Fidus Investment (Fidus Investment) Cash-to-Debt : 0.06 (As of Mar. 2024)

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What is Fidus Investment 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. Fidus Investment's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.06.

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, Fidus Investment couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Fidus Investment's Cash-to-Debt or its related term are showing as below:

FDUS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.14 Max: 0.46
Current: 0.06

During the past 13 years, Fidus Investment's highest Cash to Debt Ratio was 0.46. The lowest was 0.04. And the median was 0.14.

FDUS's Cash-to-Debt is ranked worse than
88.35% of 1468 companies
in the Asset Management industry
Industry Median: 5.66 vs FDUS: 0.06

Fidus Investment Cash-to-Debt Historical Data

The historical data trend for Fidus Investment'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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Fidus Investment Cash-to-Debt Chart

Fidus Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.04

0.28

0.46

0.15

0.26

Fidus Investment Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.08	0.08	0.18	0.26	0.06

Competitive Comparison of Fidus Investment's Cash-to-Debt

For the Asset Management subindustry, Fidus Investment'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.

Fidus Investment's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Fidus Investment's Cash-to-Debt falls into.

Fidus Investment 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.

Fidus Investment'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)
	=	119.131	/	(0	+	466.513)
	=	0.26

Fidus Investment's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	27.122	/	(0	+	454.816)
	=	0.06

Fidus Investment (NAS:FDUS) 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.

Fidus Investment Cash-to-Debt Related Terms

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

Fidus Investment (Fidus Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fidus Investment Corp (NAS:FDUS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

8QP:Germany

Address

1603 Orrington Avenue, Suite 1005, Evanston, IL, USA, 60201

Website

https://www.fdus.com

Fidus Investment Corp is an externally managed, closed-end, non-diversified management investment company that has elected to be treated as a business development company. The company provides customized debt and equity financing solutions to lower middle-market companies, which management generally defines as U.S. based companies with revenues between $10 million and $150 million. The company invests in companies that possess some or all of the following attributes: predictable revenues; positive cash flows; defensible market positions; diversified customer and supplier bases; and management teams with operating discipline.

Executives

Charles D Hyman	director	224 PONTE VEDRA PARK DRIVE, SUITE 200, PONTE VEDRA BEACH FL 32082
Edward H Ross	director, officer: See Remarks
Shelby E Sherard	officer: See Remarks	2215 SANDERS ROAD, SUITE 400, NORTHBROOK IL 60062
Edward X. Tune	director	C/O FIDUS INVESTMENT CORPORATION, 1603 ORRINGTON AVENUE, SUITE 1005, EVANSTON IL 60201
Anstiss Raymond L. Jr.	director	1603 ORRINGTON AVENUE, SUITE 820, EVANSTON IL 60201
Thomas Charles Lauer	director, officer: President	1919 PENNSYLVANIA AVENUE, NW, SUITE 300, WASHINGTON DC 20006
Cary L Schaefer	officer: See Remarks	1603 ORRINGTON AVE, STE 820, EVANSTON IL 60201
John A. Mazzarino	director	1603 ORRINGTON AVENUE, SUITE 820, EVANSTON IL 60201
Pinebridge Secondary Partners Ii Holdings, L.p.	10 percent owner	399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Pinebridge Secondary Partners Ii Gp, L.p.	10 percent owner	399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Charles G Phillips	director
Wayne F Robinson	director	1603 ORRINGTON AVENUE, SUITE 820, EVANSTON IL 60201