WAM Leaders (ASX:WLE) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is WAM Leaders 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. WAM Leaders's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, WAM Leaders could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

ASX:WLE' s Cash-to-Debt Range Over the Past 10 Years
Min: 9.31 Med: No Debt Max: No Debt
Current: No Debt

During the past 6 years, WAM Leaders's highest Cash to Debt Ratio was No Debt. The lowest was 9.31. And the median was No Debt.

ASX:WLE's Cash-to-Debt is ranked better than
99.93% of 1466 companies
in the Asset Management industry
Industry Median: 5.89 vs ASX:WLE: No Debt

WAM Leaders Cash-to-Debt Historical Data

The historical data trend for WAM Leaders'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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WAM Leaders Cash-to-Debt Chart

WAM Leaders Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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9.31

No Debt

WAM Leaders Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of WAM Leaders's Cash-to-Debt

For the Asset Management subindustry, WAM Leaders'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.

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

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

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

WAM Leaders 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.

WAM Leaders's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

WAM Leaders had no debt ⁽¹⁾.

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

WAM Leaders had no debt ⁽¹⁾.

WAM Leaders (ASX:WLE) 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.

WAM Leaders Cash-to-Debt Related Terms

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

WAM Leaders (ASX:WLE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 26, Governor Phillip Tower, 1 Farrer Place, Sydney, NSW, AUS, 2000

Website

https://www.wilsonassetmanagement.com.au

WAM Leaders Ltd is an investment company. The company invests in ASX-listed companies. Its investment objectives are to deliver a stream of fully franked dividends, provide capital growth over the medium-to-long term, and preserve capital. The Company currently engages in investing activities, including cash, term deposits, and equity investments.

WAM Leaders (ASX:WLE) Headlines

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WAM Leaders (ASX:WLE) Cash-to-Debt : No Debt (1) (As of Dec. 2023)