IVE Group (ASX:IGL) Cash-to-Debt : 0.13 (As of Dec. 2023)

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What is IVE Group 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. IVE Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.13.

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, IVE Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:IGL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.19 Max: 2.31
Current: 0.13

During the past 8 years, IVE Group's highest Cash to Debt Ratio was 2.31. The lowest was 0.08. And the median was 0.19.

ASX:IGL's Cash-to-Debt is ranked worse than
83.54% of 990 companies
in the Media - Diversified industry
Industry Median: 1.215 vs ASX:IGL: 0.13

IVE Group Cash-to-Debt Historical Data

The historical data trend for IVE Group'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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IVE Group Cash-to-Debt Chart

IVE Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.18

0.16

0.37

0.27

0.15

IVE Group Semi-Annual Data
	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												0.24	0.27	0.19	0.15	0.13

Competitive Comparison of IVE Group's Cash-to-Debt

For the Advertising Agencies subindustry, IVE Group'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.

IVE Group's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, IVE Group's Cash-to-Debt distribution charts can be found below:

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

IVE Group 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.

IVE Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	44.86	/	(40.291	+	259.631)
	=	0.15

IVE Group's Cash to Debt Ratio for the quarter 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)
	=	41.655	/	(39.566	+	291.279)
	=	0.13

IVE Group (ASX:IGL) 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.

IVE Group Cash-to-Debt Related Terms

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IVE Group (ASX:IGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » IVE Group Ltd (ASX:IGL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

350-374 Parramatta Road, Building B, Homebush, Sydney, NSW, AUS, 2140

Website

https://www.ivegroup.com.au

IVE Group Ltd is a diversified print and marketing communications company. The principal activities of the company include conceptual and creative design across print, mobile and interactive media; catalogues, the printing of magazines, marketing, and corporate communications materials and stationery. Also, the company provides personalized communications including marketing mail, publication mail, e-communications, and multi-channel solutions. It serves sectors such as financial services, publishing, retail, communications, property, clubs and associations, not-for-profit, utilities, manufacturing, education, and government.

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