abrdn (FRA:T3V2) Cash-to-Debt : 2.34 (As of Jun. 2024)

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What is abrdn 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. abrdn's cash to debt ratio for the quarter that ended in Jun. 2024 was 2.34.

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, abrdn could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

FRA:T3V2' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.49 Med: 2.31 Max: 7.83
Current: 2.34

During the past 13 years, abrdn's highest Cash to Debt Ratio was 7.83. The lowest was 0.49. And the median was 2.31.

FRA:T3V2's Cash-to-Debt is ranked worse than
54.71% of 1455 companies
in the Asset Management industry
Industry Median: 5.53 vs FRA:T3V2: 2.34

abrdn Cash-to-Debt Historical Data

The historical data trend for abrdn'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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abrdn Cash-to-Debt Chart

abrdn Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.67

1.85

2.74

1.85

2.02

abrdn Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															2.06	1.85	2.42	2.02	2.34

Competitive Comparison of abrdn's Cash-to-Debt

For the Asset Management subindustry, abrdn'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.

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

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

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

abrdn 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.

abrdn'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)
	=	1403.358	/	(0	+	695.295)
	=	2.02

abrdn's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	1668.891	/	(0	+	713.888)
	=	2.34

abrdn (FRA:T3V2) 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.

abrdn Cash-to-Debt Related Terms

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

abrdn Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » abrdn PLC (FRA:T3V2) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SLFPY:USA SLFPF:USA ABDNl:UK ABDN:UK T3V2:Germany

Address

1 George Street, Edinburgh, SCT, EH2 2LL

Website

https://www.abrdn.com

abrdn PLC provides a variety of investment services. It operates in the following segments: Investments, Adviser, Personal, and Corporate/strategic. The investments segment involves a global asset management business that provides investment solutions for Institutional, Wholesale, and Insurance clients. Adviser business provides services through the Wrap and Elevate platforms to wealth managers and advisers. The personal business combines financial planning business abrdn Financial Planning, digital direct-to-consumer services, and discretionary fund management services. Corporate/strategic mainly comprises certain corporate costs and businesses held for sale. The majority of the company's income comes from the United Kingdom.

abrdn Headlines

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