Raymond James Financial (LTS:0KU1) Cash-to-Debt : 3.25 (As of Dec. 2023)

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What is Raymond James 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. Raymond James Financial's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.25.

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

LTS:0KU1' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.72 Med: 1.6 Max: 3.63
Current: 3.25

During the past 13 years, Raymond James Financial's highest Cash to Debt Ratio was 3.63. The lowest was 0.72. And the median was 1.60.

LTS:0KU1's Cash-to-Debt is ranked better than
57.72% of 790 companies
in the Capital Markets industry
Industry Median: 1.78 vs LTS:0KU1: 3.25

Raymond James Financial Cash-to-Debt Historical Data

The historical data trend for Raymond James 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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Raymond James Financial Cash-to-Debt Chart

Raymond James Financial Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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1.62

1.84

2.49

1.86

2.97

Raymond James Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															2.35	2.67	2.97	3.25	N/A

Competitive Comparison of Raymond James Financial's Cash-to-Debt

For the Capital Markets subindustry, Raymond James 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.

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

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

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

Raymond James Financial Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Raymond James Financial's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	9313	/	(0	+	3139)
	=	2.97

Raymond James Financial's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	10206	/	(0	+	3138)
	=	3.25

Raymond James Financial (LTS:0KU1) 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.

Raymond James Financial Cash-to-Debt Related Terms

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Raymond James Financial (LTS:0KU1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Raymond James Financial Inc (LTS:0KU1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RJF:USA RJF:Germany R1JF34:Brazil

Address

880 Carillon Parkway, Saint Petersburg, FL, USA, 33716

Website

https://www.raymondjames.com

Raymond James Financial is a financial holding company whose major operations include wealth management, investment banking, asset management, and commercial banking. The company supports more than 8,000 employee and independent contractor financial advisors across the United States, Canada, and the United Kingdom with over $1.2 trillion of assets under administration as of September 2023. Approximately 90% of the company's revenue is from the U.S. and 70% is from the company's wealth-management segment.

Raymond James Financial (LTS:0KU1) Headlines

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