iFIT Health & Fitness (iFIT Health & Fitness) Cash-to-Debt : 0.79 (As of May. 2020)

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What is iFIT Health & Fitness 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. iFIT Health & Fitness's cash to debt ratio for the quarter that ended in May. 2020 was 0.79.

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, iFIT Health & Fitness couldn't pay off its debt using the cash in hand for the quarter that ended in May. 2020.

The historical rank and industry rank for iFIT Health & Fitness's Cash-to-Debt or its related term are showing as below:

IFIT's Cash-to-Debt is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 0.595
* Ranked among companies with meaningful Cash-to-Debt only.

iFIT Health & Fitness Cash-to-Debt Historical Data

The historical data trend for iFIT Health & Fitness'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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iFIT Health & Fitness Cash-to-Debt Chart

iFIT Health & Fitness Annual Data

Trend

May19

May20

May21

Cash-to-Debt

N/A

0.79

1.07

iFIT Health & Fitness Quarterly Data
	May19	May20	May21
Cash-to-Debt	N/A	0.79	1.07

Competitive Comparison of iFIT Health & Fitness's Cash-to-Debt

For the Leisure subindustry, iFIT Health & Fitness'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.

iFIT Health & Fitness's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, iFIT Health & Fitness's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where iFIT Health & Fitness's Cash-to-Debt falls into.

iFIT Health & Fitness 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.

iFIT Health & Fitness's Cash to Debt Ratio for the fiscal year that ended in May. 2021 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)
	=	167.646	/	(0	+	157.133)
	=	1.07

iFIT Health & Fitness's Cash to Debt Ratio for the quarter that ended in May. 2020 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)
	=	110.244	/	(0	+	139.842)
	=	0.79

iFIT Health & Fitness (NAS:IFIT) 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.

iFIT Health & Fitness Cash-to-Debt Related Terms

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iFIT Health & Fitness (iFIT Health & Fitness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » iFIT Health & Fitness Inc (NAS:IFIT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1500 South 1000 West, Logan, UT, USA, 84321

Website

https://www.ifit.com

iFIT Health & Fitness Inc is a health and fitness subscription technology company. It is an integrated health and fitness platform, designed to connect proprietary software, experiential content, and interactive hardware to deliver an unmatched connected fitness experience. It has two segments. The Interactive Fitness Products segment, which is the key revenue driver, derives revenue from the sale of the treadmills, bikes, ellipticals, rowers, climbers, strength equipment, fitness mirrors, yoga equipment, and accessories. The Subscription segment derives revenue from iFIT subscriptions and the sale of extended warranties on the fitness equipment.