Paragon Banking Group (LSE:PAG) Cash-to-Debt : 10.27 (As of Sep. 2023)

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What is Paragon Banking Group 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. Paragon Banking Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 10.27.

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, Paragon Banking Group 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 Paragon Banking Group's Cash-to-Debt or its related term are showing as below:

LSE:PAG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.2 Max: 10.27
Current: 10.27

During the past 13 years, Paragon Banking Group's highest Cash to Debt Ratio was 10.27. The lowest was 0.09. And the median was 0.20.

LSE:PAG's Cash-to-Debt is ranked better than
86.66% of 1432 companies
in the Banks industry
Industry Median: 1.3 vs LSE:PAG: 10.27

Paragon Banking Group Cash-to-Debt Historical Data

The historical data trend for Paragon Banking Group'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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Paragon Banking Group Cash-to-Debt Chart

Paragon Banking Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

Get a 7-Day Free Trial

0.22

0.44

0.84

1.55

10.27

Paragon Banking Group Semi-Annual Data
	Mar14	Sep14	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															0.84	0.93	1.55	2.52	10.27

Competitive Comparison of Paragon Banking Group's Cash-to-Debt

For the Mortgage Finance subindustry, Paragon Banking Group'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.

Paragon Banking Group's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Paragon Banking Group's Cash-to-Debt distribution charts can be found below:

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

Paragon Banking Group 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.

Paragon Banking Group's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	3032.3	/	(0	+	295.3)
	=	10.27

Paragon Banking Group's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	3032.3	/	(0	+	295.3)
	=	10.27

Paragon Banking Group (LSE:PAG) 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.

Paragon Banking Group Cash-to-Debt Related Terms

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Paragon Banking Group (LSE:PAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Paragon Banking Group PLC (LSE:PAG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PAGl:UK

Address

51 Homer Road, Solihull, West Midlands, GBR, B91 3QJ

Website

https://www.paragonbankinggroup.co.uk

Paragon Banking Group PLC, is a specialty finance company that provides diversified banking services to clients. The company operates two core businesses: Mortgages Lending and Commercial Lending. The Mortgages Lending includes the Group's buy-to-let, and owner-occupied first and second charge lending and related activities. Commercial Lending, includes the Group's equipment and motor finance leasing activities, together with development finance, structured lending and other offerings targeted towards SME customers.