Eurocastle Investment (XAMS:ECT) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Eurocastle 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. Eurocastle Investment'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, Eurocastle Investment 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 Eurocastle Investment's Cash-to-Debt or its related term are showing as below:

XAMS:ECT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Eurocastle Investment's highest Cash to Debt Ratio was No Debt. The lowest was 0.08. And the median was No Debt.

XAMS:ECT's Cash-to-Debt is ranked better than
99.93% of 1476 companies
in the Asset Management industry
Industry Median: 5.445 vs XAMS:ECT: No Debt

Eurocastle Investment Cash-to-Debt Historical Data

The historical data trend for Eurocastle 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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Eurocastle Investment Cash-to-Debt Chart

Eurocastle Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Eurocastle Investment 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 Eurocastle Investment's Cash-to-Debt

For the Asset Management subindustry, Eurocastle 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.

Eurocastle Investment's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Eurocastle 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.

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

Eurocastle Investment had no debt ⁽¹⁾.

Eurocastle Investment's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Eurocastle Investment had no debt ⁽¹⁾.

Eurocastle Investment (XAMS:ECT) 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.

Eurocastle Investment Cash-to-Debt Related Terms

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

Eurocastle Investment (XAMS:ECT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eurocastle Investment Ltd (XAMS:ECT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hirzel Street, Oak House, Saint Peter Port, GGY, GY1 2NP

Website

https://www.eurocastleinv.com

Eurocastle Investment Ltd is a publicly-traded closed-ended investment company. It focuses on investing in performing and non-performing loans, Italian loan servicing platforms and other real estate related assets in Italy. Geographically, the group operating segment is Europe.

Eurocastle Investment (XAMS:ECT) Headlines

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Eurocastle Investment (XAMS:ECT) Cash-to-Debt : No Debt (1) (As of Dec. 2023)