TD Ameritrade Holding (TD Ameritrade Holding) Cash-to-Debt : 2.31 (As of Jun. 2020)

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What is TD Ameritrade Holding 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. TD Ameritrade Holding's cash to debt ratio for the quarter that ended in Jun. 2020 was 2.31.

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, TD Ameritrade Holding could pay off its debt using the cash in hand for the quarter that ended in Jun. 2020.

The historical rank and industry rank for TD Ameritrade Holding's Cash-to-Debt or its related term are showing as below:

AMTD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 1.44 Max: No Debt
Current: 2.31

During the past 13 years, TD Ameritrade Holding's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 1.44.

AMTD's Cash-to-Debt is not ranked
in the Capital Markets industry.
Industry Median: 1.76 vs AMTD: 2.31

TD Ameritrade Holding Cash-to-Debt Historical Data

The historical data trend for TD Ameritrade Holding'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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TD Ameritrade Holding Cash-to-Debt Chart

TD Ameritrade Holding Annual Data

Trend

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Cash-to-Debt

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1.62

1.49

2.09

1.58

1.48

TD Ameritrade Holding Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Cash-to-Debt	Get a 7-Day Free Trial															1.67	1.48	1.42	2.89	2.31

Competitive Comparison of TD Ameritrade Holding's Cash-to-Debt

For the Capital Markets subindustry, TD Ameritrade Holding'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.

TD Ameritrade Holding's Cash-to-Debt Distribution in the Capital Markets Industry

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

* The bar in red indicates where TD Ameritrade Holding's Cash-to-Debt falls into.

TD Ameritrade Holding 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.

TD Ameritrade Holding's Cash to Debt Ratio for the fiscal year that ended in Sep. 2019 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)
	=	5324	/	(0	+	3594)
	=	1.48

TD Ameritrade Holding's Cash to Debt Ratio for the quarter that ended in Jun. 2020 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)
	=	8629	/	(0	+	3736)
	=	2.31

TD Ameritrade Holding (NAS:AMTD) 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.

TD Ameritrade Holding Cash-to-Debt Related Terms

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TD Ameritrade Holding (TD Ameritrade Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TD Ameritrade Holding Corp (NAS:AMTD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 South 108th Avenue, Omaha, NE, USA, 68154

Website

http://www.amtd.com

TD Ameritrade is a leading retail brokerage and advisor services firm. Its largest shareholder is Toronto-Dominion Bank, which beneficially owns more than 40%. The firm offers trading in stocks, bonds, options, and other asset classes. Recently, TD Ameritrade derived approximately 55% of its revenue from interest-rate-related income and fees, 35% from commissions and transaction fees, and 10% from investment product and other revenue. Practically all of the company's revenue is generated in the United States. TD Ameritrade has a pending merger with Charles Schwab that is expected to close in the second half of 2020.

Executives

Lorenzo A Bettino	director
Wilbur J Prezzano	director	13515 BALLANTYNE CORPORATE PL, CHARLOTTE NC 28277
Joseph H Moglia	director	AMERITRADE HOLDING CORP, 4211 S 102ND ST, OMAHA NE 68127
Todd M Ricketts	director	C/O AMERITRADE HOLDING CORP, 4211 SOUTH 102ND ST, OMAHA NE 68127
Brian M Levitt	director	C/O DOMTAR CORPORATION, 234 KINGSLEY PARK DRIVE, FORT MILL SC 29715
V Ann Hailey	director	THREE LIMITED PARKWAY, COLUMBUS OH 43230
Allan R Tessler	director	C/O EPOCH HOLDING CORPORATION, 640 FIFTH AVENUE, NEW YORK, NY 10019
Dominion Bank Toronto	10 percent owner	66 WELLINGTON STREET WEST, 12TH FLOOR, TD TOWER, TORONTO, ONTARIO A6 M5K 1A2
Td Group Us Holdings Llc	10 percent owner	251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Mark L Mitchell	director	AMERITRADE HOLDING CORP 4211 S 102ND ST OMAHA NE 68127
Td Luxembourg International Holdings S.a R.l.	10 percent owner	46A, AVENUE JOHN F. KENNEDY LUXEMBOURG N4 L-2951
Irene R Miller	director	C/O BARNES & NOBLE INC, 122 FIFTH AVE, NEW YORK NY 10011
Karen E. Maidment	director	TD AMERITRADE HOLDING CORPORATION 6940 COLUMBIA GATEWAY DR., SUITE 200 COLUMBIA MD 21046
Steven M. Quirk	officer: EVP, Trader Group	C/O ROBINHOOD MARKETS INC., 85 WILLOW ROAD, MENLO PARK CA 94025
Jon C. Peterson	officer: Interim CFO	200 S. 108TH AVE OMAHA NE 68154