Netwealth Group (ASX:NWL) Cash-to-Debt : 7.34 (As of Dec. 2023)

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What is Netwealth Group 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. Netwealth Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 7.34.

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, Netwealth Group 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 Netwealth Group's Cash-to-Debt or its related term are showing as below:

ASX:NWL' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.96 Med: 16.86 Max: No Debt
Current: 7.34

During the past 6 years, Netwealth Group's highest Cash to Debt Ratio was No Debt. The lowest was 4.96. And the median was 16.86.

ASX:NWL's Cash-to-Debt is ranked better than
65.53% of 789 companies
in the Capital Markets industry
Industry Median: 1.76 vs ASX:NWL: 7.34

Netwealth Group Cash-to-Debt Historical Data

The historical data trend for Netwealth 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.

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Netwealth Group Cash-to-Debt Chart

Netwealth Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

16.86

4.96

5.86

8.06

Netwealth Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								5.43	5.86	6.89	8.06	7.34

Competitive Comparison of Netwealth Group's Cash-to-Debt

For the Capital Markets subindustry, Netwealth 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.

Netwealth Group's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Netwealth Group's Cash-to-Debt distribution charts can be found below:

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

Netwealth Group 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.

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

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	109.482	/	(1.437	+	12.149)
	=	8.06

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

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	115.733	/	(1.698	+	14.074)
	=	7.34

Netwealth Group (ASX:NWL) 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.

Netwealth Group Cash-to-Debt Related Terms

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

Netwealth Group (ASX:NWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Netwealth Group Ltd (ASX:NWL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 Flinders Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.netwealth.com.au

Netwealth provides cloud-based investment administration software as a service, or SaaS, in Australia via its proprietary platform. Netwealth's platform provides portfolio administration, investment management tools, and investment and managed account services to financial intermediaries and directly to clients. The company charges SaaS fees based on funds under administration and management on its platform. Netwealth also offers Netwealth-branded investment products on its platform which are managed by third-party investment managers.