Funding Circle Holdings (LSE:FCH) Cash-to-Debt : 3.19 (As of Dec. 2023)

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What is Funding Circle Holdings 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. Funding Circle Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.19.

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, Funding Circle Holdings 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 Funding Circle Holdings's Cash-to-Debt or its related term are showing as below:

LSE:FCH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 3.19 Max: No Debt
Current: 3.19

During the past 9 years, Funding Circle Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.20. And the median was 3.19.

LSE:FCH's Cash-to-Debt is ranked better than
75.7% of 502 companies
in the Credit Services industry
Industry Median: 0.23 vs LSE:FCH: 3.19

Funding Circle Holdings Cash-to-Debt Historical Data

The historical data trend for Funding Circle Holdings'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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Funding Circle Holdings Cash-to-Debt Chart

Funding Circle Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.25

0.20

0.80

2.69

3.19

Funding Circle Holdings Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										0.80	1.61	2.69	3.25	3.19

Competitive Comparison of Funding Circle Holdings's Cash-to-Debt

For the Credit Services subindustry, Funding Circle Holdings'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.

Funding Circle Holdings's Cash-to-Debt Distribution in the Credit Services Industry

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

* The bar in red indicates where Funding Circle Holdings's Cash-to-Debt falls into.

Funding Circle Holdings 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.

Funding Circle Holdings'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)
	=	221.4	/	(61.9	+	7.6)
	=	3.19

Funding Circle Holdings'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)
	=	221.4	/	(61.9	+	7.6)
	=	3.19

Funding Circle Holdings (LSE:FCH) 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.

Funding Circle Holdings Cash-to-Debt Related Terms

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Funding Circle Holdings (LSE:FCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Funding Circle Holdings PLC (LSE:FCH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FDCHF:USA FCHl:UK

Address

71 Queen Victoria Street, London, GBR, EC4V 4AY

Website

https://www.corporate.fundingcircle.com

Funding Circle Holdings PLC provides an online lending platform through which borrower loans are originated and allocated to investors and comprising the different online lending platforms across the company's geographies. The company's geographical segments include the United Kingdom, the United States, and developing markets. It derives the majority of its revenue from the United Kingdom region.