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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. Steel Partners Holdings LP's cash to debt ratio for the quarter that ended in Sep. 2025 was 3.86.
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, Steel Partners Holdings LPcould pay off its debt using the cash in hand for the quarter that ended in Sep. 2025.
The historical rank and industry rank for Steel Partners Holdings LP's Cash-to-Debt or its related term are showing as below:
SPLP'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.92 Max: 3.86
Current: 3.86
During the past 13 years, Steel Partners Holdings LP's highest Cash to Debt Ratio was 3.86. The lowest was 0.04. And the median was 0.92.
SPLP's Cash-to-Debt is not ranked
in the Conglomerates industry.
Industry Median: 0.48
vs SPLP: 3.86
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.
Steel Partners Holdings LP Cash-to-Debt Related Terms
Steel Partners Holdings LP Cash-to-Debt Historical Data
* 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 Conglomerates subindustry, Steel Partners Holdings LP'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.
Steel Partners Holdings LP Cash-to-Debt vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Steel Partners Holdings LP's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Steel Partners Holdings LP'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.
Steel Partners Holdings LP (SPLP) has a Cash-to-Debt of 3.86 as of Sep. 2025. This is 320% above median its historical median of 0.92. Over the past decade, Steel Partners Holdings LP's Cash-to-Debt has ranged from 0.04 to 3.86.
Is Steel Partners Holdings LP's Cash-to-Debt too high?
Steel Partners Holdings LP's current Cash-to-Debt of 3.86 is 320% above median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 3.86. The Conglomerates industry median Cash-to-Debt is 0.48. Steel Partners Holdings LP's value of 3.86 is 704.2% above this industry median. Overall, Steel Partners Holdings LP has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Steel Partners Holdings LP's Cash-to-Debt compare to MATW and DLX?
Steel Partners Holdings LP's Cash-to-Debt of 3.86 can be compared against companies in the Conglomerates industry. The industry median Cash-to-Debt is 0.48. Steel Partners Holdings LP's value of 3.86 is 704.2% above this benchmark. Historically, Steel Partners Holdings LP's own Cash-to-Debt has ranged from 0.04 to 3.86 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 0.48, Steel Partners Holdings LP 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 Conglomerates company?
The median Cash-to-Debt among Conglomerates companies is 0.48, based on 553 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. Steel Partners Holdings LP's current Cash-to-Debt of 3.86 is 704.2% 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 Conglomerates industry, the median Cash-to-Debt is 0.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steel Partners Holdings LP's current Cash-to-Debt is 3.86, which is 320% above median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steel Partners Holdings LP stock overvalued right now?
Steel Partners Holdings LP (SPLP) has a current Cash-to-Debt of 3.86. The stock's GF Value™ is $51.26, compared to a current price of $50.00 — trading 2.5% below its estimated fair value. The current Cash-to-Debt is 3.86, which is 320% above median its 10-year median of 0.92 and 704.2% above the Conglomerates industry median of 0.48. Steel Partners Holdings LP's overall GF Score™ is 66/100 with 5 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 Steel Partners Holdings LP (SPLP), the current Cash-to-Debt is 3.86 as of Sep. 2025. 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 Steel Partners Holdings LP (SPLP) Overvalued in 2026?
Based on GuruFocus' analysis, Steel Partners Holdings LP stock appears to be undervalued.
The current stock price of $50.00 is trading 2.5% below its estimated GF Value™ of $51.26.
Key valuation signals for SPLP:
Cash-to-Debt: 3.86 (320% above median its 10-year median of 0.92)
GF Value™: $51.26 vs. price of $50.00 (2.5% below fair value)
Industry Position: 704.2% above the Conglomerates median
No single metric tells the full story. See the SPLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steel Partners Holdings LP operates in industrial products, energy, defense, supply chain management and logistics, banking, and youth sports industries. Its segments include the Diversified Industrial segment comprised of manufacturers of engineered niche industrial products, joining materials, tubing, building materials, performance materials etc; the Energy segment provides drilling and production services to the oil and gas industry and owns a youth sports business; the Financial Services segment consists of the operations of WebBank, a Utah chartered industrial bank, which engages in full range of banking activities; The Supply Chain segment consists of end-to-end world-wide supply; and Corporate and Other consists of equity method and other investments, and cash and cash equivalents.
66GF Score
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