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Pengana Capital GroupASX:PCG 38 Cash-to-Debt is No Debt (1) as of Dec. 2025, which is 100% below its 10-year median of 10,000.00. GuruFocus rates ASX:PCG with a GF Score™ of 38/100 and a GF Value™ of A$0.34 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,421 Asset Management companies, Pengana Capital Group ranks better than 99.51% 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. Pengana Capital Group'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, Pengana Capital Groupcould 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 Pengana Capital Group's Cash-to-Debt or its related term are showing as below:
ASX:PCG'
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 1 years, Pengana Capital Group's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.
ASX:PCG's Cash-to-Debt is ranked better than 99.51% of 1421
companies
in the Asset Management industry
Industry Median: 5.81
vs ASX:PCG: No Debt
Pengana Capital Group (ASX:PCG) 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.
Pengana Capital Group Cash-to-Debt Related Terms
Pengana Capital Group Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Pengana Capital Group'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.
Pengana Capital Group Cash-to-Debt Chart
Pengana Capital Group Annual Data
Trend
Jun25
Cash-to-Debt
No Debt
Pengana Capital Group Semi-Annual Data
Dec24
Jun25
Dec25
Cash-to-Debt
No Debt
No Debt
No Debt
ASX:PCG vs BLK, BX, KKR: Cash-to-Debt Comparison
For the Asset Management subindustry, Pengana Capital Group'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.
Pengana Capital Group Cash-to-Debt vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pengana Capital Group's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Pengana Capital Group's Cash-to-Debt falls into.
Pengana Capital Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 2025 is calculated as:
Pengana Capital Group had no debt (1).
Pengana Capital Group's Cash to Debt Ratio for the quarter that ended in Dec. 2025 is calculated as:
Pengana Capital Group 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?
Pengana Capital Group (ASX:PCG) 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, Pengana Capital Group's Cash-to-Debt has ranged from 10,000.00 to 10,000.00. According to the industry distribution chart, Pengana Capital Group ranks #7 out of 1421 companies in the Asset Management industry, placing it in the top 0.5%.
Is Pengana Capital Group's Cash-to-Debt too high?
Pengana Capital Group'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. Based on the distribution chart, Pengana Capital Group ranks #7 out of 1421 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Pengana Capital Group has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pengana Capital Group's Cash-to-Debt compare to BLK and BX?
According to the Asset Management industry distribution chart, Pengana Capital Group ranks #7 out of 1421 companies for Cash-to-Debt. This places Pengana Capital Group in the top 1% of its industry — outperforming the majority of peers. The industry median Cash-to-Debt is 5.81. Historically, Pengana Capital Group'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. Pengana Capital Group'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 Pengana Capital Group stock overvalued right now?
Based on GuruFocus' analysis, Pengana Capital Group (ASX:PCG) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.34, compared to a current price of A$0.73 — trading 113.2% above its estimated fair value. The current Cash-to-Debt is No Debt (1), which is 100% below median its 10-year median of 10,000.00. Pengana Capital Group's overall GF Score™ is 38/100 with 3 warning signs 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 Pengana Capital Group (ASX:PCG), 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.
Is Pengana Capital Group (ASX:PCG) Overvalued in 2026?
Based on GuruFocus' analysis, Pengana Capital Group stock appears to be overvalued.
The current stock price of A$0.73 is trading 113.2% above its estimated GF Value™ of A$0.34.
GuruFocus considers Pengana Capital Group to be Significantly Overvalued.
Key valuation signals for ASX:PCG:
Cash-to-Debt: No Debt (1) (100% below median its 10-year median of 10,000.00)
GF Value™: A$0.34 vs. price of A$0.73 (113.2% above fair value)
No single metric tells the full story. See the ASX:PCG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pengana Capital Group Ltd is a diversified fund management company. Its objective is to increase investor wealth by developing, offering, and managing investment funds in Australia and globally as opportunities arise. It operates in one operating segment being the development, offering of, and management of investment funds.
38GF Score
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