Iconix Brand Group (FRA:IKIA) Cash-to-Debt : 0.09 (As of Mar. 2021)

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What is Iconix Brand 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. Iconix Brand Group's cash to debt ratio for the quarter that ended in Mar. 2021 was 0.09.

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, Iconix Brand Group couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2021.

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

FRA:IKIA's Cash-to-Debt is not ranked ^*
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.49
* Ranked among companies with meaningful Cash-to-Debt only.

Iconix Brand Group Cash-to-Debt Historical Data

The historical data trend for Iconix Brand 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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Iconix Brand Group Cash-to-Debt Chart

Iconix Brand Group Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash-to-Debt

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0.11

0.08

0.10

0.09

Iconix Brand Group Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.08	0.12	0.09	0.09

Competitive Comparison of Iconix Brand Group's Cash-to-Debt

For the Apparel Manufacturing subindustry, Iconix Brand 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.

Iconix Brand Group's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Iconix Brand Group's Cash-to-Debt distribution charts can be found below:

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

Iconix Brand 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.

Iconix Brand Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
	=	40.933	/	(23.372	+	440.566)
	=	0.09

Iconix Brand Group's Cash to Debt Ratio for the quarter that ended in Mar. 2021 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)
	=	40.475	/	(26.468	+	435.303)
	=	0.09

Iconix Brand Group (FRA:IKIA) 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.

Iconix Brand Group Cash-to-Debt Related Terms

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Iconix Brand Group (FRA:IKIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Iconix Brand Group Inc (FRA:IKIA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1450 Broadway, 3rd Floor, New York, NY, USA, 10018

Website

https://www.iconixbrand.com

Iconix Brand Group Inc owns a portfolio of consumer brands in the apparel and home categories. It monetizes the brands through licensing and joint ventures with retailers and wholesalers worldwide. Its retail licensees include Wal-Mart, Target, Kohl's, and Kmart/Sears. Some of the company's notable brands are Peanuts, Mossimo, Starter, Sharper Image, and London Fog. Licensees are responsible for design, manufacture, and distribution, while Iconix manages advertising and promotional campaigns. Most agreements require licensees to pay Iconix for advertising and marketing and to guarantee Iconix a minimum amount of royalty revenue.

Iconix Brand Group (FRA:IKIA) Headlines

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