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The Australian Wealth Advisors Group (ASX:WAG) Cash-to-Debt : No Debt (1) (As of Jun. 2023)


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What is The Australian Wealth Advisors 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. The Australian Wealth Advisors Group's cash to debt ratio for the quarter that ended in Jun. 2023 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, The Australian Wealth Advisors Group could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

(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 The Australian Wealth Advisors Group's Cash-to-Debt or its related term are showing as below:

ASX:WAG' 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, The Australian Wealth Advisors Group's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:WAG's Cash-to-Debt is ranked better than
99.93% of 1463 companies
in the Asset Management industry
Industry Median: 5.56 vs ASX:WAG: No Debt

The Australian Wealth Advisors Group Cash-to-Debt Historical Data

The historical data trend for The Australian Wealth Advisors 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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The Australian Wealth Advisors Group Cash-to-Debt Chart

The Australian Wealth Advisors Group Annual Data
Trend Jun22 Jun23
Cash-to-Debt
N/A No Debt

The Australian Wealth Advisors Group Quarterly Data
Jun22 Jun23 Dec23
Cash-to-Debt N/A No Debt N/A

Competitive Comparison of The Australian Wealth Advisors Group's Cash-to-Debt

For the Asset Management subindustry, The Australian Wealth Advisors 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.

The Australian Wealth Advisors Group's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where The Australian Wealth Advisors Group's Cash-to-Debt falls into.


The Australian Wealth Advisors Group Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

The Australian Wealth Advisors Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

The Australian Wealth Advisors Group had no debt (1).

The Australian Wealth Advisors Group's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

The Australian Wealth Advisors 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.

The Australian Wealth Advisors Group  (ASX:WAG) 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.

The Australian Wealth Advisors Group Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of The Australian Wealth Advisors Group's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

The Australian Wealth Advisors Group (ASX:WAG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The Australian Wealth Advisors Group Ltd (ASX:WAG) » Definitions » Cash-to-Debt
Comparable Companies
Traded in Other Exchanges
N/A
Address
342 South Road, Suite 5, Hampton East, Melbourne, VIC, AUS, 3188
Website
https://www.australianwealth.com.au
The Australian Wealth Advisors Group Ltd is a Financial Management Firm. Its passion and expertise are providing attentive financial planning and advisory services on asset allocation and asset management.

The Australian Wealth Advisors Group (ASX:WAG) Headlines

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