Contact Financial HoldingE (CAI:CNFN) Cash-to-Debt : 0.23 (As of Mar. 2024)

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What is Contact Financial HoldingE 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. Contact Financial HoldingE's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.23.

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, Contact Financial HoldingE couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

CAI:CNFN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.24 Max: No Debt
Current: 0.23

During the past 7 years, Contact Financial HoldingE's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 0.24.

CAI:CNFN's Cash-to-Debt is ranked better than
50.2% of 504 companies
in the Credit Services industry
Industry Median: 0.225 vs CAI:CNFN: 0.23

Contact Financial HoldingE Cash-to-Debt Historical Data

The historical data trend for Contact Financial HoldingE'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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Contact Financial HoldingE Cash-to-Debt Chart

Contact Financial HoldingE Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.12

0.10

0.05

0.33

0.27

Contact Financial HoldingE 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															0.19	0.26	0.21	0.27	0.23

Competitive Comparison of Contact Financial HoldingE's Cash-to-Debt

For the Credit Services subindustry, Contact Financial HoldingE'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.

Contact Financial HoldingE's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Contact Financial HoldingE's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Contact Financial HoldingE's Cash-to-Debt falls into.

Contact Financial HoldingE 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.

Contact Financial HoldingE'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)
	=	2006.849	/	(2612.057	+	4817.183)
	=	0.27

Contact Financial HoldingE'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)
	=	1834.971	/	(2548.008	+	5605.225)
	=	0.23

Contact Financial HoldingE (CAI:CNFN) 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.

Contact Financial HoldingE Cash-to-Debt Related Terms

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Contact Financial HoldingE (CAI:CNFN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Contact Financial Holding SAE (CAI:CNFN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Champollion Street, Tahrir, Cairo, EGY

Website

https://www.contact.eg

Contact Financial Holding SAE is a provider of finance solutions, including auto credit, insurance, and consumer finance. It offers various retail and corporate services including auto loans, mortgages, insurance, leasing, structured debt advisory, insurance brokerage, and asset management. The company operates in four operating segments namely; Financing Activities, Insurance Activities, Brokerage Activities, and Other segment.