MarketAxess Holdings (MarketAxess Holdings) Cash-to-Debt : 6.56 (As of Dec. 2023)

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What is MarketAxess Holdings 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. MarketAxess Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 6.56.

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

MKTX' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.99 Med: 5003.28 Max: No Debt
Current: 6.56

During the past 13 years, MarketAxess Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 3.99. And the median was 5003.28.

MKTX's Cash-to-Debt is ranked better than
64.21% of 788 companies
in the Capital Markets industry
Industry Median: 1.825 vs MKTX: 6.56

MarketAxess Holdings Cash-to-Debt Historical Data

The historical data trend for MarketAxess Holdings'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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MarketAxess Holdings Cash-to-Debt Chart

MarketAxess Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.99

5.12

5.86

5.62

6.56

MarketAxess Holdings 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	Get a 7-Day Free Trial															5.62	4.59	5.21	5.55	6.56

Competitive Comparison of MarketAxess Holdings's Cash-to-Debt

For the Capital Markets subindustry, MarketAxess Holdings'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.

MarketAxess Holdings's Cash-to-Debt Distribution in the Capital Markets Industry

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

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

MarketAxess Holdings 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.

MarketAxess Holdings'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)
	=	522.248	/	(0	+	79.677)
	=	6.55

MarketAxess Holdings'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)
	=	522.248	/	(0	+	79.677)
	=	6.55

MarketAxess Holdings (NAS:MKTX) 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.

MarketAxess Holdings Cash-to-Debt Related Terms

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

MarketAxess Holdings (MarketAxess Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » MarketAxess Holdings Inc (NAS:MKTX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MWI:Germany MWI:Germany M1KT34:Brazil

Address

55 Hudson Yards, 15th Floor, New York, NY, USA, 10001

Website

https://www.marketaxess.com

Founded in 2000, MarketAxess is a leading electronic fixed-income trading platform that connects broker/dealers and institutional investors. The company is primarily focused on credit based fixed income securities with its main trading products being U.S. investment-grade and high-yield bonds, Eurobonds, and Emerging Market corporate debt. Recently the company has expanded more aggressively into Treasuries and municipal bonds with the acquisitions of LiquidityEdge and MuniBrokers in 2019 and 2021, respectively. The company also provides pre- and post-trade services with its acquisition of Regulatory Reporting Hub from Deutsche Börse Group in 2020 adding to its product offerings.

Executives

Kevin M Mcpherson	officer: Global Head of Sales	C/O MARKETAXESS HOLDINGS INC., 299 PARK AVENUE, NEW YORK NY 10171
Christopher R Concannon	director, officer: President and COO	BATS GLOBAL MARKETS, 8050 MARSHALL DRIVE, SUITE 120, LENEXA KS 66214
Scott Pintoff	officer: General Counsel	C/O MARKETAXESS HOLDINGS, INC., 55 HUDSON YARDS, FLOOR 15, NEW YORK NY 10001
Roupie Christophe Pierre Daniel	officer: Head of Europe & Asia	C/O MARKETAXESS HOLDINGS INC., 299 PARK AVENUE, NEW YORK NY 10171
Steven L Begleiter	director	650 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10022
Richard Leon Prager	director	C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, 15TH FLOOR, NEW YORK NY 10001
Nicholas Themelis	officer: Chief Information Officer	C/O MARKETAXESS HOLDINGS INC., 140 BROADWAY, 42ND FLOOR, NEW YORK NY 10005
Naineshkumar Shantilal Panchal	officer: Chief Information Officer	C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, NEW YORK NY 10001
Antonio L Delise	officer: Chief Financial Officer	C/O MARKETAXESS HOLDINGS, INC., 299 PARK AVENUE, NEW YORK NY 10171
Richard M Mcvey	director, officer: Chairman and CEO	C/O MARKETAXESS HOLDINGS INC., 140 BROADWAY, 42ND FLOOR, NEW YORK NY 10005
Christopher N. Gerosa	officer: Chief Financial Officer	C/O PRIMUS ASSET MANAGEMENT, INC., 360 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10017
Xiaojia Charles Li	director	C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, NEW YORK NY 10001
Stephen P Casper	director	C/O CHARTER ATLANTIC CORPORATION, 200 PARK AVENUE, NEW YORK NY 10166
Kourtney Gibson	director	C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, 15TH FLOOR, NEW YORK NY 10001
Justin Gerald Gmelich	director	C/O MARKETAXESS HOLDINGS INC., 55 HUDSON YARDS, 15TH FLOOR, NEW YORK NY 10001