Broadridge Financial Solutions (Broadridge Financial Solutions) Cash-to-Debt

: 0.07 (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. Broadridge Financial Solutions's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.07.

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, Broadridge Financial Solutions couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Broadridge Financial Solutions's Cash-to-Debt or its related term are showing as below:

BR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.2 Max: 0.72
Current: 0.07

During the past 13 years, Broadridge Financial Solutions's highest Cash to Debt Ratio was 0.72. The lowest was 0.05. And the median was 0.20.

BR's Cash-to-Debt is ranked worse than
93.76% of 2790 companies
in the Software industry
Industry Median: 2.44 vs BR: 0.07

Broadridge Financial Solutions Cash-to-Debt Historical Data

The historical data trend for Broadridge Financial Solutions'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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Broadridge Financial Solutions Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

0.19

0.23

0.07

0.06

0.07

Broadridge Financial Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																0.06	0.08	0.07	0.06	0.07

Competitive Comparison

For the Information Technology Services subindustry, Broadridge Financial Solutions'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.

Broadridge Financial Solutions Cash-to-Debt Distribution

For the Software industry and Technology sector, Broadridge Financial Solutions's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Broadridge Financial Solutions's Cash-to-Debt falls into.

Broadridge Financial Solutions 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.

Broadridge Financial Solutions's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	252.3	/	(1219.4	+	2433.2)
	=	0.07

Broadridge Financial Solutions'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)
	=	277	/	(39.1	+	3835.9)
	=	0.07

Broadridge Financial Solutions (NYSE:BR) 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.

Broadridge Financial Solutions Cash-to-Debt Related Terms

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

Broadridge Financial Solutions (Broadridge Financial Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Broadridge Financial Solutions Inc (NYSE:BR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

5B9:Germany

Address

5 Dakota Drive, Suite 300, Lake Success, NY, USA, 11042

Website

https://www.broadridge.com

Broadridge Financial Solutions, which was spun off from ADP in 2007, is a leading provider of investor communications and technology-driven solutions to banks, broker/dealers, asset managers, wealth managers, and corporate issuers. Broadridge is composed of two segments: investor communication solutions, or ICS, and global technology and operations, or GTO.

Executives

Christopher John Perry	officer: Corporate SVP	1981 MARCUS AVENUE, LAKE SUCCESS NY 11042
Laura Matlin	officer: VP, Deputy GC and CGO	C/O BROADRIDGE, 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Keir D Gumbs	officer: CVP and Chief Legal Officer	C/O BROADRIDGE FINANCIAL SOLUTIONS, INC., 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Timothy C Gokey	officer: Senior Vice President	5 DAKOTA DRIVE, SUITE 300, LAKE SUCCESS NY 11042
Richard J Daly	director, officer: Chief Executive Officer	5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Thomas P Carey	officer: Corporate VP	C/O BROADRIDGE FINANCIAL SOLUTIONS, 5 DAKOTA DR., STE 300, LAKE SUCCESS NY 11042
Douglas Richard Deschutter	officer: Corporate Vice President	5 DAKOTA DRIVE, SUITE 300, LAKE SUCCESS NY 11042
Leslie A Brun	director	435 DEVON PARK DRIVE, 700 BUILDING, WAYNE PA 19087
Robert Schifellite	officer: Corporate Vice President	5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Robert N Duelks	director	5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Robert F Kalenka	officer: Corporate Vice President	5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Richard John Stingi	officer: Corporate VP and CHRO	C/O BROADRIDGE FINANCIAL SOLUTIONS, 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Thomas J Perna	director	89 ROBBINS AVENUE, BERKELEY HEIGHTS NJ 07922
Eileen K Murray	director	1585 BROADWAY, NEW YORK NY 10036
Vijay Mayadas	officer: VP, Strategy	C/O BROADRIDGE FINANCIAL SOLUTIONS, 5 DAKOTA DRIVE, LAKE SUCCESS NE 11042