OTC Markets Group (OTC Markets Group) Cash-to-Debt : 2.71 (As of Dec. 2023)

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What is OTC Markets 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. OTC Markets Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.71.

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

OTCM' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.62 Med: 5001.53 Max: No Debt
Current: 2.71

During the past 13 years, OTC Markets Group's highest Cash to Debt Ratio was No Debt. The lowest was 1.62. And the median was 5001.53.

OTCM's Cash-to-Debt is ranked better than
55.84% of 788 companies
in the Capital Markets industry
Industry Median: 1.825 vs OTCM: 2.71

OTC Markets Group Cash-to-Debt Historical Data

The historical data trend for OTC Markets 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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OTC Markets Group Cash-to-Debt Chart

OTC Markets Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.62

2.07

3.06

2.45

2.71

OTC Markets Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															2.45	2.00	2.18	2.62	2.71

Competitive Comparison of OTC Markets Group's Cash-to-Debt

For the Financial Data & Stock Exchanges subindustry, OTC Markets 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.

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

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

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

OTC Markets Group 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.

OTC Markets Group'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)
	=	37.723	/	(2.052	+	11.895)
	=	2.70

OTC Markets Group'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)
	=	37.723	/	(2.052	+	11.895)
	=	2.70

OTC Markets Group (OTCPK:OTCM) 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.

OTC Markets Group Cash-to-Debt Related Terms

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OTC Markets Group (OTC Markets Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » OTC Markets Group Inc (OTCPK:OTCM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Vesey Street, New York, NY, USA, 10282

Website

https://www.otcmarkets.com

OTC Markets Group Inc operates financial markets for securities in the U.S and globally. The firm mainly operates OTCQX best market, OTCQB venture market and Pink open market. It has OTC link ATS, market data licensing and corporate services business lines. The activities of these business lines encompass quotation and trade messaging services, network-based platform, access to market data, a suite of market data licenses and disclosure and information services. It derives a majority of revenue from the U.S.