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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Aristocrat LeisureASX:ALL +0.20%94 Cash-to-Debt is 0.35 as of Mar. 2026, which is 26% below its 10-year median of 0.47. GuruFocus rates ASX:ALL with a GF Score™ of 94/100 and a GF Value™ of A$52.86 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 828 Travel & Leisure companies, Aristocrat Leisure ranks worse than 57.37% on this metric.
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. Aristocrat Leisure's cash to debt ratio for the quarter that ended in Mar. 2026 was 0.35.
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, Aristocrat Leisurecouldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for Aristocrat Leisure's Cash-to-Debt or its related term are showing as below:
ASX:ALL'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.47 Max: 1.19
Current: 0.35
During the past 13 years, Aristocrat Leisure's highest Cash to Debt Ratio was 1.19. The lowest was 0.13. And the median was 0.47.
ASX:ALL's Cash-to-Debt is ranked worse than 57.37% of 828
companies
in the Travel & Leisure industry
Industry Median: 0.555
vs ASX:ALL: 0.35
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.
Aristocrat Leisure Cash-to-Debt Related Terms
Aristocrat Leisure Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Aristocrat Leisure'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.
ASX:ALL vs FLUT, DKNG, SGHC: Cash-to-Debt Comparison
For the Gambling subindustry, Aristocrat Leisure'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.
Aristocrat Leisure Cash-to-Debt vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Aristocrat Leisure's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Aristocrat Leisure's Cash-to-Debt falls into.
* 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.
Aristocrat Leisure (ASX:ALL) has a Cash-to-Debt of 0.35 as of Mar. 2026. This is 26% below median its historical median of 0.47. Over the past decade, Aristocrat Leisure's Cash-to-Debt has ranged from 0.13 to 1.19. According to the industry distribution chart, Aristocrat Leisure ranks #475 out of 828 companies in the Travel & Leisure industry, placing it in the top 57.4%.
Is Aristocrat Leisure's Cash-to-Debt too high?
Aristocrat Leisure's current Cash-to-Debt of 0.35 is 26% below median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 1.19. The Travel & Leisure industry median Cash-to-Debt is 0.56. Aristocrat Leisure's value of 0.35 is 36.9% below this industry median. Based on the distribution chart, Aristocrat Leisure ranks #475 out of 828 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Aristocrat Leisure has a GF Score™ of 94/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aristocrat Leisure's Cash-to-Debt compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Aristocrat Leisure ranks #475 out of 828 companies for Cash-to-Debt. This places Aristocrat Leisure in the lower half of its industry. The industry median Cash-to-Debt is 0.56. Aristocrat Leisure's value of 0.35 is 36.9% below this benchmark. Historically, Aristocrat Leisure's own Cash-to-Debt has ranged from 0.13 to 1.19 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 0.56, Aristocrat Leisure has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Travel & Leisure company?
The median Cash-to-Debt among Travel & Leisure companies is 0.56, based on 828 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aristocrat Leisure's current Cash-to-Debt of 0.35 is 36.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Travel & Leisure industry, the median Cash-to-Debt is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aristocrat Leisure's current Cash-to-Debt is 0.35, which is 26% below median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aristocrat Leisure stock overvalued right now?
Based on GuruFocus' analysis, Aristocrat Leisure (ASX:ALL) is currently considered Modestly Overvalued. The stock's GF Value™ is A$52.86, compared to a current price of A$59.89 — trading 13.3% above its estimated fair value. The current Cash-to-Debt is 0.35, which is 26% below median its 10-year median of 0.47 and 36.9% below the Travel & Leisure industry median of 0.56. Aristocrat Leisure's overall GF Score™ is 94/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Aristocrat Leisure (ASX:ALL), the current Cash-to-Debt is 0.35 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Aristocrat Leisure (ASX:ALL) Overvalued in 2026?
Based on GuruFocus' analysis, Aristocrat Leisure stock appears to be overvalued.
The current stock price of A$59.89 is trading 13.3% above its estimated GF Value™ of A$52.86.
GuruFocus considers Aristocrat Leisure to be Modestly Overvalued.
Key valuation signals for ASX:ALL:
Cash-to-Debt: 0.35 (26% below median its 10-year median of 0.47)
GF Value™: A$52.86 vs. price of A$59.89 (13.3% above fair value)
Industry Position: 36.9% below the Travel & Leisure median (#475 of 828)
No single metric tells the full story. See the ASX:ALL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aristocrat Leisure is an electronic gaming machine manufacturer that sells machines to pubs, clubs, and casinos. The firm is licensed in all Australian states and territories, North American jurisdictions, and essentially every major country. Aristocrat is one of the top three largest players in the space along with International Game Technology and Light & Wonder. The company also develops and distributes mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.
94GF Score
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