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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. Upstart Holdings's cash to debt ratio for the quarter that ended in Mar. 2026 was 0.25.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Upstart Holdingscouldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for Upstart Holdings's Cash-to-Debt or its related term are showing as below:
XSWX:UPST'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: 0.48 Max: 21.58
Current: 0.25
During the past 9 years, Upstart Holdings's highest Cash to Debt Ratio was 21.58. The lowest was 0.25. And the median was 0.48.
XSWX:UPST's Cash-to-Debt is ranked better than 54.67% of 514
companies
in the Credit Services industry
Industry Median: 0.2
vs XSWX:UPST: 0.25
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.
Upstart Holdings Cash-to-Debt Related Terms
Upstart Holdings Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Upstart 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.
XSWX:UPST vs WU, AGM.A, ECPG: Cash-to-Debt Comparison
For the Credit Services subindustry, Upstart 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.
Upstart Holdings Cash-to-Debt vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Upstart Holdings's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Upstart Holdings'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.
Upstart Holdings (XSWX:UPST) has a Cash-to-Debt of 0.25 as of Mar. 2026. This is 48% below median its historical median of 0.48. Over the past decade, Upstart Holdings' Cash-to-Debt has ranged from 0.25 to 21.58. According to the industry distribution chart, Upstart Holdings ranks #233 out of 514 companies in the Credit Services industry, placing it in the top 45.3%.
Is Upstart Holdings' Cash-to-Debt too high?
Upstart Holdings' current Cash-to-Debt of 0.25 is 48% below median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 21.58. The Credit Services industry median Cash-to-Debt is 0.20. Upstart Holdings' value of 0.25 is 25% above this industry median. Based on the distribution chart, Upstart Holdings ranks #233 out of 514 companies in the Credit Services industry, which is above the industry midpoint. Overall, Upstart Holdings has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Upstart Holdings' Cash-to-Debt compare to WU and AGM.A?
According to the Credit Services industry distribution chart, Upstart Holdings ranks #233 out of 514 companies for Cash-to-Debt. This puts Upstart Holdings in the upper half of its industry. The industry median Cash-to-Debt is 0.20. Upstart Holdings' value of 0.25 is 25% above this benchmark. Historically, Upstart Holdings' own Cash-to-Debt has ranged from 0.25 to 21.58 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 0.20, Upstart Holdings 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 Credit Services company?
The median Cash-to-Debt among Credit Services companies is 0.20, based on 514 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. Upstart Holdings's current Cash-to-Debt of 0.25 is 25% 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 Credit Services industry, the median Cash-to-Debt is 0.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Upstart Holdings's current Cash-to-Debt is 0.25, which is 48% below median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Upstart Holdings stock overvalued right now?
Upstart Holdings (XSWX:UPST) has a current Cash-to-Debt of 0.25. The stock's GF Value™ is CHF51.56, compared to a current price of CHF24.46 — trading 52.6% below its estimated fair value. The current Cash-to-Debt is 0.25, which is 48% below median its 10-year median of 0.48 and 25% above the Credit Services industry median of 0.20. Upstart Holdings' overall GF Score™ is 59/100 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 Upstart Holdings (XSWX:UPST), the current Cash-to-Debt is 0.25 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 Upstart Holdings (XSWX:UPST) Overvalued in 2026?
Based on GuruFocus' analysis, Upstart Holdings stock appears to be undervalued.
The current stock price of CHF24.46 is trading 52.6% below its estimated GF Value™ of CHF51.56.
Key valuation signals for XSWX:UPST:
Cash-to-Debt: 0.25 (48% below median its 10-year median of 0.48)
GF Value™: CHF51.56 vs. price of CHF24.46 (52.6% below fair value)
Industry Position: 25% above the Credit Services median (#233 of 514)
No single metric tells the full story. See the XSWX:UPST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform. The platform aggregates consumer demand for loans and connects it to the network of Upstart AI-enabled bank partners. The company support development of different lending product offerings, which are grouped into three operating segments - Personal Lending (unsecured personal loans and small dollar loans), Auto Lending (auto refinance, auto retail loans, and auto secured personal loans), and Other (HELOCs and other).
59GF Score
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