Propel Holdings (TSX:PRL) Cash-to-Debt : 0.07 (As of Dec. 2023)

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What is Propel Holdings 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. Propel Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.07.

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, Propel Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSX:PRL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.12 Max: 0.34
Current: 0.07

During the past 6 years, Propel Holdings's highest Cash to Debt Ratio was 0.34. The lowest was 0.05. And the median was 0.12.

TSX:PRL's Cash-to-Debt is ranked worse than
69.52% of 502 companies
in the Credit Services industry
Industry Median: 0.215 vs TSX:PRL: 0.07

Propel Holdings Cash-to-Debt Historical Data

The historical data trend for Propel Holdings'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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Propel Holdings Cash-to-Debt Chart

Propel Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.19

0.10

0.15

0.05

0.07

Propel Holdings Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial												0.05	0.10	0.05	0.05	0.07

Competitive Comparison of Propel Holdings's Cash-to-Debt

For the Credit Services subindustry, Propel Holdings'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.

Propel Holdings's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Propel Holdings's Cash-to-Debt distribution charts can be found below:

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

Propel Holdings Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Propel Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	18.448	/	(267.202	+	3.153)
	=	0.07

Propel Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	18.448	/	(267.202	+	3.153)
	=	0.07

Propel Holdings (TSX:PRL) 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.

Propel Holdings Cash-to-Debt Related Terms

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

Propel Holdings (TSX:PRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Propel Holdings Inc (TSX:PRL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PRLPF:USA 8KO:Germany

Address

69 Yonge Street, Suite 1500, Toronto, ON, CAN, M5E 1K3

Website

https://www.propelholdings.com

Propel Holdings Inc is an innovative financial technology (fintech) company, committed to credit inclusion by facilitating fair, fast, and transparent access to credit through its proprietary, industry-leading online lending platform. Propel, through its operating brands, is dedicated to bringing appropriate credit solutions to consumers in Canada and the United States. All the firm's operations are conducted through its consumer-facing brands: MoneyKey, CreditFresh, and Fora.

Propel Holdings (TSX:PRL) Headlines

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