Interfor (TSX:IFP) Cash-to-Debt : 0.04 (As of Sep. 2024)

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What is Interfor 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. Interfor's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.04.

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, Interfor couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

TSX:IFP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.16 Max: 2.16
Current: 0.04

During the past 13 years, Interfor's highest Cash to Debt Ratio was 2.16. The lowest was 0.03. And the median was 0.16.

TSX:IFP's Cash-to-Debt is ranked worse than
88.38% of 284 companies
in the Forest Products industry
Industry Median: 0.295 vs TSX:IFP: 0.04

Interfor Cash-to-Debt Historical Data

The historical data trend for Interfor'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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Interfor Cash-to-Debt Chart

Interfor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.12

1.08

1.30

0.09

0.06

Interfor Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.11	0.06	0.08	0.09	0.04

Competitive Comparison of Interfor's Cash-to-Debt

For the Lumber & Wood Production subindustry, Interfor'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.

Interfor's Cash-to-Debt Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Interfor's Cash-to-Debt distribution charts can be found below:

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

Interfor 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.

Interfor'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)
	=	55	/	(61.3	+	876.7)
	=	0.06

Interfor'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)
	=	32.1	/	(65.5	+	856.6)
	=	0.03

Interfor (TSX:IFP) 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.

Interfor Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Interfor's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Interfor Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Interfor Corp (TSX:IFP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IFSPF:USA 8IF1:Germany 8IF1:Germany

Address

1600-4720 Kingsway, Metrotower II, Burnaby, BC, CAN, V5H 4N2

Website

https://www.interfor.com

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests. The company's primary customers are in the construction and renovation industries. The majority of revenue is generated from the sale of lumber. The majority of Interfor's revenue comes from the United States.

Executives

Timothy Hartnett	Senior Officer
Ronda Nicolle Butcher	Director
Richard Pozzebon	Senior Officer
Ian Fillinger	Director, Senior Officer
Thomas Voysey Milroy	Director
Andrew Horahan	Senior Officer
Simon Bruce Luxmoore	Senior Officer
Eric Larouche	Senior Officer
E. Lawrence Sauder	Director, Senior Officer
Xenia Kritsos	Senior Officer
Douglas William Geoffrey Whitehead	Director
Barton Bender	Senior Officer
Martin Leb Juravsky	Senior Officer
Mark Stock	Senior Officer

Interfor Headlines

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