Invesco Bondome Plus (LSE:BIPS) Cash-to-Debt : 0.17 (As of Dec. 2023)

View and export this data going back to 2012. Start your Free Trial

What is Invesco Bondome Plus 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 Bondome Plus's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.17.

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 Bondome Plus 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 Invesco Bondome Plus's Cash-to-Debt or its related term are showing as below:

LSE:BIPS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: No Debt Max: No Debt
Current: 0.17

During the past 13 years, Invesco Bondome Plus's highest Cash to Debt Ratio was No Debt. The lowest was 0.17. And the median was No Debt.

LSE:BIPS's Cash-to-Debt is ranked worse than
78.78% of 1456 companies
in the Asset Management industry
Industry Median: 5.935 vs LSE:BIPS: 0.17

Invesco Bondome Plus Cash-to-Debt Historical Data

The historical data trend for Invesco Bondome Plus'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.

* Premium members only.

Invesco Bondome Plus Cash-to-Debt Chart

Invesco Bondome Plus Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.22

0.21

0.17

Invesco Bondome Plus Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.21	0.06	0.17	0.15	0.17

Competitive Comparison of Invesco Bondome Plus's Cash-to-Debt

For the Asset Management subindustry, Invesco Bondome Plus'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 Bondome Plus's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Invesco Bondome Plus's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Invesco Bondome Plus's Cash-to-Debt falls into.

Invesco Bondome Plus 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 Bondome Plus's Cash to Debt Ratio for the fiscal year 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)
	=	8.138	/	(0	+	48.068)
	=	0.17

Invesco Bondome Plus'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)
	=	8.138	/	(0	+	48.068)
	=	0.17

Invesco Bondome Plus (LSE:BIPS) 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 Bondome Plus Cash-to-Debt Related Terms

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

Invesco Bondome Plus (LSE:BIPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Invesco Bond Income Plus Ltd (LSE:BIPS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BIPSl:UK

Address

28 Esplanade, P.O. Box 1075, Saint Helier, JEY, JE4 2QP

Website

https://www.invesco.co.uk

Invesco Bond Income Plus Ltd is a closed-end investment company with an objective to achieve high income and capital growth from investment in fixed-interest securities. Its products include investment trusts, multi-asset funds, and UK equities. The company invests in bonds, along with other fixed-income securities, equities, and equity-like instruments. Its portfolio consists of investments made in oil and gas, basic materials, industrials, consumer goods, healthcare, consumer services, utility, telecommunications, financials, and technology sectors. It operates in a single segment of the business of investing in debt and, to a significantly lesser extent, equity securities.

Invesco Bondome Plus (LSE:BIPS) Headlines

No Headlines