Invesco Trust for Investment Grade Municipals (Invesco Trust for Investment Grade Municipals) Cash-to-Debt : 0.12 (As of Aug. 2023)

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What is Invesco Trust for Investment Grade Municipals 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. Invesco Trust for Investment Grade Municipals's cash to debt ratio for the quarter that ended in Aug. 2023 was 0.12.

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, Invesco Trust for Investment Grade Municipals couldn't pay off its debt using the cash in hand for the quarter that ended in Aug. 2023.

The historical rank and industry rank for Invesco Trust for Investment Grade Municipals's Cash-to-Debt or its related term are showing as below:

VGM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.12 Max: 0.3
Current: 0.12

During the past 6 years, Invesco Trust for Investment Grade Municipals's highest Cash to Debt Ratio was 0.30. The lowest was 0.02. And the median was 0.12.

VGM's Cash-to-Debt is ranked worse than
82.1% of 1475 companies
in the Asset Management industry
Industry Median: 5.53 vs VGM: 0.12

Invesco Trust for Investment Grade Municipals Cash-to-Debt Historical Data

The historical data trend for Invesco Trust for Investment Grade Municipals'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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Invesco Trust for Investment Grade Municipals Cash-to-Debt Chart

Invesco Trust for Investment Grade Municipals Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

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0.02

0.30

Invesco Trust for Investment Grade Municipals Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Cash-to-Debt	Get a 7-Day Free Trial								-	0.02	-	0.30	0.12

Competitive Comparison of Invesco Trust for Investment Grade Municipals's Cash-to-Debt

For the Asset Management subindustry, Invesco Trust for Investment Grade Municipals'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.

Invesco Trust for Investment Grade Municipals's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Invesco Trust for Investment Grade Municipals's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Invesco Trust for Investment Grade Municipals's Cash-to-Debt falls into.

Invesco Trust for Investment Grade Municipals 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.

Invesco Trust for Investment Grade Municipals's Cash to Debt Ratio for the fiscal year that ended in Feb. 2023 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)
	=	32.481	/	(0	+	107.65)
	=	0.30

Invesco Trust for Investment Grade Municipals's Cash to Debt Ratio for the quarter that ended in Aug. 2023 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)
	=	8.585	/	(0	+	71.555)
	=	0.12

Invesco Trust for Investment Grade Municipals (NYSE:VGM) 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.

Invesco Trust for Investment Grade Municipals Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Invesco Trust for Investment Grade Municipals's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Invesco Trust for Investment Grade Municipals (Invesco Trust for Investment Grade Municipals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Invesco Trust for Investment Grade Municipals (NYSE:VGM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1555 Peachtree Street, N.E., Suite 1800, Atlanta, GA, USA, 30309

Website

https://www.invesco.com

Invesco Trust for Investment Grade Municipals is active in the financial services sector. Its investment objective is to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital.

Executives

Glenn Eugene Brightman	officer: President & PEO	570 CARILLON PARKWAY, ST. PETERSBURG FL 33716
Stephanie Butcher	officer: Senior Vice President	1555 PEACHTREE ST. NE, ATLANTA GA 30309
Tony Wong	director, officer: Senior Vice President	1331 SPRING STREET NW, SUITE 2500, ATLANTA GA 30309
Melanie Ringold	officer: SVP, CLO and Secretary	1555 PEACHTREE STREE NE, SUITE 1800, ATLANTA GA 30309
Mark William Gregson	officer: Chief Accounting Officer	1555 PEACHTREE STREET NE, ATLANTA GA 30309
Terry Vacheron	officer: Chief Financial Officer	1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Bordewick James R Jr	officer: Senior Officer & SVP	C/O BANC OF AMERICA INVESTMENT ADVISORS, 100 FEDERAL STREET, BOSTON MA 02110
Josh Cooney	other: Portfolio Manager	1555 PEACHTREE ST NE SUITE 1800, ATLANTA GA 30309
Rebecca Setcavage	other: Portfolio Manager	1555 PEACHTREE ST NE SUITE 1800, ATLANTA GA 30309
Adrien Deberghes	officer: Vice President,PFO & Treasurer	1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Laura Allison Dukes	officer: SMD and CFO	780 JOHNSON FERRY ROAD, SUITE 800, ATLANTA GA 30342
Loren M Starr	director
Annette Lege	director, officer: CFO & CAO	1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Kevin M Carome	director
Todd F Kuehl	officer: Chief Compliance officer	1555 PEACHTREE STREET NE, ATLANTA GA 30309

Invesco Trust for Investment Grade Municipals (Invesco Trust for Investment Grade Municipals) Headlines

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