Robinhood Markets (Robinhood Markets) Cash-to-Debt

: 2.38 (As of Dec. 2023)

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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. Robinhood Markets's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.38.

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

HOOD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.96 Med: 2.22 Max: 4.28
Current: 2.38

During the past 5 years, Robinhood Markets's highest Cash to Debt Ratio was 4.28. The lowest was 0.96. And the median was 2.22.

HOOD's Cash-to-Debt is ranked better than
53.88% of 787 companies
in the Capital Markets industry
Industry Median: 1.74 vs HOOD: 2.38

Robinhood Markets Cash-to-Debt Historical Data

The historical data trend for Robinhood Markets'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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Robinhood Markets Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.96

1.15

2.22

4.28

2.38

Robinhood Markets Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt													4.28	2.99	2.86	2.42	2.38

Competitive Comparison

For the Capital Markets subindustry, Robinhood Markets'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.

Robinhood Markets Cash-to-Debt Distribution

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

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

Robinhood Markets 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.

Robinhood Markets'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)
	=	8442	/	(3547	+	0)
	=	2.38

Robinhood Markets'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)
	=	8442	/	(3547	+	0)
	=	2.38

Robinhood Markets (NAS:HOOD) 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.

Robinhood Markets Cash-to-Debt Related Terms

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

Robinhood Markets (Robinhood Markets) Business Description

Industry

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

Comparable Companies

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Traded in Other Exchanges

HOOD:Mexico 7KY:Germany 7KY:Germany

Address

85 Willow Road, Menlo Park, CA, USA, 94025

Website

https://www.robinhood.com

Robinhood Markets Inc is creating a modern financial services platform. It designs its own products and services and delivers them through a single, app-based cloud platform supported by proprietary technology. Its vertically integrated platform has enabled the introduction of new products and services such as cryptocurrency trading, dividend reinvestment, fractional shares, recurring investments, and IPO Access. It earns transaction-based revenues from routing user orders for options, equities, and cryptocurrencies to market makers when a routed order is executed.

Executives

Baiju Bhatt	director, 10 percent owner, officer: Chief Creative Officer	C/O ROBINHOOD MARKETS, INC., 85 WILLOW ROAD, MENLO PARK CA 94025
Vladimir Tenev	director, 10 percent owner, officer: Chief Executive Officer	C/O ROBINHOOD MARKETS, INC., 85 WILLOW ROAD, MENLO PARK CA 94025
Jason Warnick	officer: Chief Financial Officer	C/O ROBINHOOD MARKETS INC, MENLO PARK CA 94025
Gallagher Daniel Martin Jr	officer: Chief Legal Officer	C/O ROBINHOOD MARKETS, INC., 85 WILLOW ROAD, MENLO PARK CA 94025
Index Ventures Vi Parallel Entrepreneur Fund (jersey) Lp	director, 10 percent owner	NO. 1 SEATON PLACE, ST. HELIER, CHANNEL ISLANDS Y9 JE48YJ
Steven M. Quirk	officer: Chief Brokerage Officer	C/O ROBINHOOD MARKETS INC., 85 WILLOW ROAD, MENLO PARK CA 94025
Scott D Sandell	director, 10 percent owner
Florence Anthony A. Jr.	director, 10 percent owner	5425 WISCONSIN AVENUE, SUITE 800, CHEVY CHASE MD 20815
Mohamad Makhzoumi	director, 10 percent owner	2855 SAND HILL ROAD, MENLO PARK CA 94025
Meyer Malka	director	364 UNIVERSITY AVENUE, PALO ALTO CA 94301
Forest Baskett	director, 10 percent owner
Frances X Frei	director	ADVANCE AUTO PARTS, INC., 5008 AIRPORT RD, ROANOKE VA 24012
Gretchen Howard	officer: Chief Operating Officer	707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Oluwadara Johnson Treseder	director	C/O ROBINHOOD MARKETS, INC., 85 WILLOW ROAD, MENLO PARK CA 94025
Aparna Chennapragada	officer: Chief Product Officer	C/O EBAY, INC., 2025 HAMILTON AVE., SAN JOSE CA 95125