CT Private Equity Trust (LSE:CTPE) Cash-to-Debt : 0.10 (As of Dec. 2023)

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What is CT 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. CT Private Equity Trust's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.10.

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

LSE:CTPE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.85 Max: 1.94
Current: 0.1

During the past 13 years, CT Private Equity Trust's highest Cash to Debt Ratio was 1.94. The lowest was 0.10. And the median was 0.85.

LSE:CTPE's Cash-to-Debt is ranked worse than
83.02% of 1449 companies
in the Asset Management industry
Industry Median: 5.79 vs LSE:CTPE: 0.10

CT Private Equity Trust Cash-to-Debt Historical Data

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

CT Private Equity Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.14

0.12

0.91

0.90

0.10

CT Private Equity Trust 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	Get a 7-Day Free Trial															0.90	0.42	0.20	0.05	0.10

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

For the Asset Management subindustry, CT 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.

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

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

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

CT 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.

CT Private Equity Trust'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)
	=	9.879	/	(0	+	97.109)
	=	0.10

CT 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)
	=	9.879	/	(0	+	97.109)
	=	0.10

CT Private Equity Trust (LSE:CTPE) 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.

CT Private Equity Trust Cash-to-Debt Related Terms

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

CT Private Equity Trust (LSE:CTPE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CT Private Equity Trust PLC (LSE:CTPE) » Definitions » Cash-to-Debt

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CTPEl:UK

Address

7a Nightingale Way, Quartermile 4, 6th Floor, Edinburgh, GBR, EH3 9EG

Website

http://www.ctprivateequitytrust.com

CT Private Equity Trust PLC is a UK-based investment trust, which is managed by F&C Investment Business Limited. Its core business is the management of long-term borrowings by investing them in private equity assets. Its objective is to achieve long-term capital growth through investment in private equity assets, whilst providing shareholders with a predictable and above average level of dividend funded from a combination of the Company's revenue and realised capital profits. The fund's portfolio is comprised of private equity focused limited partnerships, offshore funds, investment companies and investment trusts. The company may also make direct private equity investments, mainly through co-investment with the funds in which the company is invested.

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