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CURO Group Holdings (FRA:CGE) Cash-to-Debt : 0.04 (As of Sep. 2023)


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What is CURO 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. CURO Group Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.04.

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, CURO Group Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

FRA:CGE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02   Med: 0.14   Max: 0.31
Current: 0.04

During the past 9 years, CURO Group Holdings's highest Cash to Debt Ratio was 0.31. The lowest was 0.02. And the median was 0.14.

FRA:CGE's Cash-to-Debt is ranked worse than
80.94% of 509 companies
in the Credit Services industry
Industry Median: 0.23 vs FRA:CGE: 0.04

CURO Group Holdings Cash-to-Debt Historical Data

The historical data trend for CURO 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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CURO Group Holdings Cash-to-Debt Chart

CURO Group Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only 0.08 0.23 0.03 0.03 0.04

CURO Group Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.02 0.04 0.04 0.04

Competitive Comparison of CURO Group Holdings's Cash-to-Debt

For the Credit Services subindustry, CURO 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.


CURO Group Holdings's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, CURO Group Holdings's Cash-to-Debt distribution charts can be found below:

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



CURO Group Holdings 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.

CURO Group Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

CURO Group Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

* 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.


CURO Group Holdings  (FRA:CGE) 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.


CURO Group Holdings Cash-to-Debt Related Terms

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CURO Group Holdings (FRA:CGE) Business Description

Traded in Other Exchanges
Address
200 W Hubbard Street, 8th Floor, Chicago, IL, USA, 60654
CURO Group Holdings Corp is a consumer finance company serving a full spectrum of non-prime, near-prime and prime consumers in portions of the U.S. and Canada. It offers a broad range of consumer finance products including unsecured installment loans, secured installment loans, open-end loans, and single-pay loans. The company also provides ancillary financial products including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance in the Canadian market, gold buying, retail installment sales, and money transfer services. The firm operates under three segments: US, Canada Direct Lending, and Canada POS Lending.

CURO Group Holdings (FRA:CGE) Headlines

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