Franklin Resources (Franklin Resources) Cash-to-Debt

: 0.33 (As of Dec. 2023)

View and export this data going back to 1986. Start your Free Trial

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. Franklin Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.33.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Franklin Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

BEN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: 3.74 Max: 9.49
Current: 0.33

During the past 13 years, Franklin Resources's highest Cash to Debt Ratio was 9.49. The lowest was 0.33. And the median was 3.74.

BEN's Cash-to-Debt is ranked worse than
70.93% of 1476 companies
in the Asset Management industry
Industry Median: 5.265 vs BEN: 0.33

Franklin Resources Cash-to-Debt Historical Data

The historical data trend for Franklin Resources'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.

Franklin Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

Get a 7-Day Free Trial

7.97

0.62

0.61

0.51

0.38

Franklin Resources 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	Get a 7-Day Free Trial															0.45	0.39	0.37	0.38	0.33

Competitive Comparison

For the Asset Management subindustry, Franklin Resources'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.

Franklin Resources Cash-to-Debt Distribution

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

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

Franklin Resources 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.

Franklin Resources'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)
	=	4402.4	/	(0	+	11752.4)
	=	0.37

Franklin Resources'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)
	=	3879.6	/	(0	+	11751.9)
	=	0.33

Franklin Resources (NYSE:BEN) 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.

Franklin Resources Cash-to-Debt Related Terms

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

Franklin Resources (Franklin Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Franklin Resources Inc (NYSE:BEN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FRK:Germany FRK:Germany

Address

One Franklin Parkway, San Mateo, CA, USA, 94403

Website

https://www.franklinresources.com

Franklin Resources provides investment services for individual and institutional investors. At the end of October 2023, Franklin had $1.335 trillion in managed assets, composed primarily of equity (31%), fixed-income (35%), multi-asset/balanced (11%) funds, alternatives (19%) and money market funds (4%). Distribution tends to be weighted equally between retail investors (50% of AUM) and institutional accounts (48%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the U.S.-based asset managers we cover, with more than a third of its assets under management invested in global/international strategies and 29% of managed assets sourced from clients domiciled outside the United States.

Executives

Alok Sethi	officer: Reg. S-K Executive Officer	ONE FRANKLING PARKWAY, SAN MATEO CA 94403
Mariann H Byerwalter	director	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY 920/2, SAN MATEO CA 94403
Terrence Murphy	officer: Section 16 Officer	CITIGROUP ASSET MANAGEMENT, 300 FIRST STAMFORD PLACE, 4TH FLOOR, STAMFORD CT 06902
Jennifer M Johnson	officer: Senior Vice President	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906
Jed A. Plafker	officer: Reg. S-K Executive Officer	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Thomas C Merchant	officer: EVP, General Counsel	LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Gwen L Shaneyfelt	officer: Chief Accounting Officer	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Karen Matsushima King	director	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
John Y Kim	director	51 MADISON AVENUE, NEW YORK NY 10010
John W Thiel	director	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Alexander S Friedman	director	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Adam Benjamin Spector	officer: EVP, Global Advisory Services	620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Craig Steven Tyle	officer: Exec VP and General Counsel	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906
Anthony Noto	director	C/O SOFI TECHNOLOGIES, INC., 234 1ST STREET, SAN FRANCISCO CA 94105
Johnson Rupert H Jr	director, 10 percent owner, officer: Vice Chairman	C/O FRANKLIN RESOURCES INC, ONE FRANKLIN PARKWAY, SAN MATEO CA 94403