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. NewtekOne's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.18.
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, NewtekOne couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.
The historical rank and industry rank for NewtekOne's Cash-to-Debt or its related term are showing as below:
NEWT'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.18 Max: 0.98
Current: 0.18
During the past 13 years, NewtekOne's highest Cash to Debt Ratio was 0.98. The lowest was 0.00. And the median was 0.18.
NEWT's Cash-to-Debt is ranked worse than 88.76% of 1415
companies
in the Banks industry
Industry Median: 1.28
vs NEWT: 0.18
NewtekOne Cash-to-Debt Historical Data
The historical data trend for NewtekOne'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.
* Premium members only.
NewtekOne Annual Data
Trend
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Cash-to-Debt
0.01
-
0.01
0.01
0.10
NewtekOne Quarterly Data
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Cash-to-Debt
0.01
0.01
0.01
0.10
0.18
Competitive Comparison
For the Banks - Regional subindustry, NewtekOne'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.
NewtekOne Cash-to-Debt Distribution
For the Banks industry and Financial Services sector, NewtekOne's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where NewtekOne's Cash-to-Debt falls in comparison to its industry or sector. The grey bar indicates the Cash-to-Debt's extreme value range as defined by GuruFocus.
* 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.
NewtekOne (NAS:NEWT) 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.
NewtekOne Cash-to-Debt Related Terms
Thank you for viewing the detailed overview of NewtekOne's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
NewtekOne Inc, formerly Newtek Business Services Corp is a non-diversified closed-end management investment company. The firm's investment objective is to generate current income and capital appreciation. The company provides business solutions that are designed to help organizations to grow sales, reduce costs, and minimize risk. Its solutions include web design, domains, hosting, website security, and others.
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