Lift Global Ventures (FRA:7XO) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Lift Global Ventures 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. Lift Global Ventures's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Lift Global Ventures 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 Lift Global Ventures's Cash-to-Debt or its related term are showing as below:

FRA:7XO' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 2 years, Lift Global Ventures's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

FRA:7XO's Cash-to-Debt is ranked better than
99.79% of 482 companies
in the Diversified Financial Services industry
Industry Median: 2.64 vs FRA:7XO: No Debt

Lift Global Ventures Cash-to-Debt Historical Data

The historical data trend for Lift Global Ventures'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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Lift Global Ventures Cash-to-Debt Chart

Lift Global Ventures Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

No Debt

Lift Global Ventures Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Lift Global Ventures's Cash-to-Debt

For the Shell Companies subindustry, Lift Global Ventures'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.

Lift Global Ventures's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Lift Global Ventures's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Lift Global Ventures's Cash-to-Debt falls into.

Lift Global Ventures 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.

Lift Global Ventures's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Lift Global Ventures had no debt ⁽¹⁾.

Lift Global Ventures's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Lift Global Ventures had no debt ⁽¹⁾.

Lift Global Ventures (FRA:7XO) 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.

Lift Global Ventures Cash-to-Debt Related Terms

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

Lift Global Ventures (FRA:7XO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Lift Global Ventures PLC (FRA:7XO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LFT:UK

Address

15 Ingestre Place, Suite 1, London, GBR, W1F 0DU

Website

https://www.liftgv.com

Lift Global Ventures PLC is formed to identify potential investment and acquisition opportunities in companies operating within the financial media and related technology industries.

Lift Global Ventures (FRA:7XO) Headlines

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Lift Global Ventures (FRA:7XO) Cash-to-Debt : No Debt (1) (As of Dec. 2023)