Hargreaves Lansdown (LSE:HL.) Cash-to-Debt : 53.03 (As of Dec. 2023)

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What is Hargreaves Lansdown 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. Hargreaves Lansdown's cash to debt ratio for the quarter that ended in Dec. 2023 was 53.03.

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

LSE:HL.' s Cash-to-Debt Range Over the Past 10 Years
Min: 14.54 Med: No Debt Max: No Debt
Current: 53.03

During the past 13 years, Hargreaves Lansdown's highest Cash to Debt Ratio was No Debt. The lowest was 14.54. And the median was No Debt.

LSE:HL.'s Cash-to-Debt is ranked better than
59.05% of 1475 companies
in the Asset Management industry
Industry Median: 5.53 vs LSE:HL.: 53.03

Hargreaves Lansdown Cash-to-Debt Historical Data

The historical data trend for Hargreaves Lansdown'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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Hargreaves Lansdown Cash-to-Debt Chart

Hargreaves Lansdown Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

19.94

25.48

31.02

40.86

Hargreaves Lansdown Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															23.70	31.02	30.53	40.86	53.03

Competitive Comparison of Hargreaves Lansdown's Cash-to-Debt

For the Asset Management subindustry, Hargreaves Lansdown'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.

Hargreaves Lansdown's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Hargreaves Lansdown 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.

Hargreaves Lansdown's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	498.5	/	(4.6	+	7.6)
	=	40.86

Hargreaves Lansdown'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)
	=	540.9	/	(4.4	+	5.8)
	=	53.03

Hargreaves Lansdown (LSE:HL.) 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.

Hargreaves Lansdown Cash-to-Debt Related Terms

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Hargreaves Lansdown (LSE:HL.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hargreaves Lansdown PLC (LSE:HL.) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HRGLF:USA HLl:UK DMB:Germany

Address

Anchor Road, One College Square South, Bristol, GBR, BS1 5HL

Website

https://www.hl.co.uk

Hargreaves Lansdown PLC operates a large direct-to-investor investment service in the United Kingdom built around offerings tailored to client needs. Clients can elect to hold all their funds, stocks, bonds, ETFs, and other financial instruments in a single service with various tax advantages. The company also offers portfolio rebalancing, discretionary services and managed funds, third-party services, savings management, online and apps offerings, and other retirement solutions. The company's clients mostly comprise individual investors and corporate clients. It primarily earns recurring revenue through the administration and management of assets held under its platform, and secondarily earns transactional revenue through stockbroking commissions and initial advisory fees.

Hargreaves Lansdown (LSE:HL.) Headlines

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