Guardian Capital Group (Guardian Capital Group) Cash-to-Debt : 0.88 (As of Dec. 2023)

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What is Guardian Capital 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. Guardian Capital Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.88.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Guardian Capital Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Guardian Capital Group's Cash-to-Debt or its related term are showing as below:

GCAAF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.68 Med: 1.06 Max: 2.46
Current: 0.88

During the past 13 years, Guardian Capital Group's highest Cash to Debt Ratio was 2.46. The lowest was 0.68. And the median was 1.06.

GCAAF's Cash-to-Debt is ranked worse than
61.56% of 1475 companies
in the Asset Management industry
Industry Median: 5.53 vs GCAAF: 0.88

Guardian Capital Group Cash-to-Debt Historical Data

The historical data trend for Guardian Capital 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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Guardian Capital Group Cash-to-Debt Chart

Guardian Capital Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.10

0.78

1.02

0.78

0.88

Guardian Capital Group 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															0.78	0.97	0.94	1.26	0.88

Competitive Comparison of Guardian Capital Group's Cash-to-Debt

For the Asset Management subindustry, Guardian Capital 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.

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

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

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

Guardian Capital Group 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.

Guardian Capital Group'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)
	=	103.851	/	(103.763	+	14.491)
	=	0.88

Guardian Capital Group'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)
	=	103.851	/	(103.763	+	14.491)
	=	0.88

Guardian Capital Group (OTCPK:GCAAF) 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.

Guardian Capital Group Cash-to-Debt Related Terms

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Guardian Capital Group (Guardian Capital Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Guardian Capital Group Ltd (OTCPK:GCAAF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GCG.A:Canada GCG:Canada

Address

Commerce Court West, Suite 3100, P.O. Box 201, Toronto, ON, CAN, M5L 1E8

Website

https://www.guardiancapital.com

Guardian Capital Group Ltd is a diversified financial services company. It operates in three reportable segment Investment Management, Wealth Management, and Corporate Activities and Investments. The majority of revenue is derived from the Investment Management segment, which primarily involves earning management fees relating to investment management services provided to clients.