Waddell & Reed Financial (Waddell & Reed Financial) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2021)

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What is Waddell & Reed Financial 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. Waddell & Reed Financial's cash to debt ratio for the quarter that ended in Mar. 2021 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, Waddell & Reed Financial could pay off its debt using the cash in hand for the quarter that ended in Mar. 2021.

(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 Waddell & Reed Financial's Cash-to-Debt or its related term are showing as below:

WDR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.49 Med: 2.03 Max: No Debt
Current: No Debt

During the past 13 years, Waddell & Reed Financial's highest Cash to Debt Ratio was No Debt. The lowest was 0.49. And the median was 2.03.

WDR's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 5.445 vs WDR: No Debt

Waddell & Reed Financial Cash-to-Debt Historical Data

The historical data trend for Waddell & Reed Financial'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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Waddell & Reed Financial Cash-to-Debt Chart

Waddell & Reed Financial Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash-to-Debt

Get a 7-Day Free Trial

4.66

4.79

8.95

8.85

8.01

Waddell & Reed Financial Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Cash-to-Debt	Get a 7-Day Free Trial															8.07	8.17	7.84	8.01	No Debt

Competitive Comparison of Waddell & Reed Financial's Cash-to-Debt

For the Asset Management subindustry, Waddell & Reed Financial'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.

Waddell & Reed Financial's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Waddell & Reed Financial's Cash-to-Debt falls into.

Waddell & Reed Financial 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.

Waddell & Reed Financial's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
	=	760.521	/	(94.997	+	0)
	=	8.01

Waddell & Reed Financial's Cash to Debt Ratio for the quarter that ended in Mar. 2021 is calculated as:

Waddell & Reed Financial had no debt ⁽¹⁾.

Waddell & Reed Financial (NYSE:WDR) 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.

Waddell & Reed Financial Cash-to-Debt Related Terms

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

Waddell & Reed Financial (Waddell & Reed Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Waddell & Reed Financial Inc (NYSE:WDR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

6300 Lamar Avenue, Overland Park, KS, USA, 66202

Website

https://www.waddell.com

Waddell & Reed is a midsize asset manager that had $74.8 billion in assets under management at the end of 2020. The firm provides investment services for individual and institutional investors. Retail distribution, which accounts for 95% of managed assets, is handled through the company's own registered investment advisors (58% of AUM) and third-party broker/dealers and advisors (37%) in the wholesale channel. Equity-driven strategies account for an estimated 80% of total AUM, with fixed-income (18%) and money market (2%) offerings accounting for the remainder. The company has no discernible reach outside the United States.

Executives

Daniel P Hanson	officer: SVP & CIO	6300 LAMAR AVENUE OVERLAND PARK KS 66202
Mark P. Buyle	officer: SVP, GC, CLO and Secretary	6300 LAMAR AVENUE OVERLAND PARK KS 66202
Shawn M. Mihal	officer: SVP - Wealth Management	6300 LAMAR AVENUE OVERLAND PARK KS 66202
Amy J. Scupham	officer: SVP - Distribution	6300 LAMAR AVENUE OVERLAND PARK KS 66202
Christopher W. Rackers	officer: SVP and CAO	6300 LAMAR AVENUE OVERLAND PARK KS 66202
Benjamin R Clouse	officer: SVP & CFO	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Michael John Daley	officer: VP - Chief Acct Off,IR & Treas	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Brent K Bloss	officer: President	6300 LAMAR AVE OVERLAND PARK KS 66202
Philip James Sanders	director, officer: CEO	6300 LAMAR AVENUE, OVERLAND PARK KS 66202
Kline Katherine M. A.	director	100 PIER 1 PLACE, FORT WORTH TX 76102
Weaver Constance K	director	2900 ESPERANZA CROSSING, 2ND FLOOR, AUSTIN TX 78758
Sharilyn S Gasaway	director	ONE ALLIED DRIVE, LITTLE ROCK AR 72202
James A. Jessee	director	6300 LAMAR AVENUE OVERLAND PARK KS 66202
Alan W Kosloff	director	6300 LAMAR AVE OVERLAND PARK KS 66202
Thomas C Godlasky	director	6300 LAMAR AVENUE OVERLAND PARK KS 66202