Ceylon Investment (COL:CINV.N0000) Cash-to-Debt : 43.71 (As of Dec. 2023)

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What is Ceylon Investment 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. Ceylon Investment's cash to debt ratio for the quarter that ended in Dec. 2023 was 43.71.

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

COL:CINV.N0000' s Cash-to-Debt Range Over the Past 10 Years
Min: 7.11 Med: 461.94 Max: No Debt
Current: 43.71

During the past 13 years, Ceylon Investment's highest Cash to Debt Ratio was No Debt. The lowest was 7.11. And the median was 461.94.

COL:CINV.N0000's Cash-to-Debt is ranked better than
58.51% of 1463 companies
in the Asset Management industry
Industry Median: 5.56 vs COL:CINV.N0000: 43.71

Ceylon Investment Cash-to-Debt Historical Data

The historical data trend for Ceylon Investment'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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Ceylon Investment Cash-to-Debt Chart

Ceylon Investment Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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967.82

8.44

No Debt

10.48

Ceylon Investment 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	Get a 7-Day Free Trial															11.44	10.48	7.11	No Debt	43.71

Competitive Comparison of Ceylon Investment's Cash-to-Debt

For the Asset Management subindustry, Ceylon Investment'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.

Ceylon Investment's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Ceylon Investment 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.

Ceylon Investment's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	2637.767	/	(251.629	+	0)
	=	10.48

Ceylon Investment'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)
	=	2902.365	/	(66.407	+	0)
	=	43.71

Ceylon Investment (COL:CINV.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.

Ceylon Investment Cash-to-Debt Related Terms

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

Ceylon Investment (COL:CINV.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ceylon Investment PLC (COL:CINV.N0000) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 61, Janadhipathi Mawatha, Colombo, LKA, 01

Website

https://www.carsoncumberbatch.com

Ceylon Investment PLC is an investment company which engages in the management of investment portfolios. It holds investments in the beverage, food and tobacco, hotels and travel, telecommunications, power and energy and healthcare sectors. The company is a subsidiary of Carson Cumberbatch PLC. The investment portfolio of the company is managed by Guardian Fund Management Limited.

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