ICE (Intercontinental Exchange) Cash-to-Debt : 0.04 (As of Sep. 2024)

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What is Intercontinental Exchange 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. Intercontinental Exchange's cash to debt ratio for the quarter that ended in Sep. 2024 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, Intercontinental Exchange couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

ICE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 0.44
Current: 0.04

During the past 13 years, Intercontinental Exchange's highest Cash to Debt Ratio was 0.44. The lowest was 0.03. And the median was 0.07.

ICE's Cash-to-Debt is ranked worse than
94.26% of 784 companies
in the Capital Markets industry
Industry Median: 2.385 vs ICE: 0.04

Intercontinental Exchange Cash-to-Debt Historical Data

The historical data trend for Intercontinental Exchange'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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Intercontinental Exchange Cash-to-Debt Chart

Intercontinental Exchange Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.10

0.04

0.24

0.05

Intercontinental Exchange Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.04	0.05	0.04	0.04	0.04

Competitive Comparison of Intercontinental Exchange's Cash-to-Debt

For the Financial Data & Stock Exchanges subindustry, Intercontinental Exchange'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.

Intercontinental Exchange's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Intercontinental Exchange's Cash-to-Debt distribution charts can be found below:

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

Intercontinental Exchange 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.

Intercontinental Exchange'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)
	=	1129	/	(1954	+	20958)
	=	0.05

Intercontinental Exchange's Cash to Debt Ratio for the quarter that ended in Sep. 2024 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)
	=	755	/	(2619	+	18899)
	=	0.04

Intercontinental Exchange (NYSE:ICE) 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.

Intercontinental Exchange Cash-to-Debt Related Terms

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

Intercontinental Exchange Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Intercontinental Exchange Inc (NYSE:ICE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ICE:Mexico 0JC3:UK IC2:Germany IC2:Germany ICEI:Austria

Address

5660 New Northside Drive, Atlanta, GA, USA, 30328

Website

https://www.theice.com

Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 54% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (22% of net revenue) and fixed-income and data services segment (24% of net revenue).

Executives

Benjamin Jackson	officer: President	C/O INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Christopher Scott Edmonds	officer: Chief Development Officer	INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Jeffrey C Sprecher	director, officer: Chief Executive Officer	2100 RIVEREDGE PARKWAY, SUITE 500, ATLANTA GA 30308
Andrew J Surdykowski	officer: General Counsel	5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Stuart Glen Williams	officer: Chief Operating Officer	INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR., ATLANTA GA 30328
Judith A Sprieser	director	USG CORPORATION, 125 SOUTH FRANKLIN STREET, CHICAGO IL 60606
Warren Gardiner	officer: Chief Financial Officer	INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Martha A Tirinnanzi	director	INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
James W Namkung	officer: Chief Accounting Officer	C/O INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DRIVE, NW, ATLANTA GA 30318
Mayur Kapani	officer: Chief Technology Officer	INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Douglas Foley	officer: SVP, HR & Administration	INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Sharon Bowen	director	5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
William Jefferson Hague	director	C/O ICE, 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Lynn C Martin	officer: President & COO, ICE Data Serv	5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30318
Mark Wassersug	officer: Chief Operating Officer	5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328