AJ Bell (LSE:AJB) Cash-to-Debt : 11.79 (As of Sep. 2023)

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What is AJ Bell 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. AJ Bell's cash to debt ratio for the quarter that ended in Sep. 2023 was 11.79.

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, AJ Bell could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

LSE:AJB' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.29 Med: 29.19 Max: No Debt
Current: 11.79

During the past 8 years, AJ Bell's highest Cash to Debt Ratio was No Debt. The lowest was 5.29. And the median was 29.19.

LSE:AJB's Cash-to-Debt is ranked better than
54.24% of 1475 companies
in the Asset Management industry
Industry Median: 5.53 vs LSE:AJB: 11.79

AJ Bell Cash-to-Debt Historical Data

The historical data trend for AJ Bell'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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AJ Bell Cash-to-Debt Chart

AJ Bell Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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No Debt

5.29

6.03

6.02

11.79

AJ Bell Semi-Annual Data
	Sep16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial									6.03	4.98	6.02	7.58	11.79

Competitive Comparison of AJ Bell's Cash-to-Debt

For the Asset Management subindustry, AJ Bell'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.

AJ Bell's Cash-to-Debt Distribution in the Asset Management Industry

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

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

AJ Bell 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.

AJ Bell's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	146.304	/	(1.54	+	10.866)
	=	11.79

AJ Bell's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	146.304	/	(1.54	+	10.866)
	=	11.79

AJ Bell (LSE:AJB) 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.

AJ Bell Cash-to-Debt Related Terms

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AJ Bell (LSE:AJB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » AJ Bell PLC (LSE:AJB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AJBl:UK 3FY:Germany

Address

4 Exchange Quay, Salford Quays, Manchester, GBR, M5 3EE

Website

https://www.ajbell.co.uk

AJ Bell PLC is an investment platform in the United Kingdom. The company's core products are SIPPs, ISAs, and Dealing Accounts. SIPPs and ISAs, Lifetime ISA, and junior products. The company generates revenue from Recurring ad valorem which includes custody fees, interest income and investment management fees; and transactional.