Washington H Soul Pattinson (ASX:SOL) Cash-to-Debt : 0.74 (As of Jan. 2024)

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What is Washington H Soul Pattinson 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. Washington H Soul Pattinson's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.74.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Washington H Soul Pattinson couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

The historical rank and industry rank for Washington H Soul Pattinson's Cash-to-Debt or its related term are showing as below:

ASX:SOL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 2.16 Max: 27.35
Current: 0.74

During the past 13 years, Washington H Soul Pattinson's highest Cash to Debt Ratio was 27.35. The lowest was 0.34. And the median was 2.16.

ASX:SOL's Cash-to-Debt is ranked worse than
67.89% of 788 companies
in the Capital Markets industry
Industry Median: 1.78 vs ASX:SOL: 0.74

Washington H Soul Pattinson Cash-to-Debt Historical Data

The historical data trend for Washington H Soul Pattinson'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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Washington H Soul Pattinson Cash-to-Debt Chart

Washington H Soul Pattinson Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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0.51

0.57

0.88

1.97

3.04

Washington H Soul Pattinson Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															1.54	1.97	3.05	3.04	0.74

Competitive Comparison of Washington H Soul Pattinson's Cash-to-Debt

For the Capital Markets subindustry, Washington H Soul Pattinson'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.

Washington H Soul Pattinson's Cash-to-Debt Distribution in the Capital Markets Industry

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

* The bar in red indicates where Washington H Soul Pattinson's Cash-to-Debt falls into.

Washington H Soul Pattinson 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.

Washington H Soul Pattinson's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	1328.959	/	(232.913	+	204.022)
	=	3.04

Washington H Soul Pattinson's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	470.372	/	(154.01	+	482.712)
	=	0.74

Washington H Soul Pattinson (ASX:SOL) 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.

Washington H Soul Pattinson Cash-to-Debt Related Terms

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Washington H Soul Pattinson (ASX:SOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Washington H Soul Pattinson & Co Ltd (ASX:SOL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

WD3:Germany

Address

151 Clarence Street, Level 14, Sydney, NSW, AUS, 2000

Website

https://www.whsp.com.au

Washington H. Soul Pattinson, or Soul Patts, is a value-oriented investment house which invests in both public and private markets. As an investor, Soul Patts allocates capital with a view to taking a long-term position in its investments and on a passive basis. Long-term holdings in the group's three largest investments—TPG Telecom, Brickworks and New Hope Corporation—contribute more than half of the group's circa AUD 11 billion investment net asset value. A cross-shareholding between Soul Patts and Brickworks was established in the 1960s.