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. Lazard's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.55.
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, Lazard 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 Lazard's Cash-to-Debt or its related term are showing as below:
LAZ'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.55 Med: 1.23 Max: 2.03
Current: 0.55
During the past 13 years, Lazard's highest Cash to Debt Ratio was 2.03. The lowest was 0.55. And the median was 1.23.
Lazard Cash-to-Debt Historical Data
The historical data trend for Lazard'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.
|
Lazard Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Cash-to-Debt |
|
|
|
|
|
|
1.04 |
1.10 |
1.26 |
0.92 |
0.55 |
|
Lazard 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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.92 |
0.51 |
0.52 |
0.45 |
0.55 |
Competitive Comparison
For the Capital Markets subindustry, Lazard'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.
Lazard Cash-to-Debt Distribution
For the Capital Markets industry and Financial Services sector, Lazard's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Lazard's Cash-to-Debt falls into.
Lazard 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.
Lazard's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Lazard's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:
* 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.
Lazard (Lazard) Business Description
Traded in Other Exchanges
N/A
Address
2 Church Street, Clarendon House, Hamilton, BMU, HM11
Lazard has a storied history that can be traced back to 1848. The company's revenue is nearly equally split between financial advisory, such as acquisition and restructuring advisory, and asset management. The company's asset management business is primarily equities (over 80% of assets under management), has an international focus, and is geared toward institutional clients. By geography, the company earns approximately 60% of revenue in the Americas, 35% in EMEA, and 5% in Asia-Pacific. Lazard has offices across more than 20 countries and over 3,000 employees.
Executives
| Michael Gathy |
officer: Chief Accounting Officer |
C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112 |
| Christian A. Weideman |
officer: General Counsel |
C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019 |
| Alexander F. Stern |
officer: Chief Operating Officer |
C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020 |
| Mary Ann Betsch |
officer: Chief Financial Officer |
C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112 |
| Lewis William M Jr |
director |
9 WEST 57TH STREET, NEW YORK NY 10019 |
| Scott D Hoffman |
officer: General Counsel |
C/O LAZARD LLC, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020 |
| Dominick Ragone |
officer: Chief Accounting Officer |
767 5TH AVENUE, SUITE 4700, NEW YORK NY 10153 |
| Ann-kristin Achleitner |
director |
THE PRIESTLEY CENTRE, 10 PRIESTLEY RD, SURREY RESEARCH PARK, GUILDFORD, SURREY X0 GU2 7XY |
| Ashish Bhutani |
director, officer: CEO of Lazard Asset Management |
|
| Peter Richard Orszag |
officer: CEO of Financial Advisory |
30 ROCKEFELLER PLAZA, LAZARD, NEW YORK NY 10112 |
| Alexandra Soto |
officer: Exec Human Capital & Workplace |
C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112 |
| Iris Knobloch |
director |
ONE TIME WARNER CENTER, NEW YORK NY 10019 |
| Evan L Russo |
officer: Chief Financial Officer |
C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112 |
| Michelle Jarrard |
director |
C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112 |
| Sylvia Jay |
director |
30 ROCKEFELLER PLAZA, NEW YORK NY 10020 |
Lazard (Lazard) Headlines
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