FactSet Research Systems (FactSet Research Systems) Cash-to-Debt : 0.26 (As of Feb. 2024)

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What is FactSet Research Systems 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. FactSet Research Systems's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.26.

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, FactSet Research Systems couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

FDS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.54 Max: No Debt
Current: 0.26

During the past 13 years, FactSet Research Systems's highest Cash to Debt Ratio was No Debt. The lowest was 0.23. And the median was 0.54.

FDS's Cash-to-Debt is ranked worse than
81.37% of 789 companies
in the Capital Markets industry
Industry Median: 1.76 vs FDS: 0.26

FactSet Research Systems Cash-to-Debt Historical Data

The historical data trend for FactSet Research Systems'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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FactSet Research Systems Cash-to-Debt Chart

FactSet Research Systems Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

Get a 7-Day Free Trial

0.67

0.69

0.83

0.24

0.25

FactSet Research Systems Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.24	0.27	0.25	0.25	0.26

Competitive Comparison of FactSet Research Systems's Cash-to-Debt

For the Financial Data & Stock Exchanges subindustry, FactSet Research Systems'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.

FactSet Research Systems's Cash-to-Debt Distribution in the Capital Markets Industry

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

* The bar in red indicates where FactSet Research Systems's Cash-to-Debt falls into.

FactSet Research Systems 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.

FactSet Research Systems's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	457.654	/	(28.839	+	1811.082)
	=	0.25

FactSet Research Systems's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	450.227	/	(28.965	+	1675.247)
	=	0.26

FactSet Research Systems (NYSE:FDS) 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.

FactSet Research Systems Cash-to-Debt Related Terms

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

FactSet Research Systems (FactSet Research Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » FactSet Research Systems Inc (NYSE:FDS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FDS:Mexico FA1:Germany

Address

45 Glover Avenue, 7th Floor, Norwalk, CT, USA, 06850

Website

https://www.factset.com

FactSet provides financial data and portfolio analytics to the Global investment community. The company aggregates data from third-party data suppliers, news sources, exchanges, brokerages, and contributors into its workstations. In addition, it provides essential portfolio analytics that companies use to monitor portfolios and address reporting requirements. Buy-side clients account for 82% of FactSet's annual subscription value. In 2015, the company acquired Portware, a provider of trade execution software. In 2017, it acquired BISAM, a risk management and performance measurement provider. In 2022, it completed its purchase of CUSIP Global Services.

Executives

Frederick Philip Snow	director, officer: Chief Executive Officer	45 GLOVER AVENUE, NORWALK CT 06850
Laurie Siegel	director	C/O VOLT INFORMATION SCIENCES, INC., 1133 AVENUE OF THE AMERICAS, 15TH FLOOR, NEW YORK NY 10036
Katherine M Stepp	officer: Chief Technology Officer (CTO)	FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Rachel Rebecca Stern	officer: EVP, Chief Legal Officer	45 GLOVER AVENUE, NORWALK CT 06850
Robert J. Robie	officer: EVP, Head of Trading&Analytics	45 GLOVER AVENUE, NORWALK CT 06850
Christopher R Ellis	officer: EVP, Initiatives & P'ships	FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Malcolm Frank	director	FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Goran Skoko	officer: EVP, Wealth Solutions	45 GLOVER AVENUE, NORWALK CT 06850
Kristina W Karnovsky	officer: EVP, Chief Product Officer	45 GLOVER AVENUE, NORWALK CT 06850
John Costigan	officer: Chief Content Officer	FACTSET RESEARCH SYSTEMS, 45 GLOVER AVENUE, NORWALK CT 06850
Catrina Harding	officer: Chief People Officer	FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Jonathan Reeve	officer: EVP, Senior Head of CTS	601 MAIN AVENUE, NORWALK CT 06851
Shlomo Elisha Wiesel	director	FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Sheila B Jordan	director	601 MERRITT 7, NORWALK CT 06851
Joseph Zimmel	director	601 MERRITT 7, NORWALK CT 06851