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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.
The LotteryASX:TLC -0.21%59 Cash-to-Debt is 0.23 as of Jun. 2026, which is 5% above its 10-year median of 0.22. GuruFocus rates ASX:TLC with a GF Score™ of 59/100 and a GF Value™ of A$5.09 (Fairly Valued). The stock has 7 warning signs investors should review. Among 830 Travel & Leisure companies, The Lottery ranks worse than 65.66% 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. The Lottery's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.23.
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, The Lotterycouldn'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 The Lottery's Cash-to-Debt or its related term are showing as below:
ASX:TLC'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.22 Max: 0.23
Current: 0.23
During the past 5 years, The Lottery's highest Cash to Debt Ratio was 0.23. The lowest was 0.16. And the median was 0.22.
ASX:TLC's Cash-to-Debt is ranked worse than 65.66% of 830
companies
in the Travel & Leisure industry
Industry Median: 0.55
vs ASX:TLC: 0.23
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.
The Lottery Cash-to-Debt Related Terms
The Lottery Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for The Lottery'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:TLC vs FLUT, DKNG, SGHC: Cash-to-Debt Comparison
For the Gambling subindustry, The Lottery'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.
The Lottery Cash-to-Debt vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, The Lottery's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where The Lottery'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.
The Lottery (ASX:TLC) has a Cash-to-Debt of 0.23 as of Jun. 2026. This is near median its historical median of 0.22. Over the past decade, The Lottery's Cash-to-Debt has ranged from 0.16 to 0.23. According to the industry distribution chart, The Lottery ranks #545 out of 830 companies in the Travel & Leisure industry, placing it in the top 65.7%.
Is The Lottery's Cash-to-Debt too high?
The Lottery's current Cash-to-Debt of 0.23 is near median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.23. The Travel & Leisure industry median Cash-to-Debt is 0.55. The Lottery's value of 0.23 is 58.2% below this industry median. Based on the distribution chart, The Lottery ranks #545 out of 830 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, The Lottery has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The Lottery's Cash-to-Debt compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, The Lottery ranks #545 out of 830 companies for Cash-to-Debt. This places The Lottery in the lower half of its industry. The industry median Cash-to-Debt is 0.55. The Lottery's value of 0.23 is 58.2% below this benchmark. Historically, The Lottery's own Cash-to-Debt has ranged from 0.16 to 0.23 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 0.55, The Lottery 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 0.55, based on 830 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. The Lottery's current Cash-to-Debt of 0.23 is 58.2% 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 0.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Lottery's current Cash-to-Debt is 0.23, which is near median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Lottery stock overvalued right now?
Based on GuruFocus' analysis, The Lottery (ASX:TLC) is currently considered Fairly Valued. The stock's GF Value™ is A$5.09, compared to a current price of A$4.80 — trading 5.7% below its estimated fair value. The current Cash-to-Debt is 0.23, which is near median its 10-year median of 0.22 and 58.2% below the Travel & Leisure industry median of 0.55. The Lottery's overall GF Score™ is 59/100 with 7 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 The Lottery (ASX:TLC), the current Cash-to-Debt is 0.23 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 The Lottery (ASX:TLC) Overvalued in 2026?
Based on GuruFocus' analysis, The Lottery stock appears to be undervalued.
The current stock price of A$4.80 is trading 5.7% below its estimated GF Value™ of A$5.09.
GuruFocus considers The Lottery to be Fairly Valued.
Key valuation signals for ASX:TLC:
Cash-to-Debt: 0.23 (near median its 10-year median of 0.22)
GF Value™: A$5.09 vs. price of A$4.80 (5.7% below fair value)
Industry Position: 58.2% below the Travel & Leisure median (#545 of 830)
No single metric tells the full story. See the ASX:TLC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Lottery Corporation is Australia's largest provider of lottery, keno, and instant-scratch products, with long-dated and/or exclusive licenses for the lottery in all Australian states and territories except Western Australia, and in most states and territories for keno. Lottery Corp has a distribution network of more than 3,800 franchised retailers that sell instant-scratch and lottery products through vendors such as newsstands, gas stations, pharmacies, and convenience stores, as well as online sales. Keno is sold in over 3,400 bars and clubs.
59GF Score
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