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Macquarie Group (Macquarie Group) Cash-to-Debt : 2.41 (As of Sep. 2023)


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What is Macquarie 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. Macquarie Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 2.41.

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

MQBKY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08   Med: 0.3   Max: 8.38
Current: 2.41

During the past 13 years, Macquarie Group's highest Cash to Debt Ratio was 8.38. The lowest was 0.08. And the median was 0.30.

MQBKY's Cash-to-Debt is ranked better than
54.3% of 790 companies
in the Capital Markets industry
Industry Median: 1.78 vs MQBKY: 2.41

Macquarie Group Cash-to-Debt Historical Data

The historical data trend for Macquarie 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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Macquarie Group Cash-to-Debt Chart

Macquarie Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.23 0.17 0.24 8.38 0.36

Macquarie Group Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.65 8.38 2.67 0.36 2.41

Competitive Comparison of Macquarie Group's Cash-to-Debt

For the Capital Markets subindustry, Macquarie 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.

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

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

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


Macquarie 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.

Macquarie Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
=58606.809 / (468.625 + 163000.668)
=0.36

Macquarie Group'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)
=76200.514 / (5284.062 + 26335.476)
=2.41

* 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.

Macquarie Group  (OTCPK:MQBKY) 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.

Macquarie Group Cash-to-Debt Related Terms

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Macquarie Group (Macquarie Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Macquarie Group Ltd (OTCPK:MQBKY) » Definitions » Cash-to-Debt
Comparable Companies
ASX:CPU ASX:SOL ASX:NWL ASX:HUB ASX:LNK ASX:WHF ASX:BFG ASX:OFX ASX:COG ASX:PPS MS GS SCHW SHSE:600030 BSP:BPAC3 RJF TW SHSE:601066 LPLA TSE:8604
Traded in Other Exchanges
MCQEF:USA 4M4:Germany MQGPF.PFD:Australia MQGPE.PFD:Australia MQGPD.PFD:Australia MQGPC.PFD:Australia MQGPB.PFD:Australia MQG:Australia
Address
50 Martin Place, Level 6, Sydney, NSW, AUS, 2000
Website
https://www.macquarie.com.au
Macquarie Group began trading in 1969 as Hill Samuel Australia, obtained its bank licence in 1985, and listed in 1996. It's Australia's only sizable listed investment bank, now internationally diversified, operating in asset management, banking and wealth, risk and capital solutions, and advisory.