IHS Markit (IHS Markit) Cash-to-Debt : 0.06 (As of Nov. 2021)

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What is IHS Markit 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. IHS Markit's cash to debt ratio for the quarter that ended in Nov. 2021 was 0.06.

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, IHS Markit couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2021.

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

INFO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.32 Max: No Debt
Current: 0.06

During the past 13 years, IHS Markit's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.32.

INFO's Cash-to-Debt is not ranked
in the Business Services industry.
Industry Median: 0.99 vs INFO: 0.06

IHS Markit Cash-to-Debt Historical Data

The historical data trend for IHS Markit'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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IHS Markit Cash-to-Debt Chart

IHS Markit Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Cash-to-Debt

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0.03

0.02

0.06

IHS Markit Quarterly Data
	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.03	0.04	0.07	0.06

Competitive Comparison of IHS Markit's Cash-to-Debt

For the Consulting Services subindustry, IHS Markit'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.

IHS Markit's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, IHS Markit's Cash-to-Debt distribution charts can be found below:

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

IHS Markit 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.

IHS Markit's Cash to Debt Ratio for the fiscal year that ended in Nov. 2021 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)
	=	293.1	/	(802.8	+	4154.6)
	=	0.06

IHS Markit's Cash to Debt Ratio for the quarter that ended in Nov. 2021 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)
	=	293.1	/	(802.8	+	4154.6)
	=	0.06

IHS Markit (NYSE:INFO) 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.

IHS Markit Cash-to-Debt Related Terms

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IHS Markit (IHS Markit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » IHS Markit Ltd (NYSE:INFO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

25 Ropemaker Street, 4th Floor, Ropemaker Place, London, GBR, EC2Y 9LY

Website

https://www.ihsmarkit.com

IHS Markit is a leading provider of data and analytics to corporate and sovereign clients across a wide variety of industries. Financial markets accounted for 42% of fiscal 2020 revenue, transportation 27%, resources (energy and chemicals) 20%, and CMS (consolidated markets) 11%. Approximately 60% of fiscal 2020 revenue came from the United States. IHS Markit has approximately 16,000 employees worldwide. About 74% of fiscal 2020 revenue was recurring and fixed, 14% recurring and variable, and 12% non-recurring. S&P Global has offered to acquire IHS Markit, with holders of the target firm set to receive 0.2838 shares of the combined entity (a little less than one third of the total), in a deal valued at $44 billion upon announcement.