Corporacion Interamericana de EntretenimientoB de CV (MEX:CIEB) Cash-to-Debt : 1.07 (As of Mar. 2024)

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What is Corporacion Interamericana de EntretenimientoB de CV 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. Corporacion Interamericana de EntretenimientoB de CV's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.07.

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, Corporacion Interamericana de EntretenimientoB de CV could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Corporacion Interamericana de EntretenimientoB de CV's Cash-to-Debt or its related term are showing as below:

MEX:CIEB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.43 Med: 1.05 Max: No Debt
Current: 1.07

During the past 13 years, Corporacion Interamericana de EntretenimientoB de CV's highest Cash to Debt Ratio was No Debt. The lowest was 0.43. And the median was 1.05.

MEX:CIEB's Cash-to-Debt is ranked worse than
53.33% of 1035 companies
in the Media - Diversified industry
Industry Median: 1.28 vs MEX:CIEB: 1.07

Corporacion Interamericana de EntretenimientoB de CV Cash-to-Debt Historical Data

The historical data trend for Corporacion Interamericana de EntretenimientoB de CV'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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Corporacion Interamericana de EntretenimientoB de CV Cash-to-Debt Chart

Corporacion Interamericana de EntretenimientoB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.66

0.65

4.65

16.48

1.09

Corporacion Interamericana de EntretenimientoB de CV Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.79	1.06	1.04	1.09	1.07

Competitive Comparison of Corporacion Interamericana de EntretenimientoB de CV's Cash-to-Debt

For the Entertainment subindustry, Corporacion Interamericana de EntretenimientoB de CV'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.

Corporacion Interamericana de EntretenimientoB de CV's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Corporacion Interamericana de EntretenimientoB de CV's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Corporacion Interamericana de EntretenimientoB de CV's Cash-to-Debt falls into.

Corporacion Interamericana de EntretenimientoB de CV 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.

Corporacion Interamericana de EntretenimientoB de CV'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)
	=	1809.068	/	(1543.191	+	121.844)
	=	1.09

Corporacion Interamericana de EntretenimientoB de CV's Cash to Debt Ratio for the quarter 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)
	=	1798.193	/	(1539.524	+	135.443)
	=	1.07

Corporacion Interamericana de EntretenimientoB de CV (MEX:CIEB) 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.

Corporacion Interamericana de EntretenimientoB de CV Cash-to-Debt Related Terms

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Corporacion Interamericana de EntretenimientoB de CV (MEX:CIEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Corporacion Interamericana de Entretenimiento SAB de CV (MEX:CIEB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av. Industria Militar S/N, Residencial Militar, Mexico DF, MEX, 11600

Website

http://www.cie.com.mx

Corporacion Interamericana de Entretenimiento SAB de CV is a Mexico-based company engaged in the business of providing entertainment services in Latin America and worldwide. It offers a wide Range of entertainment options to a variety of audiences and budgets in large- and medium-sized cities. Its services include concerts, theatrical productions, sporting events, family events and cultural events, among others. In addition, it operates an amusement park in Colombia.

Corporacion Interamericana de EntretenimientoB de CV (MEX:CIEB) Headlines

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