Finexia Financial Group (ASX:FNX) Cash-to-Debt : 0.53 (As of Dec. 2023)

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What is Finexia Financial Group 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. Finexia Financial Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.53.

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

ASX:FNX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 3.55 Max: No Debt
Current: 0.53

During the past 13 years, Finexia Financial Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.26. And the median was 3.55.

ASX:FNX's Cash-to-Debt is ranked worse than
71.84% of 792 companies
in the Capital Markets industry
Industry Median: 1.87 vs ASX:FNX: 0.53

Finexia Financial Group Cash-to-Debt Historical Data

The historical data trend for Finexia Financial 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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Finexia Financial Group Cash-to-Debt Chart

Finexia Financial Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

2.41

2.57

0.26

0.33

0.79

Finexia Financial Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.06	0.33	0.57	0.79	0.53

Competitive Comparison of Finexia Financial Group's Cash-to-Debt

For the Capital Markets subindustry, Finexia Financial 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.

Finexia Financial Group's Cash-to-Debt Distribution in the Capital Markets Industry

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

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

Finexia Financial 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.

Finexia Financial Group's Cash to Debt Ratio for the fiscal year 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)
	=	46.155	/	(20.692	+	37.45)
	=	0.79

Finexia Financial 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)
	=	41.001	/	(0.026	+	76.846)
	=	0.53

Finexia Financial Group (ASX:FNX) 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.

Finexia Financial Group Cash-to-Debt Related Terms

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Finexia Financial Group (ASX:FNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Finexia Financial Group Ltd (ASX:FNX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

264 George Street, Level 18, Australia Square Tower Building, Sydney, NSW, AUS, 2000

Website

https://www.finexia.com.au

Finexia Financial Group Ltd is a diversified financial services firm with operations in Australia. It provides a wide range of financial services including corporate advisory funds management and wealth management to retail, wholesale, and corporate clients. The company's operating segments include Stockbroking and Corporate Advisory, Funds and Asset Management, and Private Credit.