Rights and Issues Inv Trust (LSE:RIII) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Rights and Issues Inv 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. Rights and Issues Inv Trust'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, Rights and Issues Inv Trust 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 Rights and Issues Inv Trust's Cash-to-Debt or its related term are showing as below:

LSE:RIII' 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 13 years, Rights and Issues Inv Trust's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:RIII's Cash-to-Debt is ranked better than
99.93% of 1470 companies
in the Asset Management industry
Industry Median: 6 vs LSE:RIII: No Debt

Rights and Issues Inv Trust Cash-to-Debt Historical Data

The historical data trend for Rights and Issues Inv 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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Rights and Issues Inv Trust Cash-to-Debt Chart

Rights and Issues Inv Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Rights and Issues Inv Trust 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Rights and Issues Inv Trust's Cash-to-Debt

For the Asset Management subindustry, Rights and Issues Inv 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.

Rights and Issues Inv Trust's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Rights and Issues Inv Trust's Cash-to-Debt falls into.

Rights and Issues Inv 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.

Rights and Issues Inv Trust's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Rights and Issues Inv Trust had no debt ⁽¹⁾.

Rights and Issues Inv Trust's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Rights and Issues Inv Trust had no debt ⁽¹⁾.

Rights and Issues Inv Trust (LSE:RIII) 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.

Rights and Issues Inv Trust Cash-to-Debt Related Terms

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Rights and Issues Inv Trust (LSE:RIII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Rights and Issues Inv Trust PLC (LSE:RIII) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rodney Way, Hamilton Centre, Chelmsford, Essex, GBR, CM1 3BY

Website

https://www.maitlandgroup.com

Rights and Issues Inv Trust PLC is a self-managed investment trust based in the United Kingdom. The company's objective is to generate long-term returns while managing risk by seeking out undervalued equity investments. The company also places an emphasis on smaller UK-based companies but its portfolio includes securities across all sectors, geographies, and industries.