Cordiant Digital Infrastructure (LSE:CORD) Cash-to-Debt : 0.78 (As of Sep. 2023)

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What is Cordiant Digital Infrastructure 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. Cordiant Digital Infrastructure's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.78.

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, Cordiant Digital Infrastructure couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(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 Cordiant Digital Infrastructure's Cash-to-Debt or its related term are showing as below:

LSE:CORD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.78 Med: No Debt Max: No Debt
Current: 0.78

During the past 2 years, Cordiant Digital Infrastructure's highest Cash to Debt Ratio was No Debt. The lowest was 0.78. And the median was No Debt.

LSE:CORD's Cash-to-Debt is ranked worse than
62.16% of 1451 companies
in the Asset Management industry
Industry Median: 5.79 vs LSE:CORD: 0.78

Cordiant Digital Infrastructure Cash-to-Debt Historical Data

The historical data trend for Cordiant Digital Infrastructure'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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Cordiant Digital Infrastructure Cash-to-Debt Chart

Cordiant Digital Infrastructure Annual Data

Trend

Mar22

Mar23

Cash-to-Debt

No Debt

Cordiant Digital Infrastructure Semi-Annual Data
	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	No Debt	No Debt	No Debt	0.78

Competitive Comparison of Cordiant Digital Infrastructure's Cash-to-Debt

For the Asset Management subindustry, Cordiant Digital Infrastructure'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.

Cordiant Digital Infrastructure's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Cordiant Digital Infrastructure's Cash-to-Debt falls into.

Cordiant Digital Infrastructure 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.

Cordiant Digital Infrastructure's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cordiant Digital Infrastructure had no debt ⁽¹⁾.

Cordiant Digital Infrastructure's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	130.868	/	(0	+	168.936)
	=	0.77

Cordiant Digital Infrastructure (LSE:CORD) 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.

Cordiant Digital Infrastructure Cash-to-Debt Related Terms

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Cordiant Digital Infrastructure (LSE:CORD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Cordiant Digital Infrastructure Ltd (LSE:CORD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CORDl:UK

Address

East Wing, Trafalgar Court, Les Banques, Saint Peter Port, GGY, GY1 3PP

Website

https://www.cordiantdigitaltrust.com

Cordiant Digital Infrastructure Ltd is an investment company. Its principal activity is to invest in Digital Infrastructure Assets. The company seeks to generate attractive total returns for shareholders over the longer term, comprising capital growth and a progressive dividend, through investment in digital infrastructure assets.

Cordiant Digital Infrastructure (LSE:CORD) Headlines

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