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Solowin HoldingsAXG -5.06%47 Cash-to-Debt is 2.69 as of Mar. 2026, which is 14% below its 10-year median of 3.12. GuruFocus rates AXG with a GF Score™ of 47/100 and a GF Value™ of $2.72 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 774 Capital Markets companies, Solowin Holdings ranks better than 51.94% 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. Solowin Holdings's cash to debt ratio for the quarter that ended in Mar. 2026 was 2.69.
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, Solowin Holdingscould pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for Solowin Holdings's Cash-to-Debt or its related term are showing as below:
AXG'
s Cash-to-Debt Range Over the Past 10 Years
Min: 2 Med: 3.12 Max: 9.97
Current: 2.69
During the past 6 years, Solowin Holdings's highest Cash to Debt Ratio was 9.97. The lowest was 2.00. And the median was 3.12.
AXG's Cash-to-Debt is ranked better than 51.94% of 774
companies
in the Capital Markets industry
Industry Median: 2.325
vs AXG: 2.69
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.
Solowin Holdings Cash-to-Debt Related Terms
Solowin Holdings Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Solowin Holdings'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 Capital Markets subindustry, Solowin Holdings'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.
Solowin Holdings Cash-to-Debt vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Solowin Holdings's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Solowin Holdings'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.
Solowin Holdings (AXG) has a Cash-to-Debt of 2.69 as of Mar. 2026. This is 14% below median its historical median of 3.12. Over the past decade, Solowin Holdings' Cash-to-Debt has ranged from 2.00 to 9.97. According to the industry distribution chart, Solowin Holdings ranks #372 out of 774 companies in the Capital Markets industry, placing it in the top 48.1%.
Is Solowin Holdings' Cash-to-Debt too high?
Solowin Holdings' current Cash-to-Debt of 2.69 is 14% below median its 10-year median of 3.12. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.97. The Capital Markets industry median Cash-to-Debt is 2.33. Solowin Holdings' value of 2.69 is 15.7% above this industry median. Based on the distribution chart, Solowin Holdings ranks #372 out of 774 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Solowin Holdings has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Solowin Holdings' Cash-to-Debt compare to BTGO and CSHR?
According to the Capital Markets industry distribution chart, Solowin Holdings ranks #372 out of 774 companies for Cash-to-Debt. This puts Solowin Holdings in the upper half of its industry. The industry median Cash-to-Debt is 2.33. Solowin Holdings' value of 2.69 is 15.7% above this benchmark. Historically, Solowin Holdings' own Cash-to-Debt has ranged from 2.00 to 9.97 over the past decade. While the company's 10-year median is 3.12 vs. the industry median of 2.33, Solowin Holdings has consistently been above 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 Capital Markets company?
The median Cash-to-Debt among Capital Markets companies is 2.33, based on 774 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. Solowin Holdings's current Cash-to-Debt of 2.69 is 15.7% above 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 Capital Markets industry, the median Cash-to-Debt is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solowin Holdings's current Cash-to-Debt is 2.69, which is 14% below median its own 10-year median of 3.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solowin Holdings stock overvalued right now?
Based on GuruFocus' analysis, Solowin Holdings (AXG) is currently considered Modestly Undervalued. The stock's GF Value™ is $2.72, compared to a current price of $2.25 — trading 17.3% below its estimated fair value. The current Cash-to-Debt is 2.69, which is 14% below median its 10-year median of 3.12 and 15.7% above the Capital Markets industry median of 2.33. Solowin Holdings' overall GF Score™ is 47/100 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 Solowin Holdings (AXG), the current Cash-to-Debt is 2.69 as of Mar. 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 Solowin Holdings (AXG) Overvalued in 2026?
Based on GuruFocus' analysis, Solowin Holdings stock appears to be undervalued.
The current stock price of $2.25 is trading 17.3% below its estimated GF Value™ of $2.72.
GuruFocus considers Solowin Holdings to be Modestly Undervalued.
Key valuation signals for AXG:
Cash-to-Debt: 2.69 (14% below median its 10-year median of 3.12)
GF Value™: $2.72 vs. price of $2.25 (17.3% below fair value)
Industry Position: 15.7% above the Capital Markets median (#372 of 774)
No single metric tells the full story. See the AXG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Solowin Holdings Ltd is an investor-focused, versatile securities brokerage company in Hong Kong. It offers a wide spectrum of products and services through its secure one-stop electronic platform. It is engaged in providing securities-related services, investment advisory services, and asset management services to customers. The operations were organized into four reportable segments: Corporate Finance Services, Wealth Management Services, Asset Management Services and Virtual Assets. It derives maximum revenue from Wealth Management Services.
47GF Score
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