IG Group Holdings (LSE:IGG) Cash-to-Debt : 2.27 (As of Nov. 2023)

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What is IG Group 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. IG Group Holdings's cash to debt ratio for the quarter that ended in Nov. 2023 was 2.27.

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, IG Group Holdings could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

LSE:IGG' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.27 Med: 5.19 Max: No Debt
Current: 2.27

During the past 13 years, IG Group Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 2.27. And the median was 5.19.

LSE:IGG's Cash-to-Debt is ranked better than
52.97% of 791 companies
in the Capital Markets industry
Industry Median: 1.87 vs LSE:IGG: 2.27

IG Group Holdings Cash-to-Debt Historical Data

The historical data trend for IG Group 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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IG Group Holdings Cash-to-Debt Chart

IG Group Holdings Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash-to-Debt

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4.10

4.78

6.42

4.54

3.21

IG Group Holdings Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															2.50	4.54	3.18	3.21	2.27

Competitive Comparison of IG Group Holdings's Cash-to-Debt

For the Capital Markets subindustry, IG Group 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.

IG Group Holdings's Cash-to-Debt Distribution in the Capital Markets Industry

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

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

IG Group 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.

IG Group Holdings's Cash to Debt Ratio for the fiscal year that ended in May. 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)
	=	1025.3	/	(7.4	+	312.1)
	=	3.21

IG Group Holdings's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	725.1	/	(8	+	311.8)
	=	2.27

IG Group Holdings (LSE:IGG) 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.

IG Group Holdings Cash-to-Debt Related Terms

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IG Group Holdings (LSE:IGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » IG Group Holdings PLC (LSE:IGG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IGGRF:USA IGGHY:USA IGGl:UK I5G:Germany

Address

Cannon Bridge House, 25 Dowgate Hill, London, GBR, EC4R 2YA

Website

https://www.iggroup.com

IG Group Holdings PLC provides online trading services to its clients. The majority of the company's revenue stems from its derivative products and contracts for difference (CFDs). The company operates through various segments which are The U.K. segment which derives its revenue from financial spread bets, CFDs, binary options, and execution-only stockbroking. The Australian segment derives its revenue from CFDs and binary options. The European segment derives its revenue from CFDs, binary options, and execution-only stockbroking. The Rest of the World segment derives its revenue from the operation of a regulated futures and options exchange as well as CFDs and binary options. The company generates more than half of its revenue from the U.K., followed by Europe and Australia.

IG Group Holdings (LSE:IGG) Headlines

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