ETRADE Financial (ETRADE Financial) Cash-to-Debt : 0.31 (As of Jun. 2020)

View and export this data going back to 1996. Start your Free Trial

What is E*TRADE 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. E*TRADE Financial's cash to debt ratio for the quarter that ended in Jun. 2020 was 0.31.

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, E*TRADE Financial couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2020.

The historical rank and industry rank for E*TRADE Financial's Cash-to-Debt or its related term are showing as below:

ETFC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.44 Max: No Debt
Current: 0.31

During the past 13 years, E*TRADE Financial's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 0.44.

ETFC's Cash-to-Debt is not ranked
in the Capital Markets industry.
Industry Median: 1.76 vs ETFC: 0.31

E*TRADE Financial Cash-to-Debt Historical Data

The historical data trend for E*TRADE 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.

* Premium members only.

E*TRADE Financial Cash-to-Debt Chart

E*TRADE Financial Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Cash-to-Debt

Get a 7-Day Free Trial

2.24

1.96

0.62

1.66

0.53

*ETRADE Financial Quarterly Data**
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Cash-to-Debt	Get a 7-Day Free Trial															0.22	0.35	0.53	0.78	0.31

Competitive Comparison of E*TRADE Financial's Cash-to-Debt

For the Capital Markets subindustry, E*TRADE 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.

E*TRADE Financial's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, E*TRADE Financial's Cash-to-Debt distribution charts can be found below:

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

E*TRADE 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.

E*TRADE Financial's Cash to Debt Ratio for the fiscal year that ended in Dec. 2019 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)
	=	750	/	(0	+	1410)
	=	0.53

E*TRADE Financial's Cash to Debt Ratio for the quarter that ended in Jun. 2020 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)
	=	436	/	(0	+	1412)
	=	0.31

E*TRADE Financial (NAS:ETFC) 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.

E*TRADE Financial Cash-to-Debt Related Terms

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

ETRADE Financial (ETRADE Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » E*TRADE Financial Corp (NAS:ETFC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

671 North Glebe Road, Ballston Tower, Arlington, VA, USA, 22203

Website

https://us.etrade.com

E-Trade is one of the largest direct-to-investor platforms in the United States and housed over $500 billion of invested assets and client cash at the end of 2019. The company generates interest income on noninvested cash on its platform, trading commissions, service charges including payment for order flow, and fees from stock plan administration. Almost all the company's revenue is generated within the U.S.

Executives

Richard J Carbone	director	C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR 10036-9992, NEWARK NJ 10036-9992
Joshua Weinreich	director	C/O ANJIE LAROCCA, DEUTSCHE BANK, 345 PARK AVENUE, NEW YORK NY 10154
Chad E. Turner	officer: Chief Financial Officer	11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036
Alice Milligan	officer: EVP, Chief Customer Officer	11 TIMES SQUARE 32ND FLOOR NEW YORK NY 10036
Lori Sher	officer: EVP, General Counsel	11 TIMES SQUARE 32ND FLOOR NEW YORK NY 10036
Michael Jos. Murphy	officer: Sr. MD, Retail Brokerage	11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036
Dirk W Wyckoff	officer: Principal Accounting Officer	671 N GLEBE ROAD ARLINGTON VA 22203
Donna L Weaver	director	C/O E*TRADE FINANCIAL CORP. 11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036-9992
Jaime Wallace Ellertson	director	C/O SI CORP, 3500 LENOX ROAD SUITE 200, ATLANTA GA 30326
Rodger A Lawson	director	C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR, NEW YORK NY 10036-9992
Shelley B Leibowitz	director	C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036
Rebecca Saeger	director	C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR, NEW YORK NY 10036-9992
Michael John Curcio	officer: EVP, Institutional	C/O E*TRADE FINANCIAL CORP. 11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036-9992
James Lam	director	C/O DAVIS POLK & WARDWELL LLP 450 LEXINGTON AVE NEW YORK NY 10017
Matthew Minetola	officer: Chief Information Officer	300 GALLERIA PARKWAY, NW ATLANTA GA 30339