Foresight Solar Fund (LSE:FSFL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Foresight Solar Fund 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. Foresight Solar Fund'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, Foresight Solar Fund 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 Foresight Solar Fund's Cash-to-Debt or its related term are showing as below:

LSE:FSFL' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.56 Med: No Debt Max: No Debt
Current: No Debt

During the past 10 years, Foresight Solar Fund's highest Cash to Debt Ratio was No Debt. The lowest was 1.56. And the median was No Debt.

LSE:FSFL's Cash-to-Debt is ranked better than
99.93% of 1468 companies
in the Asset Management industry
Industry Median: 5.66 vs LSE:FSFL: No Debt

Foresight Solar Fund Cash-to-Debt Historical Data

The historical data trend for Foresight Solar Fund'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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Foresight Solar Fund Cash-to-Debt Chart

Foresight Solar Fund Annual Data

Trend

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Foresight Solar Fund Semi-Annual Data
	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													No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Foresight Solar Fund's Cash-to-Debt

For the Asset Management subindustry, Foresight Solar Fund'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.

Foresight Solar Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Foresight Solar Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Foresight Solar Fund's Cash-to-Debt falls into.

Foresight Solar Fund 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.

Foresight Solar Fund's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Foresight Solar Fund had no debt ⁽¹⁾.

Foresight Solar Fund's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Foresight Solar Fund had no debt ⁽¹⁾.

Foresight Solar Fund (LSE:FSFL) 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.

Foresight Solar Fund Cash-to-Debt Related Terms

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

Foresight Solar Fund (LSE:FSFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Foresight Solar Fund Ltd (LSE:FSFL) » Definitions » Cash-to-Debt

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FSFLl:UK

Address

The Shard, 32 London Bridge Street, London, JEY, SE1 9SG

Website

https://fsfl.foresightgroup.eu

Foresight Solar Fund Ltd is a closed-ended company. Its objective is to provide investors with a sustainable, progressive quarterly dividend and enhanced capital value, through investment in ground-based solar assets predominantly located in the UK. The company makes its investments through intermediate holding companies and underlying Project Vehicles/Special Purpose Vehicles (SPVs). It will pursue its investment objective by acquiring ground-based, operational solar power plants predominantly located in the UK.

Foresight Solar Fund (LSE:FSFL) Headlines

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Foresight Solar Fund (LSE:FSFL) Cash-to-Debt : No Debt (1) (As of Dec. 2023)