Cineplex (TSX:CGX) Cash-to-Debt

: 0.02 (As of Jun. 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. Cineplex's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.02.

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, Cineplex couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

TSX:CGX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.13
Current: 0.02

During the past 13 years, Cineplex's highest Cash to Debt Ratio was 0.13. The lowest was 0.00. And the median was 0.03.

TSX:CGX's Cash-to-Debt is ranked worse than
95.31% of 1003 companies
in the Media - Diversified industry
Industry Median: 1.14 vs TSX:CGX: 0.02

Cineplex Cash-to-Debt Historical Data

The historical data trend for Cineplex'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.

* Premium members only.

Cineplex Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

0.04

0.01

0.02

Cineplex Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt																0.01	0.02	0.02	0.01	0.02

Competitive Comparison

For the Entertainment subindustry, Cineplex'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.

Annual Data Quarterly Data

Cineplex Cash-to-Debt Distribution

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

* The bar in red indicates where Cineplex's Cash-to-Debt falls in comparison to its industry or sector. The grey bar indicates the Cash-to-Debt's extreme value range as defined by GuruFocus.

Cineplex 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.

Cineplex's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	34.674	/	(96.093	+	1829.434)
	=	0.02

Cineplex's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	39.995	/	(99.663	+	1808.097)
	=	0.02

Cineplex (TSX:CGX) 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.

Cineplex Cash-to-Debt Related Terms

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

Cineplex (TSX:CGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Cineplex Inc (TSX:CGX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CPXGF:USA

Address

1303 Yonge Street, 2nd Floor, Toronto, ON, CAN, M4T 2Y9

Website

https://corp.cineplex.com

Cineplex Inc is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment include revenue from theater attendance. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium. The film entertainment and content segment generates the majority of its revenue from audiences located in Canada.

Cineplex (TSX:CGX) Headlines

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