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. BlackRock's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.09.
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, BlackRock 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 BlackRock's Cash-to-Debt or its related term are showing as below:
BLK'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.72 Med: 1.09 Max: 1.4
Current: 1.09
During the past 13 years, BlackRock's highest Cash to Debt Ratio was 1.40. The lowest was 0.72. And the median was 1.09.
BlackRock Cash-to-Debt Historical Data
The historical data trend for BlackRock'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.
|
BlackRock Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Cash-to-Debt |
|
|
|
|
|
|
0.98 |
1.08 |
1.00 |
1.03 |
1.09 |
|
BlackRock 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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.67 |
0.70 |
0.76 |
1.09 |
N/A |
Competitive Comparison
For the Asset Management subindustry, BlackRock'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.
BlackRock Cash-to-Debt Distribution
For the Asset Management industry and Financial Services sector, BlackRock's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where BlackRock's Cash-to-Debt falls into.
BlackRock 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.
BlackRock's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
BlackRock's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:
* 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.
BlackRock (BlackRock) Business Description
Traded in Other Exchanges
Address
50 Hudson Yards, New York, NY, USA, 10001
BlackRock is the largest asset manager in the world, with $9.101 trillion in AUM at the end of September 2023. Product mix is fairly diverse, with 52% of the firm's managed assets in equity strategies, 28% in fixed income, 9% in multi-asset class, 8% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is also geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the U.S. and Canada.
Executives
| Laurence Fink |
director, officer: Chairman and CEO |
BLACKROCK, INC., 50 HUDSON YARDS, NEW YORK NY 10001 |
| Mark Wiedman |
officer: Senior Managing Director |
50 HUDSON YARDS, NEW YORK NY 10001 |
| Amin H. Nasser |
director |
50 HUDSON YARDS, NEW YORK NY 10001 |
| J. Richard Kushel |
officer: Senior Managing Director |
BLACKROCK, INC., 50 HUDSON YARDS, NEW YORK NY 10001 |
| Martin Small |
officer: CFO & Senior Managing Director |
50 HUDSON YARDS, NEW YORK NY 10001 |
| Marc D. Comerchero |
officer: Principal Accounting Officer |
BLACKROCK, INC., 50 HUDSON YARDS, NEW YORK NY 10001 |
| Stephen Cohen |
officer: Senior Managing Director |
55 EAST 52ND STREET, NEW YORK NY 10055 |
| Caroline Heller |
officer: Senior Managing Director |
50 HUDSON YARDS, NEW YORK NY 10001 |
| Manish Mehta |
officer: Senior Managing Director |
55 EAST 52ND STREET, NEW YORK NY 10055 |
| Rachel Lord |
officer: Senior Managing Director |
55 EAST 52ND STREET, NEW YORK NY 10055 |
| Mark Mccombe |
officer: Senior Managing Director |
BLACKROCK, INC., 55 EAST 52ND STREET, NEW YORK NY 10055 |
| Robert Kapito |
director, officer: President |
100 BELLEVUE PARKWAY, WILMINGTON DE 19809 |
| William E Ford |
director |
55 EAST 52ND STREET, 32ND FLOOR, NEW YORK NY 10055 |
| Kristin C Peck |
director |
C/O ZOETIS INC., 10 SYLVAN WAY, PARSIPPANY NJ 07054 |
| Beth Ford |
director |
C/O CORPORATE SECRETARY SCHOLASTIC CORP, 557 BROADWAY, NEW YORK NY 10012 |
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