IPDC Finance (DHA:IPDC) Cash-to-Debt

: 0.86 (As of Sep. 2023)

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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. IPDC Finance's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.86.

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

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

DHA:IPDC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.45 Med: 0.9 Max: 42.39
Current: 0.86

During the past 9 years, IPDC Finance's highest Cash to Debt Ratio was 42.39. The lowest was 0.45. And the median was 0.90.

DHA:IPDC's Cash-to-Debt is ranked better than
66.4% of 503 companies
in the Credit Services industry
Industry Median: 0.23 vs DHA:IPDC: 0.86

IPDC Finance Cash-to-Debt Historical Data

The historical data trend for IPDC Finance'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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IPDC Finance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

0.64

1.38

1.39

1.34

1.03

IPDC Finance Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt																0.63	1.03	0.69	0.93	0.86

Competitive Comparison

For the Credit Services subindustry, IPDC Finance'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.

IPDC Finance Cash-to-Debt Distribution

For the Credit Services industry and Financial Services sector, IPDC Finance's Cash-to-Debt distribution charts can be found below:

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

IPDC Finance 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.

IPDC Finance's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	12688.959	/	(0	+	12300.806)
	=	1.03

IPDC Finance'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)
	=	10995.877	/	(0	+	12814.452)
	=	0.86

IPDC Finance (DHA:IPDC) 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.

IPDC Finance Cash-to-Debt Related Terms

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

IPDC Finance (DHA:IPDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » IPDC Finance Ltd (DHA:IPDC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

106 Gulshan Avenue, Hosna Centre (4th Floor), Dhaka, BGD, 1212

Website

https://www.ipdcbd.com

IPDC Finance Ltd provides various financial products and services in Bangladesh. The company specializes in providing long-term and short-term finance, project finance, lease finance, supply chain finance, home loan, equity financing, syndication finance, retail finance, Small and Medium Enterprises (SME) finance, asset-backed securitization, retailer finance, factoring finance, IPDC Ez and related consultancies.

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