Citizens Development Business Finance (COL:CDB.N0000) Cash-to-Debt : 0.69 (As of Dec. 2023)

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What is Citizens Development Business Finance 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. Citizens Development Business Finance's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.69.

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, Citizens Development Business Finance 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 Citizens Development Business Finance's Cash-to-Debt or its related term are showing as below:

COL:CDB.N0000' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.25 Max: 0.74
Current: 0.69

During the past 13 years, Citizens Development Business Finance's highest Cash to Debt Ratio was 0.74. The lowest was 0.16. And the median was 0.25.

COL:CDB.N0000's Cash-to-Debt is ranked better than
63.55% of 502 companies
in the Credit Services industry
Industry Median: 0.225 vs COL:CDB.N0000: 0.69

Citizens Development Business Finance Cash-to-Debt Historical Data

The historical data trend for Citizens Development Business Finance'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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Citizens Development Business Finance Cash-to-Debt Chart

Citizens Development Business Finance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.26

0.17

0.18

0.33

0.49

Citizens Development Business Finance 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															0.41	0.49	0.53	0.54	0.69

Competitive Comparison of Citizens Development Business Finance's Cash-to-Debt

For the Credit Services subindustry, Citizens Development Business Finance'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.

Citizens Development Business Finance's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Citizens Development Business Finance's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Citizens Development Business Finance's Cash-to-Debt falls into.

Citizens Development Business Finance Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Citizens Development Business Finance's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	10485.517	/	(0	+	21292.801)
	=	0.49

Citizens Development Business Finance's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	25157.189	/	(0	+	36664.345)
	=	0.69

Citizens Development Business Finance (COL:CDB.N0000) 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.

Citizens Development Business Finance Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Citizens Development Business Finance's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Citizens Development Business Finance (COL:CDB.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Citizens Development Business Finance PLC (COL:CDB.N0000) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CDB.X0000:Sri Lanka

Address

No. 123, Orabipasha Mawatha, Western Province, Colombo, LKA, 10

Website

https://www.cdb.lk

Citizens Development Business Finance PLC provides financial services. The company offers term and savings deposits, leasing, hire purchase and loan facilities, gold loans, foreign exchange, foreign remittances, issuance of international debit cards, credit cards, margin trading, Islamic finance products, and other financial services. Its operating segment includes Lease and stocks out on hire; Loans and advances and Other. The company generates maximum revenue from the Lease and stock out-on-hire segment.

Citizens Development Business Finance (COL:CDB.N0000) Headlines

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