Intertek Group (Intertek Group) Cash-to-Debt : 0.25 (As of Dec. 2023)

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What is Intertek 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. Intertek Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.25.

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

IKTSY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.21 Max: 0.25
Current: 0.25

During the past 13 years, Intertek Group's highest Cash to Debt Ratio was 0.25. The lowest was 0.15. And the median was 0.21.

IKTSY's Cash-to-Debt is ranked worse than
73.24% of 1065 companies
in the Business Services industry
Industry Median: 0.99 vs IKTSY: 0.25

Intertek Group Cash-to-Debt Historical Data

The historical data trend for Intertek 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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Intertek Group Cash-to-Debt Chart

Intertek Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.21

0.24

0.21

0.23

0.25

Intertek Group 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															0.21	0.18	0.23	0.18	0.25

Competitive Comparison of Intertek Group's Cash-to-Debt

For the Specialty Business Services subindustry, Intertek 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.

Intertek Group's Cash-to-Debt Distribution in the Business Services Industry

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

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

Intertek 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.

Intertek 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)
	=	378.861	/	(211.013	+	1329.494)
	=	0.25

Intertek 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)
	=	378.861	/	(211.013	+	1329.494)
	=	0.25

Intertek Group (OTCPK:IKTSY) 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.

Intertek Group Cash-to-Debt Related Terms

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Intertek Group (Intertek Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Intertek Group PLC (OTCPK:IKTSY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IKTSF:USA ITRKl:UK ITRK:UK IT1:Germany

Address

33 Cavendish Square, London, GBR, W1G 0PS

Website

https://www.intertek.com

FTSE 100 firm Intertek is one of the largest and oldest companies in the testing, inspection, and certification industry. The company's primary activities involve testing products and materials, inspecting sites/industrial equipment, and certifying products and systems to ensure global/company standards. Intertek is one of only four TIC companies that operate globally across numerous industries. The firm listed in 2002, following a divestment by Charterhouse. It employs almost 44,000 people worldwide.