Associated Capital Group (Associated Capital Group) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

AC' 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 12 years, Associated Capital Group's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

AC's Cash-to-Debt is ranked better than
99.93% of 1477 companies
in the Asset Management industry
Industry Median: 5.39 vs AC: No Debt

Associated Capital Group Cash-to-Debt Historical Data

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

Associated Capital Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Associated 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															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Asset Management subindustry, Associated 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.

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

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

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

Associated 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.

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

Associated Capital Group had no debt ⁽¹⁾.

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

Associated Capital Group had no debt ⁽¹⁾.

Associated Capital Group (NYSE:AC) 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.

Associated Capital Group Cash-to-Debt Related Terms

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Associated Capital Group (Associated Capital Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Associated Capital Group Inc (NYSE:AC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

191 Mason Street, Greenwich, CT, USA, 06830

Website

https://www.associated-capital-group.com

Associated Capital Group Inc is a diversified global financial services company. It operates in the business of alternative investment management, institutional research services, and cash and other assets through subsidiaries. The activities of its subsidiaries comprise publishing daily research notes and full reports using private market value with a catalyst methodology and also products and customized solutions utilizing private market value with catalyst method of investing.

Executives

Ian J Mcadams	officer: Interim Co-CFO	191 MASON STREET, GREENWICH CT 06830
Patrick Huvane	officer: Interim Co-CFO	780 THIRD AVENUE, 21ST FLOOR, NEW YORK NY 10017
Richard T Prins	director	C/O ASSOCIATED CAPITAL GROUP, INC., 191 MASON STREET, GREENWICH CT 06830
Peter D. Goldstein	officer: Chief Legal Officer	249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
Timothy Schott	officer: Executive VP & CFO	191 MASON STREET, GREENWICH CT 06830
Mario J Gabelli	director, 10 percent owner, officer: Chairman & CEO	191 MASON STREET, GREENWICH CT 06830
Marc Gabelli	director	401 THEODORE FREMD AVE, RYE NY 10580
Kenneth D Masiello	officer: Chief Accounting Officer	ONE CORPORATE CENTER, RYE NY 10580
Elisa M. Wilson	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Francis J Conroy	officer: Interim Chief FinancialOfficer	ONE CORPORATE CENTER, RYE NY 10580
Frederic V Salerno	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Frederick J Mancheski	10 percent owner	5400 PLANTATION ROAD, UNIT 1256, CAPTIVA FL 33924
Douglas R Jamieson	officer: President & CEO	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Agnes Mullady	officer: Executive Vice President	ONE CORPORATE CENTER, RYE NY 10580
Bruce M Lisman	director	C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403