Polar Capital Holdings (LSE:POLR) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Polar Capital Holdings 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. Polar Capital Holdings's cash to debt ratio for the quarter that ended in Sep. 2024 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, Polar Capital Holdings could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(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 Polar Capital Holdings's Cash-to-Debt or its related term are showing as below:

LSE:POLR' s Cash-to-Debt Range Over the Past 10 Years
Min: 19.64 Med: No Debt Max: No Debt
Current: 20.14

During the past 13 years, Polar Capital Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 19.64. And the median was No Debt.

LSE:POLR's Cash-to-Debt is ranked better than
55.33% of 1455 companies
in the Asset Management industry
Industry Median: 5.53 vs LSE:POLR: 20.14

Polar Capital Holdings Cash-to-Debt Historical Data

The historical data trend for Polar Capital 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.

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Polar Capital Holdings Cash-to-Debt Chart

Polar Capital Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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24.43

41.74

59.25

19.64

20.91

Polar Capital Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	19.64	No Debt	20.91	No Debt

Competitive Comparison of Polar Capital Holdings's Cash-to-Debt

For the Asset Management subindustry, Polar Capital 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.

Polar Capital Holdings's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Polar Capital Holdings 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.

Polar Capital Holdings'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)
	=	156.979	/	(1.342	+	6.164)
	=	20.91

Polar Capital Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Polar Capital Holdings had no debt ⁽¹⁾.

Polar Capital Holdings (LSE:POLR) 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.

Polar Capital Holdings Cash-to-Debt Related Terms

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Polar Capital Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Polar Capital Holdings PLC (LSE:POLR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

POLR.GB:UK XZF:Germany

Address

16 Palace Street, London, GBR, SW1E 5JD

Website

https://www.polarcapital.co.uk

Polar Capital Holdings PLC is a specialist investment management company. It offers professional and institutional investors a range of geographical and sector funds. The company has long-only and absolute return funds in its product range. The company offers fundamental funds diversified by asset class, geographical, sectoral specialization, and structure. The company has one operating segment which is investment management. It operates in the United Kingdom, Ireland, Cayman, and Europe. The group's revenue-generating operations are in London.

Polar Capital Holdings Headlines

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Polar Capital Holdings (LSE:POLR) Cash-to-Debt : No Debt (1) (As of Sep. 2024)