Mercantil Servicios Financieros CA (CAR:MVZ.A) Cash-to-Debt : 5.63 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Mercantil Servicios Financieros CA 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. Mercantil Servicios Financieros CA's cash to debt ratio for the quarter that ended in Dec. 2023 was 5.63.

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, Mercantil Servicios Financieros CA could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Mercantil Servicios Financieros CA's Cash-to-Debt or its related term are showing as below:

CAR:MVZ.A' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.63 Med: 97.18 Max: 2373.17
Current: 5.63

During the past 13 years, Mercantil Servicios Financieros CA's highest Cash to Debt Ratio was 2373.17. The lowest was 5.63. And the median was 97.18.

CAR:MVZ.A's Cash-to-Debt is ranked better than
82.07% of 1428 companies
in the Banks industry
Industry Median: 1.3 vs CAR:MVZ.A: 5.63

Mercantil Servicios Financieros CA Cash-to-Debt Historical Data

The historical data trend for Mercantil Servicios Financieros CA'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.

* Premium members only.

Mercantil Servicios Financieros CA Cash-to-Debt Chart

Mercantil Servicios Financieros CA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

78.48

70.81

115.88

1,455.19

5.63

Mercantil Servicios Financieros CA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1,455.19	No Debt	198.55	No Debt	5.63

Competitive Comparison of Mercantil Servicios Financieros CA's Cash-to-Debt

For the Banks - Regional subindustry, Mercantil Servicios Financieros CA'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.

Mercantil Servicios Financieros CA's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mercantil Servicios Financieros CA's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Mercantil Servicios Financieros CA's Cash-to-Debt falls into.

Mercantil Servicios Financieros CA 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.

Mercantil Servicios Financieros CA'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)
	=	10640.415	/	(0	+	1890.198)
	=	5.63

Mercantil Servicios Financieros CA's Cash to Debt Ratio for the quarter 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)
	=	10640.415	/	(0	+	1890.198)
	=	5.63

Mercantil Servicios Financieros CA (CAR:MVZ.A) 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.

Mercantil Servicios Financieros CA Cash-to-Debt Related Terms

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

Mercantil Servicios Financieros CA (CAR:MVZ.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mercantil Servicios Financieros CA (CAR:MVZ.A) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MVZ.B:Venezuela

Address

Avenida Andres Bello, No. 1 Edificio Banco, Mercantil, Caracas, VEN

Website

http://www.msf.com

Mercantil Servicios Financieros CA is a Venezuela-based financial services provider. It offers, through its subsidiaries, a full range of financial products and services in the banking, insurance and wealth management businesses in the Americas and Europe. It provides financial and general banking services to corporate, middle market and retail customers. Third party asset management and securities brokerage services are provided in Venezuela and other jurisdictions, as well as insurance services in Venezuela and Panama. The company generates the majority of its revenue from Venezuela.

Mercantil Servicios Financieros CA (CAR:MVZ.A) Headlines

No Headlines