Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
H&G High ConvictionASX:HCF Cash-to-Debt is No Debt (1) as of Dec. 2025, which is 100% below its 10-year median of 10,000.00. The stock has 1 warning sign investors should review.
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. H&G High Conviction's cash to debt ratio for the quarter that ended in Dec. 2025 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, H&G High Convictioncould pay off its debt using the cash in hand for the quarter that ended in Dec. 2025.
(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 H&G High Conviction's Cash-to-Debt or its related term are showing as below:
ASX:HCF'
s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt
During the past 2 years, H&G High Conviction's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.
ASX:HCF's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 5.81
vs ASX:HCF: No Debt
H&G High Conviction (ASX:HCF) 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.
H&G High Conviction Cash-to-Debt Related Terms
H&G High Conviction Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for H&G High Conviction'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.
For the Asset Management subindustry, H&G High Conviction'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.
H&G High Conviction Cash-to-Debt vs Asset Management Industry
For the Asset Management industry and Financial Services sector, H&G High Conviction's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where H&G High Conviction's Cash-to-Debt falls into.
H&G High Conviction's Cash to Debt Ratio for the fiscal year that ended in Jun. 2025 is calculated as:
H&G High Conviction had no debt (1).
H&G High Conviction's Cash to Debt Ratio for the quarter that ended in Dec. 2025 is calculated as:
H&G High Conviction had no debt (1).
* 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.
What does a Cash-to-Debt of No Debt <sup>(1)</sup> mean?
H&G High Conviction (ASX:HCF) has a Cash-to-Debt of No Debt (1) as of Dec. 2025. This is 100% below median its historical median of 10,000.00. Over the past decade, H&G High Conviction's Cash-to-Debt has ranged from 10,000.00 to 10,000.00.
Is H&G High Conviction's Cash-to-Debt too high?
H&G High Conviction's current Cash-to-Debt of No Debt (1) is 100% below median its 10-year median of 10,000.00. Over the past 10 years, this metric has ranged from a low of 10,000.00 to a high of 10,000.00.
How does H&G High Conviction's Cash-to-Debt compare to BLK and BX?
H&G High Conviction's Cash-to-Debt of No Debt (1) can be compared against companies in the Asset Management industry. The industry median Cash-to-Debt is 5.81. Historically, H&G High Conviction's own Cash-to-Debt has ranged from 10,000.00 to 10,000.00 over the past decade. 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 an Asset Management company?
The median Cash-to-Debt among Asset Management companies is 5.81, based on 1,421 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. 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 Asset Management industry, the median Cash-to-Debt is 5.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. H&G High Conviction's current Cash-to-Debt is No Debt (1), which is 100% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H&G High Conviction stock overvalued right now?
H&G High Conviction (ASX:HCF) has a current Cash-to-Debt of No Debt (1). The current Cash-to-Debt is No Debt (1), which is 100% below median its 10-year median of 10,000.00. 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 H&G High Conviction (ASX:HCF), the current Cash-to-Debt is No Debt (1) as of Dec. 2025. 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.
H&G High Conviction Ltd is an investment company that focuses on building a portfolio of microcap companies. The company aims to generate risk-adjusted returns by investing in companies with solid fundamental prospects that are undervalued by the market. It generates revenue through interest income and dividends from its portfolio investments. The company's investment activities are centered in the Australian market.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:HCF has been successfully added to your 
