Pengana Private Equity Trust (ASX:PE1) Cash-to-Debt : 3.76 (As of Dec. 2023)

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What is Pengana Private Equity Trust 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. Pengana Private Equity Trust's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.76.

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, Pengana Private Equity Trust 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 Pengana Private Equity Trust's Cash-to-Debt or its related term are showing as below:

ASX:PE1' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.76 Med: No Debt Max: No Debt
Current: 3.76

During the past 4 years, Pengana Private Equity Trust's highest Cash to Debt Ratio was No Debt. The lowest was 3.76. And the median was No Debt.

ASX:PE1's Cash-to-Debt is ranked worse than
52.25% of 1466 companies
in the Asset Management industry
Industry Median: 5.89 vs ASX:PE1: 3.76

Pengana Private Equity Trust Cash-to-Debt Historical Data

The historical data trend for Pengana Private Equity Trust'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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Pengana Private Equity Trust Cash-to-Debt Chart

Pengana Private Equity Trust Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

Pengana Private Equity Trust Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					No Debt	No Debt	10.81	No Debt	3.76

Competitive Comparison of Pengana Private Equity Trust's Cash-to-Debt

For the Asset Management subindustry, Pengana Private Equity Trust'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.

Pengana Private Equity Trust's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pengana Private Equity Trust's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Pengana Private Equity Trust's Cash-to-Debt falls into.

Pengana Private Equity Trust 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.

Pengana Private Equity Trust's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Pengana Private Equity Trust had no debt ⁽¹⁾.

Pengana Private Equity Trust's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	29.568	/	(7.861	+	0)
	=	3.76

Pengana Private Equity Trust (ASX:PE1) 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.

Pengana Private Equity Trust Cash-to-Debt Related Terms

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

Pengana Private Equity Trust (ASX:PE1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pengana Private Equity Trust (ASX:PE1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Farrer Place, Suite 1, Level 27, Governor Philip Tower, Sydney, NSW, AUS, 2000

Website

https://www.pengana.com

Pengana Private Equity Trust is an Australia based company engaged in providing a diversified portfolio of private market investments via a listed investment trust structure. It seeks to generate returns and capital growth through a selective and diversified approach to private market investments.

Pengana Private Equity Trust (ASX:PE1) Headlines

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