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Conversion Industries (Conversion Industries) Cash-to-Debt : 0.40 (As of Jun. 2094)


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What is Conversion Industries 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. Conversion Industries's cash to debt ratio for the quarter that ended in Jun. 2094 was 0.40.

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, Conversion Industries couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2094.

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

CVII's Cash-to-Debt is not ranked *
in the Asset Management industry.
Industry Median: 5.53
* Ranked among companies with meaningful Cash-to-Debt only.

Conversion Industries Cash-to-Debt Historical Data

The historical data trend for Conversion Industries'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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Conversion Industries Cash-to-Debt Chart

Conversion Industries Annual Data
Trend Nov90 Jun91 Jun92 Jun93 Jun94
Cash-to-Debt
0.01 0.88 0.21 1.16 0.40

Conversion Industries Semi-Annual Data
Nov90 Jun92 Jun93 Jun94
Cash-to-Debt 0.01 0.21 1.16 0.40

Competitive Comparison of Conversion Industries's Cash-to-Debt

For the Asset Management subindustry, Conversion Industries'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.

Conversion Industries's Cash-to-Debt Distribution in the Asset Management Industry

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

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


Conversion Industries 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.

Conversion Industries's Cash to Debt Ratio for the fiscal year that ended in Jun. 2094 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)
=1.2 / (3 + 0)
=0.40

Conversion Industries's Cash to Debt Ratio for the quarter that ended in Jun. 2094 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)
=1.2 / (3 + 0)
=0.40

* 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.

Conversion Industries  (OTCPK:CVII) 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.

Conversion Industries Cash-to-Debt Related Terms

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

Conversion Industries (Conversion Industries) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Conversion Industries Inc (OTCPK:CVII) » Definitions » Cash-to-Debt
Comparable Companies
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Traded in Other Exchanges
N/A
Address
Website
Conversion Industries, Inc. operates as a merchant banker. The Company's principal activity is to make equity investments in companies with the intention of assisting the company in making a public offering.