FDM Group (Holdings) (CHIX:FDML) Cash-to-Debt : 2.34 (As of Dec. 2023)

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What is FDM Group (Holdings) 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. FDM Group (Holdings)'s cash to debt ratio for the quarter that ended in Dec. 2023 was 2.34.

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, FDM Group (Holdings) could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for FDM Group (Holdings)'s Cash-to-Debt or its related term are showing as below:

CHIX:FDMl' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.6 Med: 3.51 Max: No Debt
Current: 2.34

During the past 13 years, FDM Group (Holdings)'s highest Cash to Debt Ratio was No Debt. The lowest was 1.60. And the median was 3.51.

CHIX:FDMl's Cash-to-Debt is ranked worse than
50.64% of 2800 companies
in the Software industry
Industry Median: 2.44 vs CHIX:FDMl: 2.34

FDM Group (Holdings) Cash-to-Debt Historical Data

The historical data trend for FDM Group (Holdings)'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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FDM Group (Holdings) Cash-to-Debt Chart

FDM Group (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.60

3.32

3.49

3.53

2.34

FDM Group (Holdings) 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															3.49	2.98	3.53	3.84	2.34

Competitive Comparison of FDM Group (Holdings)'s Cash-to-Debt

For the Information Technology Services subindustry, FDM Group (Holdings)'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.

FDM Group (Holdings)'s Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, FDM Group (Holdings)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where FDM Group (Holdings)'s Cash-to-Debt falls into.

FDM Group (Holdings) 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.

FDM Group (Holdings)'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)
	=	47.226	/	(4.512	+	15.669)
	=	2.34

FDM Group (Holdings)'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)
	=	47.226	/	(4.512	+	15.669)
	=	2.34

FDM Group (Holdings) (CHIX:FDMl) 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.

FDM Group (Holdings) Cash-to-Debt Related Terms

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

FDM Group (Holdings) (CHIX:FDML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » FDM Group (Holdings) PLC (CHIX:FDMl) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FDM.GB:UK FDM:UK 17F:Germany

Address

Cottons Lane, 3rd Floor, Cottons Centre, London, GBR, SE1 2QG

Website

https://www.fdmgroup.com

FDM Group (Holdings) PLC is a holdings company that provides a variety of information technology, or IT, services through its subsidiaries. The company's primary services consist of IT and business consulting with a focus on application development and testing, support, project management, data services, business analysis, business intelligence, and cybersecurity. The company organizes itself into four segments based on geography: United Kingdom, North America, Europe, the Middle East and Africa, and Asia-Pacific. The United Kingdom segment generates the majority of revenue.