360 Capital Group (ASX:TGP) Cash-to-Debt : 1.57 (As of Dec. 2024)

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What is 360 Capital Group 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. 360 Capital Group's cash to debt ratio for the quarter that ended in Dec. 2024 was 1.57.

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, 360 Capital Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

The historical rank and industry rank for 360 Capital Group's Cash-to-Debt or its related term are showing as below:

ASX:TGP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 10.54 Max: No Debt
Current: 1.57

During the past 13 years, 360 Capital Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 10.54.

ASX:TGP's Cash-to-Debt is ranked worse than
57.23% of 1445 companies
in the Asset Management industry
Industry Median: 5.7 vs ASX:TGP: 1.57

360 Capital Group Cash-to-Debt Historical Data

The historical data trend for 360 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.

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360 Capital Group Cash-to-Debt Chart

360 Capital Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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No Debt

2.24

64.04

62.72

1.57

360 Capital Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															15.53	62.72	62.29	1.57	1.57

Competitive Comparison of 360 Capital Group's Cash-to-Debt

For the Asset Management subindustry, 360 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.

360 Capital Group's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, 360 Capital Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where 360 Capital Group's Cash-to-Debt falls into.

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360 Capital Group 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.

360 Capital Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 2024 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)
	=	117.737	/	(0.74	+	74.228)
	=	1.57

360 Capital Group's Cash to Debt Ratio for the quarter that ended in Dec. 2024 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)
	=	111.173	/	(0.756	+	70.267)
	=	1.57

360 Capital Group (ASX:TGP) 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.

360 Capital Group Cash-to-Debt Related Terms

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360 Capital Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » 360 Capital Group (ASX:TGP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Macquarie Place, Suite 3701, Level 37, Sydney, NSW, AUS, 2000

Website

https://www.360capital.com.au

360 Capital Group is a property investment and fund management company that is focused on strategic and active investment management of real estate assets. The company's operating segment includes Real estate equity and Real estate credit. The company operates in Australia.