FirstCash Holdings (STU:FF60) Cash-to-Debt : 0.07 (As of Mar. 2024)

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What is FirstCash 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. FirstCash Holdings's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.07.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, FirstCash Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

STU:FF60' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.09 Max: 0.42
Current: 0.07

During the past 13 years, FirstCash Holdings's highest Cash to Debt Ratio was 0.42. The lowest was 0.05. And the median was 0.09.

STU:FF60's Cash-to-Debt is ranked worse than
69.96% of 506 companies
in the Credit Services industry
Industry Median: 0.22 vs STU:FF60: 0.07

FirstCash Holdings Cash-to-Debt Historical Data

The historical data trend for FirstCash 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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FirstCash Holdings Cash-to-Debt Chart

FirstCash Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.05

0.07

0.08

0.07

FirstCash Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.06	0.05	0.07	0.07

Competitive Comparison of FirstCash Holdings's Cash-to-Debt

For the Credit Services subindustry, FirstCash 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.

FirstCash Holdings's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, FirstCash Holdings's Cash-to-Debt distribution charts can be found below:

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

FirstCash 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.

FirstCash Holdings'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)
	=	116.476	/	(93.499	+	1669.978)
	=	0.07

FirstCash Holdings's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	124.264	/	(92.804	+	1613.087)
	=	0.07

FirstCash Holdings (STU:FF60) 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.

FirstCash Holdings Cash-to-Debt Related Terms

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

FirstCash Holdings (STU:FF60) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » FirstCash Holdings Inc (STU:FF60) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FCFS:USA

Address

1600 West 7th Street, Fort Worth, TX, USA, 76102

Website

https://www.firstcash.com

FirstCash Holdings Inc operates pawn stores in the United States and Latin America. Its primary business involves making small loans secured by personal property. These pawn loans give the borrower the option of either repaying the loans with interest or forfeiting the property without further penalty. Close to 30% of total company revenue comes from interest earned on the loans. Close to 70% of total revenue comes from reselling forfeited property in the company's retail stores. Revenue is split almost equally between loans made in the United States, where the company has more than 300 retail locations, and loans made in Latin America, where the company has over 700 locations in Mexico and several more in Guatemala.

FirstCash Holdings (STU:FF60) Headlines

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