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QualitasASX:QAL +3.91%67 Cash-to-Debt is 0.88 as of Jun. 2026, which is 22% above its 10-year median of 0.72. GuruFocus rates ASX:QAL with a GF Score™ of 67/100 and a GF Value™ of A$3.24 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,412 Asset Management companies, Qualitas ranks worse than 58.14% 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. Qualitas's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.88.
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, Qualitascouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Qualitas's Cash-to-Debt or its related term are showing as below:
ASX:QAL'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.57 Med: 0.72 Max: 2.78
Current: 1.55
During the past 8 years, Qualitas's highest Cash to Debt Ratio was 2.78. The lowest was 0.57. And the median was 0.72.
ASX:QAL's Cash-to-Debt is ranked worse than 58.14% of 1412
companies
in the Asset Management industry
Industry Median: 6.55
vs ASX:QAL: 1.55
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.
Qualitas Cash-to-Debt Related Terms
Qualitas Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Qualitas'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, Qualitas'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.
Qualitas Cash-to-Debt vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Qualitas's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Qualitas'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.
Qualitas (ASX:QAL) has a Cash-to-Debt of 0.88 as of Jun. 2026. This is 22% above median its historical median of 0.72. Over the past decade, Qualitas' Cash-to-Debt has ranged from 0.57 to 2.78. According to the industry distribution chart, Qualitas ranks #821 out of 1412 companies in the Asset Management industry, placing it in the top 58.1%.
Is Qualitas' Cash-to-Debt too high?
Qualitas' current Cash-to-Debt of 0.88 is 22% above median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 2.78. The Asset Management industry median Cash-to-Debt is 6.55. Qualitas' value of 0.88 is 86.6% below this industry median. Based on the distribution chart, Qualitas ranks #821 out of 1412 companies in the Asset Management industry, which is below the industry midpoint. Overall, Qualitas has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Qualitas' Cash-to-Debt compare to BLK and BX?
According to the Asset Management industry distribution chart, Qualitas ranks #821 out of 1412 companies for Cash-to-Debt. This places Qualitas in the lower half of its industry. The industry median Cash-to-Debt is 6.55. Qualitas' value of 0.88 is 86.6% below this benchmark. Historically, Qualitas' own Cash-to-Debt has ranged from 0.57 to 2.78 over the past decade. While the company's 10-year median is 0.72 vs. the industry median of 6.55, Qualitas 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 an Asset Management company?
The median Cash-to-Debt among Asset Management companies is 6.55, based on 1,412 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. Qualitas's current Cash-to-Debt of 0.88 is 86.6% 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 Asset Management industry, the median Cash-to-Debt is 6.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qualitas's current Cash-to-Debt is 0.88, which is 22% above median its own 10-year median of 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qualitas stock overvalued right now?
Based on GuruFocus' analysis, Qualitas (ASX:QAL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$3.24, compared to a current price of A$2.39 — trading 26.2% below its estimated fair value. The current Cash-to-Debt is 0.88, which is 22% above median its 10-year median of 0.72 and 86.6% below the Asset Management industry median of 6.55. Qualitas' overall GF Score™ is 67/100 with 2 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 Qualitas (ASX:QAL), the current Cash-to-Debt is 0.88 as of Jun. 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 Qualitas (ASX:QAL) Overvalued in 2026?
Based on GuruFocus' analysis, Qualitas stock appears to be undervalued.
The current stock price of A$2.39 is trading 26.2% below its estimated GF Value™ of A$3.24.
GuruFocus considers Qualitas to be Modestly Undervalued.
Key valuation signals for ASX:QAL:
Cash-to-Debt: 0.88 (22% above median its 10-year median of 0.72)
GF Value™: A$3.24 vs. price of A$2.39 (26.2% below fair value)
Industry Position: 86.6% below the Asset Management median (#821 of 1412)
No single metric tells the full story. See the ASX:QAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qualitas Ltd is an alternative real estate investment manager focused on private credit and equity across commercial real estate sectors. The Group has identified two operating segments Funds Management and Direct Lending. Maximum revenue is generated from its Funds Management segment which includes all of its core Funds management activities and includes Funds management fees, performance fees, and other fee income. It also includes dividends and distributions from Qualitas' Investment and Direct Lending activities. The Direct Lending segment relates to the interest income and expenses relating to activities undertaken by the company's subsidiaries.
67GF Score
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