Altshuler Shaham Financial (XTAE:ALTF) Cash-to-Debt : 1.15 (As of Dec. 2023)

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What is Altshuler Shaham Financial 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. Altshuler Shaham Financial's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.15.

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, Altshuler Shaham Financial could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XTAE:ALTF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.89 Med: 4.2 Max: No Debt
Current: 1.15

During the past 8 years, Altshuler Shaham Financial's highest Cash to Debt Ratio was No Debt. The lowest was 0.89. And the median was 4.20.

XTAE:ALTF's Cash-to-Debt is ranked worse than
59.44% of 1467 companies
in the Asset Management industry
Industry Median: 5.65 vs XTAE:ALTF: 1.15

Altshuler Shaham Financial Cash-to-Debt Historical Data

The historical data trend for Altshuler Shaham Financial'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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Altshuler Shaham Financial Cash-to-Debt Chart

Altshuler Shaham Financial Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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4.20

9.12

4.15

0.89

1.15

Altshuler Shaham Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.89	1.19	0.81	0.59	1.15

Competitive Comparison of Altshuler Shaham Financial's Cash-to-Debt

For the Asset Management subindustry, Altshuler Shaham Financial'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.

Altshuler Shaham Financial's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Altshuler Shaham Financial 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.

Altshuler Shaham Financial's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 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)
	=	115.856	/	(18.398	+	82.229)
	=	1.15

Altshuler Shaham Financial's Cash to Debt Ratio for the quarter that ended in Dec. 2023 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)
	=	115.856	/	(18.398	+	82.229)
	=	1.15

Altshuler Shaham Financial (XTAE:ALTF) 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.

Altshuler Shaham Financial Cash-to-Debt Related Terms

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

Altshuler Shaham Financial (XTAE:ALTF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Altshuler Shaham Financial Ltd (XTAE:ALTF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

19A Habarzel Street, Ramat Hachayal, Tel Aviv, ISR, 6971026

Website

https://www.as-invest.co.il

Altshuler Shaham Financial Ltd is a manager of provident funds, study and pension funds. It holds a permit to operate provident funds for savings, provident pay and severance pay, central severance pay funds, study funds, central sick pay provident fund, a central provident fund for budgetary pension participation, investment provident funds, and investment provident funds - long-term savings for children (with multiple tracks). The company has two operating segments: The pension fund segment and the Provident fund segment.

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