Argo Global Listed Infrastructure (ASX:ALI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Argo Global Listed Infrastructure 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. Argo Global Listed Infrastructure's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Argo Global Listed Infrastructure could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

The historical rank and industry rank for Argo Global Listed Infrastructure's Cash-to-Debt or its related term are showing as below:

ASX:ALI' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 8 years, Argo Global Listed Infrastructure's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:ALI's Cash-to-Debt is ranked better than
99.93% of 1470 companies
in the Asset Management industry
Industry Median: 5.845 vs ASX:ALI: No Debt

Argo Global Listed Infrastructure Cash-to-Debt Historical Data

The historical data trend for Argo Global Listed Infrastructure'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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Argo Global Listed Infrastructure Cash-to-Debt Chart

Argo Global Listed Infrastructure Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

Argo Global Listed Infrastructure Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Argo Global Listed Infrastructure's Cash-to-Debt

For the Asset Management subindustry, Argo Global Listed Infrastructure'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.

Argo Global Listed Infrastructure's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Argo Global Listed Infrastructure's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Argo Global Listed Infrastructure's Cash-to-Debt falls into.

Argo Global Listed Infrastructure 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.

Argo Global Listed Infrastructure's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Argo Global Listed Infrastructure had no debt ⁽¹⁾.

Argo Global Listed Infrastructure's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Argo Global Listed Infrastructure had no debt ⁽¹⁾.

Argo Global Listed Infrastructure (ASX:ALI) 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.

Argo Global Listed Infrastructure Cash-to-Debt Related Terms

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

Argo Global Listed Infrastructure (ASX:ALI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Argo Global Listed Infrastructure Ltd (ASX:ALI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

91 King William Street, Level 25, Adelaide, SA, AUS, 5000

Website

https://www.argoinfrastructure.com.au

Argo Global Listed Infrastructure Ltd is an investment company, which manages a portfolio of global listed securities in the Infrastructure sector. The business objective of the company is to provide a total return for long-term investors consisting of capital growth and dividend income, from a global listed infrastructure portfolio which can provide diversification benefits for Australian investors. The company derives its revenue from its international investment portfolio through the receipt of dividends, distributions, interest and any profits on the revaluation or sale of its investments.

Argo Global Listed Infrastructure (ASX:ALI) Headlines

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Argo Global Listed Infrastructure (ASX:ALI) Cash-to-Debt : No Debt (1) (As of Dec. 2023)