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Galaxy Digital (TSX:GLXY) Cash-to-Debt : No Debt (1) (As of Dec. 2024)


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What is Galaxy Digital 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. Galaxy Digital's cash to debt ratio for the quarter that ended in Dec. 2024 was No Debt (1).

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, Galaxy Digital could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

(1) 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.

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

TSX:GLXY' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt

During the past 13 years, Galaxy Digital's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSX:GLXY's Cash-to-Debt is ranked better than
99.37% of 790 companies
in the Capital Markets industry
Industry Median: 2.35 vs TSX:GLXY: No Debt

Galaxy Digital Cash-to-Debt Historical Data

The historical data trend for Galaxy Digital'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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Galaxy Digital Cash-to-Debt Chart

Galaxy Digital Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A No Debt No Debt No Debt No Debt

Galaxy Digital Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Galaxy Digital's Cash-to-Debt

For the Capital Markets subindustry, Galaxy Digital'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.

Galaxy Digital's Cash-to-Debt Distribution in the Capital Markets Industry

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

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


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Galaxy Digital 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.

Galaxy Digital's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 is calculated as:

Galaxy Digital had no debt (1).

Galaxy Digital's Cash to Debt Ratio for the quarter that ended in Dec. 2024 is calculated as:

Galaxy Digital had no debt (1).

* 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.

Galaxy Digital  (TSX:GLXY) 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.

Galaxy Digital Cash-to-Debt Related Terms

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

Galaxy Digital Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Galaxy Digital Inc (TSX:GLXY) » Definitions » Cash-to-Debt
Comparable Companies
MRX CLSK HUT IREN TIGR WULF CIFR RIOT VIRT PWP MS GS SCHW HOOD SHSE:600030 ASX:MQG SHSE:601211 BSP:BPAC3 CRCL TW
Traded in Other Exchanges
GLXY:USA 0P0:Germany 0P0:Germany
Address
300 Vesey Street, New York, NY, USA, 10282
Website
https://www.galaxy.com
Galaxy Digital Inc is engaged in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Its digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. The company invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. It has three operating business segments, Digital Assets and Data Centers, along with a Treasury & Corporate segment.
Executives
Michael Ashe Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Richard Tavoso Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Bill Koutsouras Director
Erin Brown Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Christopher Charles Ferraro Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Damien Richard Paul Vanderwilt Director
Stephen S. Kurz Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Dominic Docherty Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Andrew Neal Siegel Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Samuel Eli Englebardt Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Jason Peter Urban Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Kim Maxfield Pillemer Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Gregory Wasserman Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Peter Alan Wisniewski Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Michael Edward Novogratz Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer