Interactive Brokers Group (Interactive Brokers Group) Cash-to-Debt : 0.33 (As of Dec. 2023)

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What is Interactive Brokers 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. Interactive Brokers Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.33.

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

IBKR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 0.41 Max: 1.5
Current: 0.33

During the past 13 years, Interactive Brokers Group's highest Cash to Debt Ratio was 1.50. The lowest was 0.20. And the median was 0.41.

IBKR's Cash-to-Debt is ranked worse than
78.71% of 789 companies
in the Capital Markets industry
Industry Median: 1.76 vs IBKR: 0.33

Interactive Brokers Group Cash-to-Debt Historical Data

The historical data trend for Interactive Brokers 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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Interactive Brokers Group Cash-to-Debt Chart

Interactive Brokers Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.50

0.43

0.20

0.38

0.33

Interactive Brokers 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															0.38	0.30	0.36	0.36	0.33

Competitive Comparison of Interactive Brokers Group's Cash-to-Debt

For the Capital Markets subindustry, Interactive Brokers 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.

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

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

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

Interactive Brokers 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.

Interactive Brokers 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)
	=	3753	/	(17	+	11347)
	=	0.33

Interactive Brokers 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)
	=	3753	/	(17	+	11347)
	=	0.33

Interactive Brokers Group (NAS:IBKR) 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.

Interactive Brokers Group Cash-to-Debt Related Terms

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

Interactive Brokers Group (Interactive Brokers Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Interactive Brokers Group Inc (NAS:IBKR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IBKR:Mexico KY6:Germany KY6:Germany

Address

One Pickwick Plaza, Greenwich, CT, USA, 06830

Website

https://www.interactivebrokers.com

Interactive Brokers is an online brokerage that generates trading commissions (around 43% of net revenue) from facilitating trading in a wide range of products, including equity, options, futures, foreign exchange, bonds, mutual funds, and ETFs. Interactive Brokers also generates net interest income (about 54% of net revenue) from idle client cash and earns fees (about 6% of net revenue) from ancillary services. Principal trading and other miscellaneous activities are small (about negative 3% of net revenue). The firm derives about 70% of its net revenue from the U.S. and 30% from international markets.

Executives

Thomas Aj Frank	officer: Exec V.P & Chief Info Officer	ONE PICKWICK PLAZA, GREENWICH CT 06830
Paul Jonathan Brody	director, CFO, Treasurer & Secretary	ONE PICKWICK PLAZA, GREENWICH CT 06830
Philip Uhde	director, other: See Remarks	63 CROSBY STREET, 4TH FLOOR, NEW YORK NY 10012
Thomas Peterffy	director, officer: Chairman, CEO & President	ONE PICKWICK PLAZA, GREENWICH CT 06830
Jill Bright	director	1334 YORK AVENUE, NEW YORK NY 10021
Denis Mendonca	officer: Chief Accounting Officer	ONE PICKWICK PLAZA, GREENWICH CT 06830
Earl H Nemser	director, Vice Chairman	ONE PICKWICK PLAZA, GREENWICH CT 06830
Nicole Yuen	director	ONE PICKWICK PLAZA, GREENWICH CT 06830
William Peterffy	director	ONE PICKWICK PLAZA, GREENWICH CT 06830
Echinus Advisors, Llc	director, other: See Remarks	63 CROSBY STREET, 4TH FLOOR, NEW YORK NY 10012
John M. Damgard	director	ONE PICKWICK PLAZA, GREENWICH CT 06830
Milan Galik	director, officer: Sr. V.P. Software Development	ONE PICKWICK PLAZA, GREENWICH CT 06830
Kenneth James Winston	director	870 S SAN RAFAEL AVE, PASADENA CA 91105
Gary Katz	director	ONE PICKWICK PLAZA, GREENWICH CT 06830
Wayne Hilbert Wagner	director	4337 CITY DRIVE, PENTHOUSE 43, MARINA DEL REY CA 90292