Ninety One (CHIX:N91L) Cash-to-Debt : 131.07 (As of Sep. 2024)

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What is Ninety One 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. Ninety One's cash to debt ratio for the quarter that ended in Sep. 2024 was 131.07.

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, Ninety One 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 Ninety One's Cash-to-Debt or its related term are showing as below:

CHIX:N91l' s Cash-to-Debt Range Over the Past 10 Years
Min: 71.15 Med: 100.96 Max: No Debt
Current: 131.07

During the past 8 years, Ninety One's highest Cash to Debt Ratio was No Debt. The lowest was 71.15. And the median was 100.96.

CHIX:N91l's Cash-to-Debt is ranked better than
60.48% of 1455 companies
in the Asset Management industry
Industry Median: 5.53 vs CHIX:N91l: 131.07

Ninety One Cash-to-Debt Historical Data

The historical data trend for Ninety One'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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Ninety One Cash-to-Debt Chart

Ninety One Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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71.15

85.16

102.33

100.67

112.74

Ninety One Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial										95.86	100.67	100.98	112.74	131.07

Competitive Comparison of Ninety One's Cash-to-Debt

For the Asset Management subindustry, Ninety One'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.

Ninety One's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Ninety One 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.

Ninety One's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	10676.4	/	(10	+	84.7)
	=	112.74

Ninety One's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	11665	/	(10.1	+	78.9)
	=	131.07

Ninety One (CHIX:N91l) 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.

Ninety One Cash-to-Debt Related Terms

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

Ninety One Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ninety One PLC (CHIX:N91l) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N91:South Africa N91:UK 3XH:Germany

Address

55 Gresham Street, London, GBR, EC2V 7EL

Website

https://www.ninetyone.com

Ninety One PLC is engaged in the business of investment management. The company deals in four core asset classes - Equities, Fixed income, Multi-Asset and Alternative Strategies. It provides portfolio management, investment advisory, and other financial services.

Ninety One Headlines

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