ArrowMark Financial (ArrowMark Financial) Cash-to-Debt : 0.01 (As of Dec. 2023)

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What is ArrowMark Financial 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. ArrowMark Financial's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.01.

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

BANX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.48
Current: 0.01

During the past 11 years, ArrowMark Financial's highest Cash to Debt Ratio was 0.48. The lowest was 0.00. And the median was 0.03.

BANX's Cash-to-Debt is ranked worse than
96.32% of 1468 companies
in the Asset Management industry
Industry Median: 5.66 vs BANX: 0.01

ArrowMark Financial Cash-to-Debt Historical Data

The historical data trend for ArrowMark Financial'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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ArrowMark Financial Cash-to-Debt Chart

ArrowMark Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.05

0.01

ArrowMark Financial Quarterly Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															-	0.09	0.01	-	0.01

Competitive Comparison of ArrowMark Financial's Cash-to-Debt

For the Asset Management subindustry, ArrowMark Financial'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.

ArrowMark Financial's Cash-to-Debt Distribution in the Asset Management Industry

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

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

ArrowMark Financial 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.

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

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.443	/	(0	+	45)
	=	0.01

ArrowMark Financial's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.443	/	(0	+	45)
	=	0.01

ArrowMark Financial (NAS:BANX) 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.

ArrowMark Financial Cash-to-Debt Related Terms

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

ArrowMark Financial (ArrowMark Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ArrowMark Financial Corp (NAS:BANX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Fillmore Street, Suite 325, Denver, CO, USA, 80206

Website

https://www.stonecastle-financial.com

ArrowMark Financial Corp is a non-diversified, closed-end management investment company. Its objective is to provide stockholders with current income, and to a lesser extent capital appreciation. The company's investment in various portfolios such as debt securities, trust preferred securities, preferred shares of credit securitization, preferred securities, convertible preferred stock, exchange-traded fund, limited partnership interest, and money market fund.

Executives

John Scott Emrich	director	C/O DESTRA CAPITAL ADVISORS LLC, 444 WEST LAKE STREET, SUITE 1700, CHICAGO IL 60606-0070
Dana Staggs	officer: President	C/O ARROWMARK FINANCIAL CORP., 340 MADISON AVENUE, 22ND FLOOR, NEW YORK NY 10173
Guy M Arnold	director	518 17TH STREET, STE 1700, DENVER CO 80202
Patrick Joseph Farrell	officer: Chief Financial Officer	152 WEST 57TH STREET, NEW YORK NY 10019
Sanjai Bhonsle	director, officer: CEO	C/O STONECASTLE FINANCIAL CORP., 152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Richard Allen Grove	officer: Chief Compliance Officer	518 17TH STREET, 17TH FLOOR, DENVER CO 80202
Michael Stolper	director	C/O STONECASTLE FINANCIAL CORP., 152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Karen Reidy	director	C/O STONECASTLE FINANCIAL CORP., 152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Praag Michael Van	director	C/O STONECASTLE FINANCIAL CORP., 152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
S David Lentinello	officer: Controller	152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Joshua S. Siegel	director, 10 percent owner, officer: Chief Executive Officer	152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Clara Miller	director	STONECASTLE FINANCIAL CORP, 152 WEST 57TH STREET, 35TH FL., NEW YORK NY 10019
George Shilowitz	director, 10 percent owner, officer: President	152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Emil Henry	director	HENRY, TIGER LLC, 717 5TH AVE, FLOOR 12-A, NEW YORK NY 10022
Rachel Schatten	officer: See Remarks	152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019