Platinum Asset Management (ASX:PTM) Cash-to-Debt : 15.90 (As of Dec. 2023)

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What is Platinum Asset Management 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. Platinum Asset Management's cash to debt ratio for the quarter that ended in Dec. 2023 was 15.90.

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, Platinum Asset Management 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 Platinum Asset Management's Cash-to-Debt or its related term are showing as below:

ASX:PTM' s Cash-to-Debt Range Over the Past 10 Years
Min: 15.9 Med: No Debt Max: No Debt
Current: 15.9

During the past 13 years, Platinum Asset Management's highest Cash to Debt Ratio was No Debt. The lowest was 15.90. And the median was No Debt.

ASX:PTM's Cash-to-Debt is ranked better than
55.18% of 1448 companies
in the Asset Management industry
Industry Median: 5.72 vs ASX:PTM: 15.90

Platinum Asset Management Cash-to-Debt Historical Data

The historical data trend for Platinum Asset Management'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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Platinum Asset Management Cash-to-Debt Chart

Platinum Asset Management Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

17.58

27.17

33.75

57.20

Platinum Asset Management 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															30.97	33.75	43.38	57.20	15.90

Competitive Comparison of Platinum Asset Management's Cash-to-Debt

For the Asset Management subindustry, Platinum Asset Management'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.

Platinum Asset Management's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Platinum Asset Management's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Platinum Asset Management's Cash-to-Debt falls into.

Platinum Asset Management 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.

Platinum Asset Management'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)
	=	186.059	/	(2.141	+	1.112)
	=	57.20

Platinum Asset Management'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)
	=	208.632	/	(1.568	+	11.55)
	=	15.90

Platinum Asset Management (ASX:PTM) 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.

Platinum Asset Management Cash-to-Debt Related Terms

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

Platinum Asset Management (ASX:PTM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Platinum Asset Management Ltd (ASX:PTM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PIJ:Germany

Address

Level 8, 7 Macquarie Place, Sydney, NSW, AUS, 2000

Website

https://www.platinum.com.au

Platinum Asset Management is an Australian-based niche fund manager with a specialty in international equities founded in 1994. It offers region and industry-specific funds in addition to global portfolios. There is flexibility in the investment strategies at Platinum, with funds having the option to engage in short-selling, taking positions in foreign exchange markets, and derivative-based activities to manage risk and aid performance.