Internet Gold-Golden Lines (XTAE:IGLD-M) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Internet Gold-Golden Lines 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. Internet Gold-Golden Lines's cash to debt ratio for the quarter that ended in Jun. 2023 was No Debt ⁽¹⁾.

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, Internet Gold-Golden Lines could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

(1) 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.

The historical rank and industry rank for Internet Gold-Golden Lines's Cash-to-Debt or its related term are showing as below:

XTAE:IGLD-M' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.21 Max: No Debt
Current: No Debt

During the past 13 years, Internet Gold-Golden Lines's highest Cash to Debt Ratio was No Debt. The lowest was 0.14. And the median was 0.21.

XTAE:IGLD-M's Cash-to-Debt is ranked better than
99.47% of 378 companies
in the Telecommunication Services industry
Industry Median: 0.35 vs XTAE:IGLD-M: No Debt

Internet Gold-Golden Lines Cash-to-Debt Historical Data

The historical data trend for Internet Gold-Golden Lines'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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Internet Gold-Golden Lines Cash-to-Debt Chart

Internet Gold-Golden Lines Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Cash-to-Debt

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0.16

0.14

0.21

0.19

0.46

Internet Gold-Golden Lines Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.24	0.21	0.46	N/A	No Debt

Competitive Comparison of Internet Gold-Golden Lines's Cash-to-Debt

For the Telecom Services subindustry, Internet Gold-Golden Lines'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.

Internet Gold-Golden Lines's Cash-to-Debt Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Internet Gold-Golden Lines's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Internet Gold-Golden Lines's Cash-to-Debt falls into.

Internet Gold-Golden Lines 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.

Internet Gold-Golden Lines's Cash to Debt Ratio for the fiscal year that ended in Dec. 2019 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)
	=	334	/	(723	+	0)
	=	0.46

Internet Gold-Golden Lines's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Internet Gold-Golden Lines had no debt ⁽¹⁾.

Internet Gold-Golden Lines (XTAE:IGLD-M) 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.

Internet Gold-Golden Lines Cash-to-Debt Related Terms

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

Internet Gold-Golden Lines (XTAE:IGLD-M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Internet Gold-Golden Lines Ltd (XTAE:IGLD-M) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Dov Friedman Street, Ramat Gan, ISR, 5250301

Website

http://www.igld.com

Internet Gold-Golden Lines Ltd is communications group in Israel. The company's principal subsidiary is B Communications, through which it owns the controlling interest in Bezeq which is a telecommunications service provider. Bezeq mainly provides communications services in Israel offering a broad range of telecommunications operations and services, including domestic fixed-line, cellular and international communication services, Internet services, multi-channel television, television and radio broadcasts, satellite broadcasts, customer call centers, maintenance and development of communications infrastructures. It also provides communications services to other communications providers and the supply and maintenance of equipment on customer premises.

Internet Gold-Golden Lines (XTAE:IGLD-M) Headlines

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Internet Gold-Golden Lines (XTAE:IGLD-M) Cash-to-Debt : No Debt (1) (As of Jun. 2023)