Insignia Financial (Insignia Financial) Cash-to-Debt : 0.74 (As of Dec. 2023)

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What is Insignia Financial 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. Insignia Financial's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.74.

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, Insignia Financial couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

IOOFF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.63 Med: 1.78 Max: No Debt
Current: 0.74

During the past 13 years, Insignia Financial's highest Cash to Debt Ratio was No Debt. The lowest was 0.63. And the median was 1.78.

IOOFF's Cash-to-Debt is ranked worse than
62.71% of 1448 companies
in the Asset Management industry
Industry Median: 5.72 vs IOOFF: 0.74

Insignia Financial Cash-to-Debt Historical Data

The historical data trend for Insignia Financial'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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Insignia Financial Cash-to-Debt Chart

Insignia Financial Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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4.31

2.27

2.31

1.64

0.63

Insignia Financial 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															2.04	1.64	1.91	0.63	0.74

Competitive Comparison of Insignia Financial's Cash-to-Debt

For the Asset Management subindustry, Insignia Financial'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.

Insignia Financial's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Insignia Financial's Cash-to-Debt distribution charts can be found below:

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

Insignia Financial 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.

Insignia Financial's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	397.919	/	(20.738	+	608.389)
	=	0.63

Insignia Financial'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)
	=	499.063	/	(0	+	674.364)
	=	0.74

Insignia Financial (OTCPK:IOOFF) 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.

Insignia Financial Cash-to-Debt Related Terms

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Insignia Financial (Insignia Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Insignia Financial Ltd (OTCPK:IOOFF) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

IFL:Australia

Address

800 Bourke Street, Level 1, Docklands, VIC, AUS, 3008

Website

https://www.ioof.com.au

Insignia Financial (formerly IOOF) provides wealth-management advice and products via a multibranded strategy, and a vertically integrated business model. Insignia's advice business provides financial planning services to both the mass affluent and high-net-worth clients. It also owns finance dealer groups that provide compliance and other administrative services to financial planners operating under the dealer group's licence. Furthermore, Insignia offers platform products, which generates fees mainly from superannuation and non-superannuation investments accessed via its own platforms. It also derives revenue via some third-party platforms sourced from its aligned advisors. Lastly, the firm has an investment management segment.