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Icon PLC (NAS:ICLR)
Cash-to-Debt
0.75 (As of Dec. 2016)

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. Icon PLC's cash to debt ratio for the quarter that ended in Dec. 2016 was 0.75.

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, Icon PLC couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2016.

ICLR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.55   Max: No Debt
Current: 0.75

During the past 13 years, Icon PLC's highest Cash to Debt Ratio was No Debt. The lowest was 0.55. And the median was 19.92.

ICLR's Cash-to-Debt is ranked lower than
71% of the 219 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 3.04 vs. ICLR: 0.75 )

Definition

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Current Portion of Long-Term Debt and Long-Term Debt. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Icon PLC's Cash to Debt Ratio for the fiscal year that ended in Dec. 2016 is calculated as:

 Cash to Debt Ratio = Cash, Cash Equivalents, Marketable Securities / Total Debt = Cash, Cash Equivalents, Marketable Securities / (Short-Term Debt + Long-Term Debt) = 260.587 / (0 + 348.511) = 0.75

Icon PLC's Cash to Debt Ratio for the quarter that ended in Dec. 2016 is calculated as:

 Cash to Debt Ratio = Cash, Cash Equivalents, Marketable Securities / Total Debt = Cash, Cash Equivalents, Marketable Securities / (Short-Term Debt + Long-Term Debt) = 260.587 / (0 + 348.511) = 0.75

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Icon PLC Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 cash2debt 1.25 0.96 No Debt No Debt No Debt No Debt No Debt No Debt 0.55 0.75

Icon PLC Quarterly Data

 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 cash2debt No Debt No Debt 9.58 3.20 0.91 0.55 0.71 0.72 0.76 0.75
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