Alpha Growth (LSE:ALGW) Cash-to-Debt : 42.77 (As of Dec. 2023)

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What is Alpha Growth 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. Alpha Growth's cash to debt ratio for the quarter that ended in Dec. 2023 was 42.77.

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, Alpha Growth could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

LSE:ALGW' s Cash-to-Debt Range Over the Past 10 Years
Min: 42.77 Med: No Debt Max: No Debt
Current: 42.77

During the past 7 years, Alpha Growth's highest Cash to Debt Ratio was No Debt. The lowest was 42.77. And the median was No Debt.

LSE:ALGW's Cash-to-Debt is ranked better than
58.67% of 1442 companies
in the Asset Management industry
Industry Median: 5.72 vs LSE:ALGW: 42.77

Alpha Growth Cash-to-Debt Historical Data

The historical data trend for Alpha Growth'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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Alpha Growth Cash-to-Debt Chart

Alpha Growth Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

60.23

42.77

Alpha Growth Semi-Annual Data
	Aug17	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						No Debt	792.95	60.23	0.56	42.77

Competitive Comparison of Alpha Growth's Cash-to-Debt

For the Asset Management subindustry, Alpha Growth'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.

Alpha Growth's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Alpha Growth 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.

Alpha Growth's Cash to Debt Ratio for the fiscal year 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)
	=	442.502	/	(10.175	+	0.17)
	=	42.77

Alpha Growth'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)
	=	442.502	/	(10.175	+	0.17)
	=	42.77

Alpha Growth (LSE:ALGW) 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.

Alpha Growth Cash-to-Debt Related Terms

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

Alpha Growth (LSE:ALGW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Alpha Growth PLC (LSE:ALGW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

35 Berkeley Square, Mayfair, London, GBR, W1J 5BF

Website

https://www.algwplc.com

Alpha Growth PLC is a financial advisory company that provides advice and consultancy services to existing institutional and prospective holders of Senior Life Settlements (SLS). It offers advisory services, strategies, performance monitoring, and analytical services to existing and prospective holders of SLS Assets, mainly through acquisition strategies, performance monitoring, and analytical services. The company provides advisory services to the SPVs and the corporate finance adviser engaged for the bond issue and acquisition.

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