CIXXF (CI Financial) Debt-to-Revenue : 1.19 (As of Jun. 2024)

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What is CI Financial Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

CI Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $405 Mil. CI Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $2,504 Mil. CI Financial's annualized Revenue for the quarter that ended in Jun. 2024 was $2,451 Mil. CI Financial's annualized Debt-to-Revenue for the quarter that ended in Jun. 2024 was 1.19.

CI Financial Debt-to-Revenue Historical Data

The historical data trend for CI Financial's Debt-to-Revenue 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.

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CI Financial Debt-to-Revenue Chart

CI Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

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0.79

1.23

1.45

1.50

1.24

CI Financial Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Revenue	Get a 7-Day Free Trial															1.08	1.09	1.24	1.22	1.19

Competitive Comparison of CI Financial's Debt-to-Revenue

For the Asset Management subindustry, CI Financial's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.

CI Financial's Debt-to-Revenue Distribution in the Asset Management Industry

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

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

CI Financial Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

CI Financial's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(339.021	+	2500.896)	/	2298.591
	=	1.24

CI Financial's annualized Debt-to-Revenue for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(405.499	+	2504.301)	/	2451.06
	=	1.19

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Jun. 2024) Revenue data.

CI Financial Debt-to-Revenue Related Terms

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CI Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CI Financial Corp (OTCPK:CIXXF) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

CF7:Germany CIX:Canada

Address

15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3

Website

https://www.cifinancial.com

CI Financial is a provider of asset and wealth management products and services. The company has a decent share in the Canadian fund market (fifth overall behind Royal Bank of Canada, Toronto-Dominion, IGM Financial, and Fidelity at the end of last year), and remains the second-largest nonbank-affiliated asset manager in the Canadian market, with CAD 129.5 billion in assets under management (including CAD 34.0 billion in AUM managed for its CI Assante Wealth Management, CI Private Counsel, and Aligned Capital Partners subsidiaries) at the end of May 2024. It also had CAD 342.2 billion in assets under advisement (including CAD 230.1 billion from its US wealth management operations and CAD 94.1 billion from its Canadian wealth management partners), and CAD 28.6 billion in custody assets.