Spheria Emerging Co (ASX:SEC) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Spheria Emerging Co 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. Spheria Emerging Co's cash to debt ratio for the quarter that ended in Jun. 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, Spheria Emerging Co could pay off its debt using the cash in hand for the quarter that ended in Jun. 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 Spheria Emerging Co's Cash-to-Debt or its related term are showing as below:

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

During the past 3 years, Spheria Emerging Co's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:SEC's Cash-to-Debt is ranked better than
99.93% of 1475 companies
in the Asset Management industry
Industry Median: 5.5 vs ASX:SEC: No Debt

Spheria Emerging Co Cash-to-Debt Historical Data

The historical data trend for Spheria Emerging Co'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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Spheria Emerging Co Cash-to-Debt Chart

Spheria Emerging Co Annual Data

Trend

Aug17

Jun18

Jun23

Cash-to-Debt

No Debt

Spheria Emerging Co Semi-Annual Data
	Aug17	Jun23
Cash-to-Debt	No Debt	No Debt

Competitive Comparison of Spheria Emerging Co's Cash-to-Debt

For the Asset Management subindustry, Spheria Emerging Co'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.

Spheria Emerging Co's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Spheria Emerging Co's Cash-to-Debt falls into.

Spheria Emerging Co 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.

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

Spheria Emerging Co had no debt ⁽¹⁾.

Spheria Emerging Co's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Spheria Emerging Co had no debt ⁽¹⁾.

Spheria Emerging Co (ASX:SEC) 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.

Spheria Emerging Co Cash-to-Debt Related Terms

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

Spheria Emerging Co (ASX:SEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Spheria Emerging Co Ltd (ASX:SEC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

264 George Street, Level 25, Sydney, NSW, AUS, 2000

Website

http://www.spheria.com.au

Spheria Emerging Co Ltd is an investment management company focus specializing in small and microcap companies. The company's investment objective is to provide total returns over the Benchmark; and capital growth, over each full investment cycle. the company operates in a single segment which is investment activities & Geographically it operates from Australia only.

Spheria Emerging Co (ASX:SEC) Headlines

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Spheria Emerging Co (ASX:SEC) Cash-to-Debt : No Debt (1) (As of Jun. 2023)