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Ionic DigitalIOND +1.75%13 Cash-to-Debt is 2,362.15 as of Jun. 2026, which is 74% above its 10-year median of 1,356.67. GuruFocus rates IOND with a GF Score™ of 13/100. The stock has 2 warning signs investors should review. Among 796 Capital Markets companies, Ionic Digital ranks better than 84.42% on this metric.
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. Ionic Digital's cash to debt ratio for the quarter that ended in Jun. 2026 was 2,362.15.
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, Ionic Digitalcould pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
(1) 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.
The historical rank and industry rank for Ionic Digital's Cash-to-Debt or its related term are showing as below:
IOND'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 1356.67 Max: No Debt
Current: 4234.91
During the past 3 years, Ionic Digital's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 1356.67.
IOND's Cash-to-Debt is ranked better than 84.42% of 796
companies
in the Capital Markets industry
Industry Median: 2.07
vs IOND: 4234.91
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.
Ionic Digital Cash-to-Debt Related Terms
Ionic Digital Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Ionic Digital'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.
Ionic Digital Cash-to-Debt Chart
Ionic Digital Annual Data
Trend
Dec23
Dec24
Dec25
Cash-to-Debt
No Debt
1,176.76
209.18
Ionic Digital Quarterly Data
Mar25
Jun25
Mar26
Jun26
Cash-to-Debt
N/A
N/A
164.70
2,362.15
IOND vs CLSK, ETOR, PURR: Cash-to-Debt Comparison
For the Capital Markets subindustry, Ionic Digital'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.
Ionic Digital Cash-to-Debt vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Ionic Digital's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Ionic Digital's Cash-to-Debt falls into.
Ionic Digital's Cash to Debt Ratio for the fiscal year that ended in Dec. 2025 is calculated as:
Ionic Digital had no debt (1).
Ionic Digital's Cash to Debt Ratio for the quarter that ended in Jun. 2026 is calculated as:
Ionic Digital had no debt (1).
* 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.
Ionic Digital (IOND) has a Cash-to-Debt of 2,362.15 as of Jun. 2026. This is 74% above median its historical median of 1,356.67. Over the past decade, Ionic Digital's Cash-to-Debt has ranged from 0.05 to 10,000.00. According to the industry distribution chart, Ionic Digital ranks #124 out of 796 companies in the Capital Markets industry, placing it in the top 15.6%.
Is Ionic Digital's Cash-to-Debt too high?
Ionic Digital's current Cash-to-Debt of 2,362.15 is 74% above median its 10-year median of 1,356.67. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 10,000.00. The Capital Markets industry median Cash-to-Debt is 2.07. Ionic Digital's value of 2,362.15 is 114013.5% above this industry median. Based on the distribution chart, Ionic Digital ranks #124 out of 796 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Ionic Digital has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Ionic Digital's Cash-to-Debt compare to CLSK and ETOR?
According to the Capital Markets industry distribution chart, Ionic Digital ranks #124 out of 796 companies for Cash-to-Debt. This places Ionic Digital in the top 16% of its industry — outperforming the majority of peers. The industry median Cash-to-Debt is 2.07. Ionic Digital's value of 2,362.15 is 114013.5% above this benchmark. Historically, Ionic Digital's own Cash-to-Debt has ranged from 0.05 to 10,000.00 over the past decade. While the company's 10-year median is 1,356.67 vs. the industry median of 2.07, Ionic Digital has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Capital Markets company?
The median Cash-to-Debt among Capital Markets companies is 2.07, based on 796 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ionic Digital's current Cash-to-Debt of 2,362.15 is 114013.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Capital Markets industry, the median Cash-to-Debt is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ionic Digital's current Cash-to-Debt is 2,362.15, which is 74% above median its own 10-year median of 1,356.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ionic Digital stock overvalued right now?
Ionic Digital (IOND) has a current Cash-to-Debt of 2,362.15. The current Cash-to-Debt is 2,362.15, which is 74% above median its 10-year median of 1,356.67 and 114013.5% above the Capital Markets industry median of 2.07. Ionic Digital's overall GF Score™ is 13/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Ionic Digital (IOND), the current Cash-to-Debt is 2,362.15 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
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