Intercede Group (LSE:IGP) Cash-to-Debt : 23.69 (As of Sep. 2024)

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What is Intercede Group 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. Intercede Group's cash to debt ratio for the quarter that ended in Sep. 2024 was 23.69.

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, Intercede Group could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

LSE:IGP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.35 Med: 9.77 Max: No Debt
Current: 23.69

During the past 13 years, Intercede Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.35. And the median was 9.77.

LSE:IGP's Cash-to-Debt is ranked better than
76.51% of 2797 companies
in the Software industry
Industry Median: 2.33 vs LSE:IGP: 23.69

Intercede Group Cash-to-Debt Historical Data

The historical data trend for Intercede Group'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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Intercede Group Cash-to-Debt Chart

Intercede Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.75

7.22

10.30

17.92

21.43

Intercede Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															16.29	17.92	36.83	21.43	23.69

Competitive Comparison of Intercede Group's Cash-to-Debt

For the Software - Application subindustry, Intercede Group'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.

Intercede Group's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Intercede Group's Cash-to-Debt distribution charts can be found below:

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

Intercede Group 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.

Intercede Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	17.226	/	(0.173	+	0.631)
	=	21.43

Intercede Group'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)
	=	16.204	/	(0.187	+	0.497)
	=	23.69

Intercede Group (LSE:IGP) 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.

Intercede Group Cash-to-Debt Related Terms

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Intercede Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Intercede Group PLC (LSE:IGP) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

LYD:Germany

Address

St. Mary\'s Road, Lutterworth Hall, Lutterworth, Leicestershire, GBR, LE17 4PS

Website

https://www.intercede.com

Intercede Group PLC is an independent developer and supplier of identity and credential management software. Its product portfolio includes MyID, an identity, and credential management system, RapID is the password killer for killer apps, and MyTAM enables Android app developers and service providers to deploy trusted applications to the trusted execution environment simply and cost-effectively. The company serves a diverse range of markets including governments, enterprises, app developers, and service providers. It has operational footprints across the United Kingdom, the Rest of Europe, the Americas, and the Rest of the world. The majority of its revenue is derived from the Americas.

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