GlassBridge Enterprises (GlassBridge Enterprises) Cash-to-Debt

: 1.63 (As of Sep. 2023)

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

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. GlassBridge Enterprises's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.63.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, GlassBridge Enterprises could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for GlassBridge Enterprises's Cash-to-Debt or its related term are showing as below:

GLAE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 3.11 Max: No Debt
Current: 1.63

During the past 13 years, GlassBridge Enterprises's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 3.11.

GLAE's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 5.3 vs GLAE: 1.63

GlassBridge Enterprises Cash-to-Debt Historical Data

The historical data trend for GlassBridge Enterprises'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.

GlassBridge Enterprises Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

0.21

0.14

0.05

1.21

0.32

GlassBridge Enterprises Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt																0.50	0.32	0.16	0.05	1.63

Competitive Comparison

For the Asset Management subindustry, GlassBridge Enterprises'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.

GlassBridge Enterprises Cash-to-Debt Distribution

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

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

GlassBridge Enterprises 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.

GlassBridge Enterprises's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	1.2	/	(0	+	3.7)
	=	0.32

GlassBridge Enterprises's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	3.1	/	(0	+	1.9)
	=	1.63

GlassBridge Enterprises (OTCPK:GLAE) 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.

GlassBridge Enterprises Cash-to-Debt Related Terms

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

GlassBridge Enterprises (GlassBridge Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GlassBridge Enterprises Inc (OTCPK:GLAE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 East 50th Street, FL7, New York, NY, USA, 10022

Website

https://www.glassbridge.com

GlassBridge Enterprises Inc is a holding company in the United States. It is involved in the asset management business that comprises investment advisory services to third-party investors through managed funds, as well as separately managed accounts. The firm operates in two segments: Asset Management Business, through AAM, and a sports investment platform, through SportBLX-both owned by Adara.

Executives

Tacora Capital Lp	10 percent owner	2505 PECOS STREET, AUSTIN TX 78703
Keri Findley	director, 10 percent owner	214 BRAZILIAN AVENUE, SUITE 200-A, PALM BEACH FL 33480
Claire Councill	director	214 BRAZILIAN AVENUE, SUITE 200-A, PALM BEACH FL 33480
Clinton Group Inc	director, other: See remarks	510 MADISON AVE, 8TH FL, NEW YORK NY 10022
Robert Searing	director	19 DUCHARME LANE, GREENLAWN NY 11740
George E. Hall	director	C/O CLINTON GROUP INC, 510 MADISON AVE., 8TH FLOOR, NEW YORK NY 10022
De Perio Joseph A	director	C/O OVERLAND STORAGE, INC., 9112 SPECTRUM CENTER BLVD, SAN DIEGO CA 92123
Danny Zheng	officer: Chief Financial Officer	1099 HELMO AVE. N., SUITE 250, OAKDALE MN 55128
Daniel Strauss	officer: Chief Operating Officer	C/O CLINTON GROUP, INC, 9 WEST 57TH STREET, NEW YORK NY 10019
Robert G Torricelli	director	1099 HELMO AVE., N., SUITE 250, OAKDALE MN 55128
Tavis J. Morello	officer: General Counsel	1099 HELMO AVE., N., SUITE 250, OAKDALE MN 55128
Clinton Special Opportunities Master Fund Ltd.	director, other: See remarks	C/O CLINTON GROUP INC., 510 MADISON AVE, 8TH FL, NEW YORK NY 10022
Alex Spiro	director	25 TUDOR CITY PLACE APT 1011, NEW YORK NY 10017
Donald H Putnam	director
Tracy B Mckibben	director	100 RIVERSIDE BOULEVARD, #3S, NEW YORK NY 10069