i(x) Net Zero (LSE:IX.) Cash-to-Debt : 4.27 (As of Jun. 2023)

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What is i(x) Net Zero 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. i(x) Net Zero's cash to debt ratio for the quarter that ended in Jun. 2023 was 4.27.

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, i(x) Net Zero could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for i(x) Net Zero's Cash-to-Debt or its related term are showing as below:

LSE:IX.' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.92 Med: 5.55 Max: 19.73
Current: 4.27

During the past 5 years, i(x) Net Zero's highest Cash to Debt Ratio was 19.73. The lowest was 2.92. And the median was 5.55.

LSE:IX.'s Cash-to-Debt is ranked worse than
51.62% of 1451 companies
in the Asset Management industry
Industry Median: 5.79 vs LSE:IX.: 4.27

i(x) Net Zero Cash-to-Debt Historical Data

The historical data trend for i(x) Net Zero'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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i(x) Net Zero Cash-to-Debt Chart

i(x) Net Zero Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

4.88

4.15

6.23

2.92

18.90

i(x) Net Zero Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial				15.48	2.92	19.73	18.90	4.27

Competitive Comparison of i(x) Net Zero's Cash-to-Debt

For the Asset Management subindustry, i(x) Net Zero'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.

i(x) Net Zero's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, i(x) Net Zero's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where i(x) Net Zero's Cash-to-Debt falls into.

i(x) Net Zero 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.

i(x) Net Zero's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	6.141	/	(0.299	+	0.026)
	=	18.90

i(x) Net Zero's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	3.444	/	(0.147	+	0.659)
	=	4.27

i(x) Net Zero (LSE:IX.) 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.

i(x) Net Zero Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of i(x) Net Zero's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

i(x) Net Zero (LSE:IX.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » i(x) Net Zero PLC (LSE:IX.) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

44 Esplanade Street, 3rd Floor, St Helier, JEY, JE4 9WG

Website

https://www.ixnetzero.com

i(x) Net Zero PLC is an investment company that focuses on Energy Transition and Sustainability in the Built Environment. It provides its shareholders with the opportunity to create long-term capital growth with a positive, scalable, measurable, and sustainable impact on the environment and on the communities it serves.

i(x) Net Zero (LSE:IX.) Headlines

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