Canlan Ice Sports (TSX:ICE) Cash-to-Debt : 0.42 (As of Dec. 2024)

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What is Canlan Ice Sports 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. Canlan Ice Sports's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.42.

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, Canlan Ice Sports couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

TSX:ICE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.3 Max: 0.42
Current: 0.42

During the past 13 years, Canlan Ice Sports's highest Cash to Debt Ratio was 0.42. The lowest was 0.11. And the median was 0.30.

TSX:ICE's Cash-to-Debt is ranked worse than
54.94% of 810 companies
in the Travel & Leisure industry
Industry Median: 0.57 vs TSX:ICE: 0.42

Canlan Ice Sports Cash-to-Debt Historical Data

The historical data trend for Canlan Ice Sports'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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Canlan Ice Sports Cash-to-Debt Chart

Canlan Ice Sports Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.11

0.23

0.36

0.38

0.42

Canlan Ice Sports Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.38	0.38	0.34	0.36	0.42

Competitive Comparison of Canlan Ice Sports's Cash-to-Debt

For the Leisure subindustry, Canlan Ice Sports'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.

Canlan Ice Sports's Cash-to-Debt Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Canlan Ice Sports's Cash-to-Debt falls into.

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Canlan Ice Sports 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.

Canlan Ice Sports's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	21.677	/	(2.822	+	48.473)
	=	0.42

Canlan Ice Sports's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	21.677	/	(2.822	+	48.473)
	=	0.42

Canlan Ice Sports (TSX:ICE) 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.

Canlan Ice Sports Cash-to-Debt Related Terms

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Canlan Ice Sports Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Canlan Ice Sports Corp (TSX:ICE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

6501 Sprott Street, Burnaby, BC, CAN, V6B 3B8

Website

https://www.canlansports.com

Canlan Ice Sports Corp is focused on the development, lease, acquisition, and operation of multi-purpose recreation and entertainment facilities in North America. The company has a single operating segment which is an Ice rink and recreational facilities which derives revenue from food and beverage, sports stores, sponsorship, Instructional sports programs, space rental, Management and consulting fees. Geographically it generates the majority of its revenue from Canada.

Executives

Michael F. Gellard	Senior Officer
Joey St. Aubin	Senior Officer
Susan L Guiry	Senior Officer
Ivan C. Wu	Senior Officer
Mark Faubert	Senior Officer
Vivian Chan	Senior Officer
Victor Dsouza	Director
Gregory Porcellato	Senior Officer