IGG (IGGGF) Cash-to-Debt : 23.55 (As of Dec. 2023)

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What is IGG 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. IGG's cash to debt ratio for the quarter that ended in Dec. 2023 was 23.55.

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, IGG could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

IGGGF' s Cash-to-Debt Range Over the Past 10 Years
Min: 12.27 Med: 5013.49 Max: No Debt
Current: 23.55

During the past 12 years, IGG's highest Cash to Debt Ratio was No Debt. The lowest was 12.27. And the median was 5013.49.

IGGGF's Cash-to-Debt is ranked better than
68.2% of 588 companies
in the Interactive Media industry
Industry Median: 4.61 vs IGGGF: 23.55

IGG Cash-to-Debt Historical Data

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

IGG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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26.97

24.42

12.27

25.19

23.55

IGG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															12.27	16.22	25.19	19.40	23.55

Competitive Comparison of IGG's Cash-to-Debt

For the Electronic Gaming & Multimedia subindustry, IGG'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.

IGG's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, IGG's Cash-to-Debt distribution charts can be found below:

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

IGG 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.

IGG'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)
	=	190.628	/	(4.515	+	3.58)
	=	23.55

IGG's Cash to Debt Ratio for the quarter 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)
	=	190.628	/	(4.515	+	3.58)
	=	23.55

IGG (OTCPK:IGGGF) 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.

IGG Cash-to-Debt Related Terms

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IGG (IGGGF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » IGG Inc (OTCPK:IGGGF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

00799:Hong Kong I91:Germany

Address

80 Pasir Panjang Road, No. 18-84 Mapletree Business City, Singapore, SGP, 117372

Website

https://www.igg.com

IGG Inc develops, markets, and publishes mobile online games. Aside from Singapore, the company operates in the United States, Mainland China, Hong Kong, Canada, Japan, Korea, Thailand, and the Philippines. North America, Europe, and Asia contribute relatively equal shares of the company's total revenue. The company offers free-to-play mobile, browser, and client-based online games. IGG operates through its mobile games segment, which comprises most of the company's overall revenue. Some of its notable games include Castle Clash, Clash of Lords, Deck Heroes, and Texas Hold 'Em Poker Deluxe.

IGG (IGGGF) Headlines

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