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TOP Financial GroupTOP +4.85%62 Cash-to-Debt is 4.54 as of Mar. 2026, which is 96% below its 10-year median of 106.44. GuruFocus rates TOP with a GF Score™ of 62/100 and a GF Value™ of $7.64 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 798 Capital Markets companies, TOP Financial Group ranks better than 58.02% on this metric.
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. TOP Financial Group's cash to debt ratio for the quarter that ended in Mar. 2026 was 4.54.
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, TOP Financial Groupcould pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for TOP Financial Group's Cash-to-Debt or its related term are showing as below:
TOP'
s Cash-to-Debt Range Over the Past 10 Years
Min: 4.54 Med: 106.44 Max: No Debt
Current: 4.54
During the past 7 years, TOP Financial Group's highest Cash to Debt Ratio was No Debt. The lowest was 4.54. And the median was 106.44.
TOP's Cash-to-Debt is ranked better than 58.02% of 798
companies
in the Capital Markets industry
Industry Median: 2.325
vs TOP: 4.54
TOP Financial Group (NAS:TOP) 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.
TOP Financial Group Cash-to-Debt Related Terms
TOP Financial Group Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for TOP Financial Group'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.
For the Capital Markets subindustry, TOP Financial Group'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.
TOP Financial Group Cash-to-Debt vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TOP Financial Group's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where TOP Financial Group'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.
TOP Financial Group (TOP) has a Cash-to-Debt of 4.54 as of Mar. 2026. This is 96% below median its historical median of 106.44. Over the past decade, TOP Financial Group's Cash-to-Debt has ranged from 4.54 to 10,000.00. According to the industry distribution chart, TOP Financial Group ranks #335 out of 798 companies in the Capital Markets industry, placing it in the top 42%.
Is TOP Financial Group's Cash-to-Debt too high?
TOP Financial Group's current Cash-to-Debt of 4.54 is 96% below median its 10-year median of 106.44. Over the past 10 years, this metric has ranged from a low of 4.54 to a high of 10,000.00. The Capital Markets industry median Cash-to-Debt is 2.33. TOP Financial Group's value of 4.54 is 95.3% above this industry median. Based on the distribution chart, TOP Financial Group ranks #335 out of 798 companies in the Capital Markets industry, which is above the industry midpoint. Overall, TOP Financial Group has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOP Financial Group's Cash-to-Debt compare to SBET and PURR?
According to the Capital Markets industry distribution chart, TOP Financial Group ranks #335 out of 798 companies for Cash-to-Debt. This puts TOP Financial Group in the upper half of its industry. The industry median Cash-to-Debt is 2.33. TOP Financial Group's value of 4.54 is 95.3% above this benchmark. Historically, TOP Financial Group's own Cash-to-Debt has ranged from 4.54 to 10,000.00 over the past decade. While the company's 10-year median is 106.44 vs. the industry median of 2.33, TOP Financial Group 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 Capital Markets company?
The median Cash-to-Debt among Capital Markets companies is 2.33, based on 798 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. TOP Financial Group's current Cash-to-Debt of 4.54 is 95.3% 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 Capital Markets industry, the median Cash-to-Debt is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOP Financial Group's current Cash-to-Debt is 4.54, which is 96% below median its own 10-year median of 106.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOP Financial Group stock overvalued right now?
Based on GuruFocus' analysis, TOP Financial Group (TOP) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.64, compared to a current price of $11.02 — trading 44.2% above its estimated fair value. The current Cash-to-Debt is 4.54, which is 96% below median its 10-year median of 106.44 and 95.3% above the Capital Markets industry median of 2.33. TOP Financial Group's overall GF Score™ is 62/100 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 TOP Financial Group (TOP), the current Cash-to-Debt is 4.54 as of Mar. 2026. 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 TOP Financial Group (TOP) Overvalued in 2026?
Based on GuruFocus' analysis, TOP Financial Group stock appears to be overvalued.
The current stock price of $11.02 is trading 44.2% above its estimated GF Value™ of $7.64.
GuruFocus considers TOP Financial Group to be Significantly Overvalued.
Key valuation signals for TOP:
Cash-to-Debt: 4.54 (96% below median its 10-year median of 106.44)
GF Value™: $7.64 vs. price of $11.02 (44.2% above fair value)
Industry Position: 95.3% above the Capital Markets median (#335 of 798)
No single metric tells the full story. See the TOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOP Financial Group Ltd is an online brokerage firm in Hong Kong specializing in trading local and overseas equities, futures, and options products. The Company generates brokerage commission income by enabling its customers to trade on multiple exchanges present globally. The company operates in only one segment which is the futures brokerage service.
62GF Score
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