Diverseome Trust (The) (LSE:DIVI) Cash-to-Debt : No Debt ⁽¹⁾ (As of May. 2023)

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What is Diverseome Trust (The) 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. Diverseome Trust (The)'s cash to debt ratio for the quarter that ended in May. 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, Diverseome Trust (The) could pay off its debt using the cash in hand for the quarter that ended in May. 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 Diverseome Trust (The)'s Cash-to-Debt or its related term are showing as below:

LSE:DIVI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: No Debt Max: No Debt
Current: No Debt

During the past 12 years, Diverseome Trust (The)'s highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was No Debt.

LSE:DIVI's Cash-to-Debt is ranked better than
99.93% of 1449 companies
in the Asset Management industry
Industry Median: 5.79 vs LSE:DIVI: No Debt

Diverseome Trust (The) Cash-to-Debt Historical Data

The historical data trend for Diverseome Trust (The)'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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Diverseome Trust (The) Cash-to-Debt Chart

Diverseome Trust (The) Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash-to-Debt

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No Debt

Diverseome Trust (The) Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Diverseome Trust (The)'s Cash-to-Debt

For the Asset Management subindustry, Diverseome Trust (The)'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.

Diverseome Trust (The)'s Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Diverseome Trust (The)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Diverseome Trust (The)'s Cash-to-Debt falls into.

Diverseome Trust (The) 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.

Diverseome Trust (The)'s Cash to Debt Ratio for the fiscal year that ended in May. 2023 is calculated as:

Diverseome Trust (The) had no debt ⁽¹⁾.

Diverseome Trust (The)'s Cash to Debt Ratio for the quarter that ended in May. 2023 is calculated as:

Diverseome Trust (The) had no debt ⁽¹⁾.

Diverseome Trust (The) (LSE:DIVI) 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.

Diverseome Trust (The) Cash-to-Debt Related Terms

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Diverseome Trust (The) (LSE:DIVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Diverse Income Trust (The) PLC (LSE:DIVI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DIVIl:UK

Address

Southernhay West, Broadwalk House, Exeter, Devon, GBR, EX1 1TS

Website

https://www.diverseincometrust.com

Diverse Income Trust (The) PLC is a UK-based closed-end investment fund. The company mainly invests in quoted or traded UK companies with a wide range of market capitalizations but a long-term bias toward small and mid-cap equities. It adopts a stock-specific approach in managing the company's portfolio and therefore sector weightings are of secondary consideration. The company also utilizes derivative instruments including index-linked notes, contracts for differences, covered options, and other equity-related derivative instruments for efficient portfolio management, gearing, and investment purposes. Its main objective is to pay shareholders a good and growing dividend income.

Diverseome Trust (The) (LSE:DIVI) Cash-to-Debt : No Debt (1) (As of May. 2023)