Iridium Communications (Iridium Communications) Cash-to-Debt : 0.11 (As of Mar. 2024)

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What is Iridium Communications 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. Iridium Communications's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.11.

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, Iridium Communications couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

IRDMB.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.16 Max: 0.48
Current: 0.11

During the past 13 years, Iridium Communications's highest Cash to Debt Ratio was 0.48. The lowest was 0.04. And the median was 0.16.

IRDMB.PFD's Cash-to-Debt is ranked worse than
73.64% of 387 companies
in the Telecommunication Services industry
Industry Median: 0.36 vs IRDMB.PFD: 0.11

Iridium Communications Cash-to-Debt Historical Data

The historical data trend for Iridium Communications'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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Iridium Communications Cash-to-Debt Chart

Iridium Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.13

0.15

0.20

0.11

0.05

Iridium Communications Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.09	0.07	0.05	0.05	0.11

Competitive Comparison of Iridium Communications's Cash-to-Debt

For the Telecom Services subindustry, Iridium Communications'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.

Iridium Communications's Cash-to-Debt Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Iridium Communications's Cash-to-Debt distribution charts can be found below:

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

Iridium Communications 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.

Iridium Communications'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)
	=	71.87	/	(15	+	1467.49)
	=	0.05

Iridium Communications's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	174.025	/	(16.25	+	1587.507)
	=	0.11

Iridium Communications (NAS:IRDMB.PFD) 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.

Iridium Communications Cash-to-Debt Related Terms

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Iridium Communications (Iridium Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Iridium Communications Inc (NAS:IRDMB.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IRDM:USA 6IC:Germany

Address

1750 Tysons Boulevard, Suite 1400, McLean, VA, USA, 22102

Website

https://www.iridium.com

Iridium Communications Inc offers voice and data communications services and products to businesses, U.S. and international government agencies, and other customers on a global basis. The company is a provider of mobile voice and data communications services through a constellation of low earth-orbiting satellites. Reaching across land, sea, and air, including the polar regions, Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies around the world.