Ameriprise Financial (BSP:A1MP34) Cash-to-Debt : 1.82 (As of Sep. 2024)

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What is Ameriprise Financial 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. Ameriprise Financial's cash to debt ratio for the quarter that ended in Sep. 2024 was 1.82.

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, Ameriprise Financial could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

BSP:A1MP34' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: 0.94 Max: 2.25
Current: 1.82

During the past 13 years, Ameriprise Financial's highest Cash to Debt Ratio was 2.25. The lowest was 0.27. And the median was 0.94.

BSP:A1MP34's Cash-to-Debt is ranked worse than
56.91% of 1455 companies
in the Asset Management industry
Industry Median: 5.53 vs BSP:A1MP34: 1.82

Ameriprise Financial Cash-to-Debt Historical Data

The historical data trend for Ameriprise Financial'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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Ameriprise Financial Cash-to-Debt Chart

Ameriprise Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.78

1.39

1.40

1.32

1.31

Ameriprise Financial Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															1.19	1.31	1.26	1.32	1.82

Competitive Comparison of Ameriprise Financial's Cash-to-Debt

For the Asset Management subindustry, Ameriprise Financial'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.

Ameriprise Financial's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Ameriprise Financial's Cash-to-Debt falls into.

Ameriprise Financial 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.

Ameriprise Financial's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	37062.087	/	(3679.75	+	24518.599)
	=	1.31

Ameriprise Financial's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	59248.922	/	(1113.098	+	31371.637)
	=	1.82

Ameriprise Financial (BSP:A1MP34) 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.

Ameriprise Financial Cash-to-Debt Related Terms

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Ameriprise Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ameriprise Financial Inc (BSP:A1MP34) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AMP:USA AMP:Mexico 0HF6:UK A4S:Germany A4S:Germany AMPF:Austria

Address

1099 Ameriprise Financial Center, Minneapolis, MN, USA, 55474

Website

https://www.ameriprise.com

Ameriprise Financial is a major player in the us market for asset and wealth management, with around $1.4 trillion in total assets under management and administration at the end of 2023. With about 10,000 advisors, Ameriprise has one of the largest branded advisor networks in the industry. About 80% of the company's revenue comes from its asset and wealth management segments. Ameriprise has reduced its exposure to insurance with the sale of its auto and home insurance business in 2019 and discontinuing the sale of proprietary fixed annuities in 2020.

Ameriprise Financial Headlines

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