Prestige Wealth (Prestige Wealth) Cash-to-Debt : 1.13 (As of Sep. 2023)

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What is Prestige Wealth 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. Prestige Wealth's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.13.

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, Prestige Wealth could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

PWM' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.13 Med: No Debt Max: No Debt
Current: 1.13

During the past 4 years, Prestige Wealth's highest Cash to Debt Ratio was No Debt. The lowest was 1.13. And the median was No Debt.

PWM's Cash-to-Debt is ranked worse than
59.71% of 1467 companies
in the Asset Management industry
Industry Median: 5.93 vs PWM: 1.13

Prestige Wealth Cash-to-Debt Historical Data

The historical data trend for Prestige Wealth'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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Prestige Wealth Cash-to-Debt Chart

Prestige Wealth Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

No Debt

1.13

Prestige Wealth Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	47.30	1.13

Competitive Comparison of Prestige Wealth's Cash-to-Debt

For the Asset Management subindustry, Prestige Wealth'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.

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

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

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

Prestige Wealth 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.

Prestige Wealth's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	0.431	/	(0.22	+	0.161)
	=	1.13

Prestige Wealth's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.431	/	(0.22	+	0.161)
	=	1.13

Prestige Wealth (NAS:PWM) 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.

Prestige Wealth Cash-to-Debt Related Terms

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Prestige Wealth (Prestige Wealth) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Prestige Wealth Inc (NAS:PWM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Queen’s Road Central, Suite 5102, 51th Floor, Cheung Kong Center, Hong Kong, HKG

Website

https://www.prestigewm.hk

Prestige Wealth Inc is engaged in providing private wealth management services and asset management to high-net-worth and ultra-high-net-worth individuals and enterprises through its subsidiaries.

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