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. Prospect Capital's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.04.
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, Prospect Capital 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 Prospect Capital's Cash-to-Debt or its related term are showing as below:
PSEC'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.19
Current: 0.04
During the past 13 years, Prospect Capital's highest Cash to Debt Ratio was 0.19. The lowest was 0.01. And the median was 0.04.
Prospect Capital Cash-to-Debt Historical Data
The historical data trend for Prospect Capital'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.
|
Prospect Capital Annual Data
|
|
Trend |
Jun14 |
Jun15 |
Jun16 |
Jun17 |
Jun18 |
Jun19 |
Jun20 |
Jun21 |
Jun22 |
Jun23 |
| Cash-to-Debt |
|
|
|
|
|
|
0.05 |
0.02 |
0.03 |
0.01 |
0.04 |
|
Prospect Capital 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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.03 |
0.03 |
0.04 |
0.03 |
0.04 |
Competitive Comparison
For the Asset Management subindustry, Prospect Capital'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.
Prospect Capital Cash-to-Debt Distribution
For the Asset Management industry and Financial Services sector, Prospect Capital's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Prospect Capital's Cash-to-Debt falls into.
Prospect Capital 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.
Prospect Capital's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:
Prospect Capital's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:
* 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.
Prospect Capital (Prospect Capital) Business Description
Traded in Other Exchanges
Address
10 East 40th Street, 42nd Floor, New York, NY, USA, 10016
Prospect Capital Corp is a closed-end investment company based in the United States. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. The company invests primarily in senior and subordinated debt and equity of private companies for acquisitions, divestitures, growth, development, recapitalizations, and other purposes. It makes investments, including lending in private equity, sponsored transactions, directly to companies, investments in structured credit, real estate, and syndicated debt.
Executives
| M Grier Eliasek |
director, officer: President and COO |
C/O PROSPECT ENERGY CORPORATION, 10 E. 40TH STREET, 40TH FLOOR, NEW YORK NY 10016 |
| Van Dask Kristin Lea |
officer: CFO, TREASURER, SECRETARY, CCO |
10 EAST 40TH ST, NEW YORK NY 10016 |
| John F Barry |
director, officer: Chief Executive Officer |
C/O PROSPECT ENERGY CORPORATION, 10 EAST 40TH STREET, 42TH FLOOR, NEW YORK NY 10016 |
| Eugene S Stark |
officer: Chief Financial Officer |
GENERAL AMERICAN INVESTORS COMPANY, INC., 530 FIFTH AVE - 26TH FLOOR, NEW YORK NY 10036 |
| William Gremp |
director |
10 E. 40TH ST, 44TH FLOOR, NEW YORK NY 10016 |
| Brian H Oswald |
officer: CCO and Secretary, other: CCO and Secretary |
|
| Matthew C. Barry |
other: Family Insider |
10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016 |
| Graham Anderson |
director |
10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016 |
| Andrew C. Cooper |
director |
10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016 |
| Robert Everett |
other: VP |
10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016 |
| Simon Marom |
other: VP- Legal |
10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016 |
| Robert Kleinman |
other: Senior VP |
10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016 |
| David Belzer |
other: Managing Director |
10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016 |
| Amir Friedman |
other: VP |
10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016 |
| William Montgomery Cook |
other: Managing Director |
10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016 |
Prospect Capital (Prospect Capital) Headlines
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