Central Finance Co (COL:CFIN.N0000) Cash-to-Debt : 0.54 (As of Dec. 2024)

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What is Central Finance Co 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. Central Finance Co's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.54.

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, Central Finance Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

The historical rank and industry rank for Central Finance Co's Cash-to-Debt or its related term are showing as below:

COL:CFIN.N0000' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.2 Max: 16.28
Current: 0.54

During the past 13 years, Central Finance Co's highest Cash to Debt Ratio was 16.28. The lowest was 0.05. And the median was 0.20.

COL:CFIN.N0000's Cash-to-Debt is ranked better than
64.9% of 510 companies
in the Credit Services industry
Industry Median: 0.21 vs COL:CFIN.N0000: 0.54

Central Finance Co Cash-to-Debt Historical Data

The historical data trend for Central Finance Co'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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Central Finance Co Cash-to-Debt Chart

Central Finance Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.30

0.52

13.24

16.28

2.59

Central Finance Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.26	2.59	1.05	0.55	0.54

Competitive Comparison of Central Finance Co's Cash-to-Debt

For the Credit Services subindustry, Central Finance Co'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.

Central Finance Co's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Central Finance Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Central Finance Co's Cash-to-Debt falls into.

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Central Finance Co Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Central Finance Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2469.192	/	(0	+	954.629)
	=	2.59

Central Finance Co's Cash to Debt Ratio for the quarter that ended in Dec. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	820.798	/	(0	+	1517.183)
	=	0.54

Central Finance Co (COL:CFIN.N0000) 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.

Central Finance Co Cash-to-Debt Related Terms

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

Central Finance Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Central Finance Co PLC (COL:CFIN.N0000) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 84, Raja Veediya, Kandy, LKA

Website

https://www.cf.lk

Central Finance Co PLC is a Sri Lanka-based financial house. Along with its subsidiaries, the firm operates in six segments including leasing, hire purchase and advances; medical services; manufacturing; insurance broking; investments; and real estate. The company generates the majority of its revenue from leasing, hire purchases, and other advanced segments.

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