Glennon Small (ASX:GC1PA.PFD) Cash-to-Debt

: No Debt ⁽¹⁾ (As of Dec. 2023)

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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. Glennon Small's cash to debt ratio for the quarter that ended in Dec. 2023 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, Glennon Small could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 Glennon Small's Cash-to-Debt or its related term are showing as below:

ASX:GC1PA.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.06 Med: No Debt Max: No Debt
Current: No Debt

During the past 7 years, Glennon Small's highest Cash to Debt Ratio was No Debt. The lowest was 2.06. And the median was No Debt.

ASX:GC1PA.PFD's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 5.265 vs ASX:GC1PA.PFD: No Debt

Glennon Small Cash-to-Debt Historical Data

The historical data trend for Glennon Small'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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Glennon Small Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

2.01

No Debt

Glennon Small Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt											No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison

For the Asset Management subindustry, Glennon Small'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.

Glennon Small Cash-to-Debt Distribution

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

* The bar in red indicates where Glennon Small's Cash-to-Debt falls into.

Glennon Small Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Glennon Small's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Glennon Small had no debt ⁽¹⁾.

Glennon Small's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Glennon Small had no debt ⁽¹⁾.

Glennon Small (ASX:GC1PA.PFD) 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.

Glennon Small Cash-to-Debt Related Terms

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Glennon Small (ASX:GC1PA.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Glennon Small Companies Ltd (ASX:GC1PA.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

44 Market Street, Level 26, Sydney, NSW, AUS, 2000

Website

https://www.glennonsmallcompanies.com.au

Glennon Small Companies Ltd invests in listed companies outside the S&P/ASX 100. Geographically, it operates only in Australia. It derives revenue from dividend income, interest income, and from the sale of its investments. The company strategies include Small Companies Portfolio and Absolute Return Portfolio.

Glennon Small (ASX:GC1PA.PFD) Headlines

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