pacific Trust Co is a non-deposit-taking independent trust company. The company acts as Trustee for Self-Administered Registered Retirement Savings Plans (RRSP), which permit investors the tax-deferred benefits of a registered plan while maintaining control over their investment choices. It also offers self-administered Tax-Free Savings Accounts (TFSA), within which clients can earn tax-free investment income during their lifetime. The company operates in the Financial Services industry segment, and all operations are situated in Canada.

Executives

Garnett Cutler

Director