Hennessy Advisors (Hennessy Advisors) Cash-to-Debt

: 1.51 (As of Dec. 2023)

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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. Hennessy Advisors's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.51.

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

HNNA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 1.22 Max: 45.29
Current: 1.51

During the past 13 years, Hennessy Advisors's highest Cash to Debt Ratio was 45.29. The lowest was 0.09. And the median was 1.22.

HNNA's Cash-to-Debt is ranked worse than
58.07% of 1474 companies
in the Asset Management industry
Industry Median: 5.3 vs HNNA: 1.51

Hennessy Advisors Cash-to-Debt Historical Data

The historical data trend for Hennessy Advisors'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.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 1.42 [6] => 30.19 [7] => 15.77 [8] => 1.48 [9] => 1.53 )

Hennessy Advisors Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

1.42

30.19

15.77

1.48

1.53

Hennessy Advisors Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																1.45	1.47	1.51	1.53	1.51

Competitive Comparison

For the Asset Management subindustry, Hennessy Advisors'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.

Hennessy Advisors Cash-to-Debt Distribution

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

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

Hennessy Advisors 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.

Hennessy Advisors'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)
	=	60.486	/	(0.279	+	39.164)
	=	1.53

Hennessy Advisors'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)
	=	59.616	/	(0.186	+	39.24)
	=	1.51

Hennessy Advisors (NAS:HNNA) 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.

Hennessy Advisors Cash-to-Debt Related Terms

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Hennessy Advisors (Hennessy Advisors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hennessy Advisors Inc (NAS:HNNA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7250 Redwood Boulevard, Suite 200, Novato, CA, USA, 94945

Website

https://www.hennessyadvisors.com

Hennessy Advisors Inc is an investment management company, engaged in the managing and marketing of open-end mutual funds branded as the Hennessy Funds. It offers domestic equity, sectors, and specialty, balanced and fixed income products. It provides investment advisory services and shareholder services to the Hennessy Funds. Its investment advisory services include managing the composition of each fund's portfolio, including the purchase, retention, and disposition of portfolio securities in accordance with the Fund's investment objectives, policies, and restrictions; conducting investment research, and monitoring compliance with each fund's investment restrictions and applicable laws and regulations.

Executives

Neil J Hennessy	director, 10 percent owner, officer: President and CEO	7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Kiera Newton	director	7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Knight Oriordan Lydia D	director	7240 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Rodger Offenbach	director	7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945
Daniel B Steadman	director, officer: Executive Vice President	7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Brian A Hennessey	director	7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945
Teresa M Nilsen	director, officer: EVP, CFO and Secretary	7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Thomas L Seavey	director	7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Kathryn Fahy	officer: SVP and CFO	7250 REDWOOD BOULEVARD, SUITE 200, NOVATO CA 94945
Susan Weber Pomilia	director	7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945
Daniel G Libarie	director	7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945
Charles W Bennett	director	700 IRWIN STREET, SAN RAFAEL CA 94901-3300
Henry Hansel	director	7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945