Thomson Reuters (Thomson Reuters) Cash-to-Debt

: 0.36 (As of Dec. 2023)

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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. Thomson Reuters's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.36.

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, Thomson Reuters 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 Thomson Reuters's Cash-to-Debt or its related term are showing as below:

TRI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.29 Max: 0.86
Current: 0.36

During the past 13 years, Thomson Reuters's highest Cash to Debt Ratio was 0.86. The lowest was 0.12. And the median was 0.29.

TRI's Cash-to-Debt is ranked worse than
66.7% of 1069 companies
in the Business Services industry
Industry Median: 0.99 vs TRI: 0.36

Thomson Reuters Cash-to-Debt Historical Data

The historical data trend for Thomson Reuters'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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Thomson Reuters Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.41

0.62

0.22

0.24

0.36

Thomson Reuters 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																0.24	0.40	0.51	0.58	0.36

Competitive Comparison

For the Specialty Business Services subindustry, Thomson Reuters'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.

Thomson Reuters Cash-to-Debt Distribution

For the Business Services industry and Industrials sector, Thomson Reuters's Cash-to-Debt distribution charts can be found below:

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

Thomson Reuters 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.

Thomson Reuters'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)
	=	1264	/	(428	+	3114)
	=	0.36

Thomson Reuters'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)
	=	1264	/	(428	+	3114)
	=	0.36

Thomson Reuters (NYSE:TRI) 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.

Thomson Reuters Cash-to-Debt Related Terms

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Thomson Reuters (Thomson Reuters) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Thomson Reuters Corp (NYSE:TRI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TOC:Germany TRI.PR.B.PFD:Canada TRI:Canada

Address

333 Bay Street, Suite 300, Toronto, ON, CAN, M5H 2R2

Website

https://www.thomsonreuters.com

Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008. In 2021, Thomson Reuters completed the sale of Refinitiv to LSE Group. Thomson Reuters' three largest segments are its legal professionals, Tax and accounting, and corporates segments. Legal professionals is about 42% of the firm's revenue and 47% of the firm's adjusted EBITDA. Tax and accounting makes up about 20%-25% of the firm's revenue and EBITDA. Corporates, which consists of legal professionals and tax and accounting products sold to corporations, also makes up about 20%-25% of the firm's revenue and EBITDA. Thomson Reuters' smaller segments include its Reuters news business and global print business.