NGE Capital (ASX:NGE) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2024)

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What is NGE Capital 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. NGE Capital's cash to debt ratio for the quarter that ended in Dec. 2024 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, NGE Capital could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

ASX:NGE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.85 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, NGE Capital's highest Cash to Debt Ratio was No Debt. The lowest was 0.85. And the median was No Debt.

ASX:NGE's Cash-to-Debt is ranked better than
99.73% of 1463 companies
in the Asset Management industry
Industry Median: 5.79 vs ASX:NGE: No Debt

NGE Capital Cash-to-Debt Historical Data

The historical data trend for NGE Capital'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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NGE Capital Cash-to-Debt Chart

NGE Capital Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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256.56

200.64

487.36

No Debt

NGE Capital Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															487.36	1,464.50	No Debt	No Debt	No Debt

Competitive Comparison of NGE Capital's Cash-to-Debt

For the Asset Management subindustry, NGE Capital'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.

NGE Capital's Cash-to-Debt Distribution in the Asset Management Industry

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

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

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NGE Capital 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.

NGE Capital's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 is calculated as:

NGE Capital had no debt ⁽¹⁾.

NGE Capital's Cash to Debt Ratio for the quarter that ended in Dec. 2024 is calculated as:

NGE Capital had no debt ⁽¹⁾.

NGE Capital (ASX:NGE) 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.

NGE Capital Cash-to-Debt Related Terms

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

NGE Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » NGE Capital Ltd (ASX:NGE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Albert Road, Level 4, South Melbourne, Melbourne, VIC, AUS, 3205

Website

https://www.ngecapital.com.au

NGE Capital Ltd is an internally managed investment company. The principal activity of the company is to allow investors to gain exposure to a concentrated, high-conviction, actively managed portfolio of financial assets. The company's focuses on risk-adjusted returns over the medium to long term. The company is solely engaged in investment activities.

NGE Capital Headlines

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NGE Capital (ASX:NGE) Cash-to-Debt : No Debt (1) (As of Dec. 2024)