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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. LPL Financial Holdings's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.27.
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, LPL Financial Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.
The historical rank and industry rank for LPL Financial Holdings's Cash-to-Debt or its related term are showing as below:
During the past 13 years, LPL Financial Holdings's highest Cash to Debt Ratio was 0.42. The lowest was 0.12. And the median was 0.31.
The historical data trend for LPL Financial 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.
LPL Financial Holdings Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash-to-Debt | Get a 7-Day Free Trial | 0.23 | 0.32 | 0.17 | 0.29 | 0.12 |
LPL Financial Holdings 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 | 0.16 | 0.24 | 0.24 | 0.12 | 0.27 |
For the Capital Markets subindustry, LPL Financial 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.
For the Capital Markets industry and Financial Services sector, LPL Financial Holdings's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where LPL Financial Holdings's Cash-to-Debt falls into.
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.
LPL Financial 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) | |
= | 465.671 | / | (0 | + | 3963.053) | |
= | 0.12 |
LPL Financial Holdings's Cash to Debt Ratio for the quarter that ended in Mar. 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) | |
= | 1102.27 | / | (401 | + | 3680.077) | |
= | 0.27 |
* 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.
LPL Financial Holdings (NAS:LPLA) 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.
Thank you for viewing the detailed overview of LPL Financial Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
Sallie R. Larsen | officer: MD, Chief Human Cap. Officer | ONE BEACON STREET, 22ND FLOOR, BOSTON MA 02018 |
Aneri Jambusaria | officer: Managing Director | C/O LPL FINANCIAL HOLDINGS INC., 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121 |
Dan H. Arnold | officer: MD & Division President, FIS | C/O LPL INVESTMENT HOLDINGS INC., ONE BEACON STREET, BOSTON MA 02108 |
Richard Steinmeier | officer: Managing Director | C/O LPL FINANCIAL HOLDINGS, INC., 75 STATE STREET, 22ND FLOOR, BOSTON MA 02109 |
Althea Brown | officer: Managing Director | C/O LPL FINANCIAL HOLDINGS INC., 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121 |
Matthew Enyedi | officer: Managing Director | C/O LPL FINANCIAL HOLDINGS, INC., 75 STATE STREET, 22ND FLOOR, BOSTON MA 02109 |
Glavin William Francis Jr | director | 6803 SOUTH TUCSON WAY, CENTENNIAL CO 80112 |
Richard P Schifter | director | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Michelle Oroschakoff | officer: MD, Chief Risk Officer | 75 STATE STREET, 24TH FLOOR, BOSTON MA 02109 |
Matthew J Audette | officer: Chief Financial Officer | C/O DAVIS POLK & WARDWELL, 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
Albert J Ko | director | C/O LPL FINANCIAL HOLDINGS INC., 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121 |
Brent Simonich | officer: EVP, CAO and Treasurer | C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR, NEW YORK NY 10036-9992 |
Kabir Sethi | officer: Managing Director | C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121 |
Edward Fandrey | officer: Managing Director | C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121 |
George Burton White | officer: MD, Chief Investment Officer | ONE BEACON STREET, 22ND FLOOR, BOSTON MA 02108 |
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