Financial Gravity (Financial Gravity) Cash-to-Debt : 0.40 (As of Jun. 2023)

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What is Financial Gravity 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. Financial Gravity's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.40.

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, Financial Gravity couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

FGCO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.47 Max: No Debt
Current: 0.4

During the past 13 years, Financial Gravity's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.47.

FGCO's Cash-to-Debt is ranked worse than
64.87% of 558 companies
in the Diversified Financial Services industry
Industry Median: 2.565 vs FGCO: 0.40

Financial Gravity Cash-to-Debt Historical Data

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

Financial Gravity Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Cash-to-Debt

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0.03

0.36

0.45

0.36

0.55

Financial Gravity Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.24	0.55	0.55	0.35	0.40

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

For the Financial Conglomerates subindustry, Financial Gravity'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.

Financial Gravity's Cash-to-Debt Distribution in the Diversified Financial Services Industry

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

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

Financial Gravity 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.

Financial Gravity's Cash to Debt Ratio for the fiscal year that ended in Sep. 2022 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)
	=	0.2	/	(0.158	+	0.208)
	=	0.55

Financial Gravity's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	0.108	/	(0.098	+	0.172)
	=	0.40

Financial Gravity (OTCPK:FGCO) 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.

Financial Gravity Cash-to-Debt Related Terms

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

Financial Gravity (Financial Gravity) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Financial Gravity Companies Inc (OTCPK:FGCO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2501 Ranch Road 620 South, Suite 110, Lakeway, TX, USA, 78734

Website

https://www.financialgravity.com

Financial Gravity Companies Inc through its subsidiaries helps investment advisors and tax professionals expand their businesses by adding additional services, including their own multi-family office. Financial services professionals are able to leverage Financial Gravity systems, technology, proprietary resources, and deep domain expertise to provide a comprehensive financial service experience to their clients that spans proactive tax planning, retirement and estate planning, wealth management, and risk mitigation. The company's operating segments include FGCO; Forta; FGAM; FGFOS; FGIS; FGEM; and TMN.

Executives

Mark John Williams	director	26420 VIA MALLORCA, CARMEL CA 93923
William Robert Nelson	director	2501 RANCH ROAD 620 SOUTH, SUITE 110, LAKEWAY TX 78734
Gary Joel Nemer	director	800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013
Jennifer Winters	director	2501 RANCH ROAD 620 SOUTH, SUITE 110, LAKEWAY TX 78734
Scott Christopher Winters	director, officer: CEO, Co-Chairman of the Board	800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013
Paul O Williams	director, officer: Chief Financial Officer	800 N. WATTERS ROAD. SUITE 120, ALLEN TX 75013
Debra Lynn Buckner	officer: Chief Operating Officer	8505 S. COUNTRY CLUB DRIVE, OKLAHOMA CITY OK 73159
David W. Myers	director	800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013
Todd Bourgeois	director	800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013
Michael Lin Ashby	director	800 N. WATTERS RD., SUITE 150, ALLEN TX 75013
John David Pollock	director, 10 percent owner, officer: CEO	800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013
Ricky J Johnson	officer: Chief Operating Officer	800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013
George E Crumley	director	800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013
James F. Reggio	officer: CTO and Chief Mktg Officer	3607 POLO RUN DR., FLOWER MOUND TX 75028
Arthur David Crowley	director, officer: Pres. and Ch. Strategy Officer	800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013