Cavendish Financial (LSE:CAV) Cash-to-Debt : 1.65 (As of Sep. 2023)

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What is Cavendish Financial 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. Cavendish Financial's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.65.

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, Cavendish Financial 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 Cavendish Financial's Cash-to-Debt or its related term are showing as below:

LSE:CAV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.73 Med: 1.78 Max: No Debt
Current: 1.65

During the past 8 years, Cavendish Financial's highest Cash to Debt Ratio was No Debt. The lowest was 0.73. And the median was 1.78.

LSE:CAV's Cash-to-Debt is ranked worse than
55.51% of 780 companies
in the Capital Markets industry
Industry Median: 2.245 vs LSE:CAV: 1.65

Cavendish Financial Cash-to-Debt Historical Data

The historical data trend for Cavendish Financial'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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Cavendish Financial Cash-to-Debt Chart

Cavendish Financial Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

6.99

12.35

1.33

1.78

0.73

Cavendish Financial Semi-Annual Data
	Apr16	Apr17	Oct17	Apr18	Oct18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial									1.54	1.78	0.96	0.73	1.65

Competitive Comparison of Cavendish Financial's Cash-to-Debt

For the Capital Markets subindustry, Cavendish Financial'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.

Cavendish Financial's Cash-to-Debt Distribution in the Capital Markets Industry

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

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

Cavendish Financial 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.

Cavendish Financial's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	9.628	/	(2.768	+	10.489)
	=	0.73

Cavendish Financial'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)
	=	17.965	/	(0.414	+	10.505)
	=	1.65

Cavendish Financial (LSE:CAV) 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.

Cavendish Financial Cash-to-Debt Related Terms

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

Cavendish Financial (LSE:CAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cavendish Financial Plc (LSE:CAV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

1 Bartholomew Close, London, GBR, EC1A 7BL

Website

https://www.finncapcavendish.com

Cavendish Financial Plc is one of the UK's leading mid-market M&A advisers with unrivalled expertise in sell-side M&A, buy-side M&A, debt advisory and private fundraising services. The Group provides a range of services to both public and private companies, from equity raising in capital markets to M&A, debt advisory, and private growth capital.

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