Canaccord Genuity Group (Canaccord Genuity Group) Cash-to-Debt

: 1.36 (As of Dec. 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. Canaccord Genuity Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.36.

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, Canaccord Genuity Group 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 Canaccord Genuity Group's Cash-to-Debt or its related term are showing as below:

CCORF' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.34 Med: 2.25 Max: 9.96
Current: 1.36

During the past 13 years, Canaccord Genuity Group's highest Cash to Debt Ratio was 9.96. The lowest was 1.34. And the median was 2.25.

CCORF's Cash-to-Debt is ranked worse than
56.91% of 789 companies
in the Capital Markets industry
Industry Median: 1.76 vs CCORF: 1.36

Canaccord Genuity Group Cash-to-Debt Historical Data

The historical data trend for Canaccord Genuity Group'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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Canaccord Genuity Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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7.20

5.77

8.39

9.96

3.97

Canaccord Genuity Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.56	3.97	1.34	1.36	1.36

Competitive Comparison

For the Capital Markets subindustry, Canaccord Genuity Group'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.

Canaccord Genuity Group Cash-to-Debt Distribution

For the Capital Markets industry and Financial Services sector, Canaccord Genuity Group's Cash-to-Debt distribution charts can be found below:

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

Canaccord Genuity Group 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.

Canaccord Genuity Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	1259.6	/	(34.754	+	282.326)
	=	3.97

Canaccord Genuity Group'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)
	=	916.146	/	(352.75	+	323.475)
	=	1.35

Canaccord Genuity Group (OTCPK:CCORF) 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.

Canaccord Genuity Group Cash-to-Debt Related Terms

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Canaccord Genuity Group (Canaccord Genuity Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Canaccord Genuity Group Inc (OTCPK:CCORF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

C6U:Germany CF.PR.C.PFD:Canada CF.PR.A.PFD:Canada CF:Canada

Address

609 Granville Street, Suite 2200, Vancouver, BC, CAN, V7Y 1H2

Website

https://www.canaccordgenuity.com

Canaccord Genuity Group Inc is an independent, full-service financial services firm. The Company's segment reporting is based on the following operating segments: Canaccord Genuity Capital Markets, Canaccord Genuity Wealth Management, and Corporate and Other. The company is been driven by an unwavering commitment to building lasting client relationships. It achieves this by generating value for its individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services. The company has wealth management offices located in Canada, the UK, Guernsey, Jersey, the Isle of Man and Australia. Its international capital markets division operates in North America, UK and Europe, Asia, Australia and the Middle East.