Indigo Books & Music (TSX:IDG) Cash-to-Debt : 0.20 (As of Dec. 2023)

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What is Indigo Books & Music 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. Indigo Books & Music's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.20.

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, Indigo Books & Music 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 Indigo Books & Music's Cash-to-Debt or its related term are showing as below:

TSX:IDG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 213.11 Max: 34782
Current: 0.2

During the past 13 years, Indigo Books & Music's highest Cash to Debt Ratio was 34782.00. The lowest was 0.04. And the median was 213.11.

TSX:IDG's Cash-to-Debt is ranked worse than
69.62% of 1106 companies
in the Retail - Cyclical industry
Industry Median: 0.465 vs TSX:IDG: 0.20

Indigo Books & Music Cash-to-Debt Historical Data

The historical data trend for Indigo Books & Music'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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Indigo Books & Music Cash-to-Debt Chart

Indigo Books & Music Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

0.21

0.15

0.16

0.13

Indigo Books & Music 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															0.30	0.13	0.04	0.05	0.20

Competitive Comparison of Indigo Books & Music's Cash-to-Debt

For the Specialty Retail subindustry, Indigo Books & Music'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.

Indigo Books & Music's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Indigo Books & Music's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Indigo Books & Music's Cash-to-Debt falls into.

Indigo Books & Music 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.

Indigo Books & Music's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	65.113	/	(69.161	+	428.284)
	=	0.13

Indigo Books & Music'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)
	=	93.254	/	(69.737	+	402.815)
	=	0.20

Indigo Books & Music (TSX:IDG) 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.

Indigo Books & Music Cash-to-Debt Related Terms

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Indigo Books & Music (TSX:IDG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Indigo Books & Music Inc (TSX:IDG) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

IDGBF:USA

Address

620 King Street West, Suite 400, Toronto, ON, CAN, M5V 1M6

Website

https://www.chapters.indigo.ca

Indigo Books & Music Inc is a Canada-based book, gift, and toy retailer. It operates a chain of retail bookstores across all Canada, including approximately 87 superstores under Indigo and Chapters banners names as well as over 80 small format stores under the banners Coles, Indigospirit, SmithBooks, and The Book company. Its digital platforms sell expanded selection of books, gifts, toys, and paper products. It also has interest in Calendar Club of Canada, which operates seasonal kiosks and year-round stores in shopping malls across Canada. The company generates its revenue from Superstores, Small format stores, Online, and Others.

Indigo Books & Music (TSX:IDG) Headlines

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