Jarvis Securities (LSE:JIM) Cash-to-Debt : 17.39 (As of Dec. 2023)

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What is Jarvis Securities 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. Jarvis Securities's cash to debt ratio for the quarter that ended in Dec. 2023 was 17.39.

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, Jarvis Securities could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

LSE:JIM' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.65 Med: 5029.1 Max: No Debt
Current: 17.39

During the past 13 years, Jarvis Securities's highest Cash to Debt Ratio was No Debt. The lowest was 11.65. And the median was 5029.10.

LSE:JIM's Cash-to-Debt is ranked better than
71.55% of 791 companies
in the Capital Markets industry
Industry Median: 1.87 vs LSE:JIM: 17.39

Jarvis Securities Cash-to-Debt Historical Data

The historical data trend for Jarvis Securities'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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Jarvis Securities Cash-to-Debt Chart

Jarvis Securities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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23.29

25.50

58.20

11.65

17.39

Jarvis Securities Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															58.20	189.68	11.65	17.16	17.39

Competitive Comparison of Jarvis Securities's Cash-to-Debt

For the Capital Markets subindustry, Jarvis Securities'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.

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

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

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

Jarvis Securities 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.

Jarvis Securities's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	5.181	/	(0.074	+	0.224)
	=	17.39

Jarvis Securities's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	5.181	/	(0.074	+	0.224)
	=	17.39

Jarvis Securities (LSE:JIM) 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.

Jarvis Securities Cash-to-Debt Related Terms

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

Jarvis Securities (LSE:JIM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

78 Mount Ephraim, Royal Tunbridge Wells, Kent, GBR, TN4 8BS

Website

http://www.jarvisinvest.co.uk

Jarvis Securities PLC operates in the financial services sector. Its core business is to provide retail execution-only stockbroking, ISA (Individual saving account), and SIPP (Self-invested personal pension) investment wrappers, savings schemes, financial administration, settlement, and custody services to stockbrokers, investment firms, and individuals. The company also provides outsourced financial administration services to various investment firms. Its operations are principally carried out in the United Kingdom.

Jarvis Securities (LSE:JIM) Headlines

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