StepStone Group (StepStone Group) Cash-to-Debt : 0.72 (As of Dec. 2023)

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What is StepStone 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. StepStone Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.72.

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

STEP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 0.73 Max: No Debt
Current: 0.72

During the past 6 years, StepStone Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.28. And the median was 0.73.

STEP's Cash-to-Debt is ranked worse than
62.98% of 1475 companies
in the Asset Management industry
Industry Median: 5.5 vs STEP: 0.72

StepStone Group Cash-to-Debt Historical Data

The historical data trend for StepStone 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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StepStone Group Cash-to-Debt Chart

StepStone Group Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.28

0.63

No Debt

0.87

0.59

StepStone 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															0.68	0.59	0.59	0.73	0.72

Competitive Comparison of StepStone Group's Cash-to-Debt

For the Asset Management subindustry, StepStone 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.

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

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

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

StepStone 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.

StepStone Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	128.562	/	(98.351	+	121.224)
	=	0.59

StepStone Group'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)
	=	173.559	/	(0	+	242.147)
	=	0.72

StepStone Group (NAS:STEP) 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.

StepStone Group Cash-to-Debt Related Terms

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StepStone Group (StepStone Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » StepStone Group Inc (NAS:STEP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

STEP:Mexico

Address

450 Lexington Avenue, 31st Floor, New York, NY, USA, 10017

Website

https://www.stepstonegroup.com

StepStone Group Inc is a private market investment firm. The company provides customized investment solutions and advisory and data services. It provides investment solutions in the areas of private equity, real estate, private debt, and infrastructure and real assets. The Company consists of a single operating segment and single reportable segment for accounting and financial reporting purposes.

Executives

James Lim	10 percent owner	100 PAINTERS MILL ROAD, SUITE 700, OWINGS MILLS MD 21117
David Y Park	officer: Chief Accounting Officer	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Jason P Ment	officer: See Remarks	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Michael I Mccabe	officer: Head of Strategy	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Thomas Keck	director, other: See Remarks	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Argonaut Private Equity, L.l.c.	10 percent owner	6733 S. YALE AVE., TULSA OK 74136
Monte M Brem	director, officer: See Remarks	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Johnny D Randel	officer: Chief Financial Officer	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Scott W Hart	officer: Co-Chief Executive Officer	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Robert Waldo	director, 10 percent owner	6733 S. YALE AVE., TULSA, OK 74136
Steven R Mitchell	director, 10 percent owner	C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532
Valerie Gay Brown	director	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Jose A Fernandez	officer: Co-Chief Operating Officer	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Mark Maruszewski	director, other: See Remarks	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
David Jeffrey	other: See Remarks	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017