CMC Markets (LSE:CMCX) Cash-to-Debt : 11.85 (As of Sep. 2023)

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What is CMC Markets 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. CMC Markets's cash to debt ratio for the quarter that ended in Sep. 2023 was 11.85.

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, CMC Markets could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

LSE:CMCX' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.89 Med: 10.51 Max: 59.34
Current: 11.85

During the past 11 years, CMC Markets's highest Cash to Debt Ratio was 59.34. The lowest was 1.89. And the median was 10.51.

LSE:CMCX's Cash-to-Debt is ranked better than
67.76% of 791 companies
in the Capital Markets industry
Industry Median: 1.83 vs LSE:CMCX: 11.85

CMC Markets Cash-to-Debt Historical Data

The historical data trend for CMC Markets'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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CMC Markets Cash-to-Debt Chart

CMC Markets Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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25.47

5.25

8.93

13.23

14.96

CMC Markets Semi-Annual Data
	Mar13	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															10.16	13.23	10.86	14.96	11.85

Competitive Comparison of CMC Markets's Cash-to-Debt

For the Capital Markets subindustry, CMC Markets'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.

CMC Markets's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, CMC Markets's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CMC Markets's Cash-to-Debt falls into.

CMC Markets 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.

CMC Markets'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)
	=	176.79	/	(5.59	+	6.228)
	=	14.96

CMC Markets's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	205.125	/	(5.006	+	12.307)
	=	11.85

CMC Markets (LSE:CMCX) 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.

CMC Markets Cash-to-Debt Related Terms

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

CMC Markets (LSE:CMCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » CMC Markets PLC (LSE:CMCX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CMCXl:UK T8Q:Germany

Address

133 Houndsditch, London, GBR, EC3A 7BX

Website

https://www.cmcmarkets.com

CMC Markets PLC is a United Kingdom-based company that provides online and mobile trading services. The company's core business is to provide online retail financial services and allows people to trade in various financial products of underlying assets such as forex markets, indices, shares, commodities, and treasuries. Its operating segments include Trading - CFD and spread bet - UK and Ireland; Trading - CFD - Europe; Trading - CFD - Australia, New Zealand and Singapore (APAC) and Canada and Investing - Stockbroking - Australia.

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