Acorn Capital Investment Fund (ASX:ACQ) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

ASX:ACQ' 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 10 years, Acorn Capital Investment Fund's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:ACQ's Cash-to-Debt is ranked better than
99.93% of 1448 companies
in the Asset Management industry
Industry Median: 5.72 vs ASX:ACQ: No Debt

Acorn Capital Investment Fund Cash-to-Debt Historical Data

The historical data trend for Acorn Capital Investment 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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Acorn Capital Investment Fund Cash-to-Debt Chart

Acorn Capital Investment Fund Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

Acorn Capital Investment Fund 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 Acorn Capital Investment Fund's Cash-to-Debt

For the Asset Management subindustry, Acorn Capital Investment 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.

Acorn Capital Investment Fund's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Acorn Capital Investment 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.

Acorn Capital Investment Fund's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Acorn Capital Investment Fund had no debt ⁽¹⁾.

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

Acorn Capital Investment Fund had no debt ⁽¹⁾.

Acorn Capital Investment Fund (ASX:ACQ) 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.

Acorn Capital Investment Fund Cash-to-Debt Related Terms

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

Acorn Capital Investment Fund (ASX:ACQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Acorn Capital Investment Fund Ltd (ASX:ACQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Russell Street, Level 4, Melbourne, VIC, AUS, 3000

Website

http://www.acqfund.com.au

Acorn Capital Investment Fund Ltd investment company that invests in a diverse portfolio of emerging Australian companies. The principal activity of the company is to invest in a portfolio of listed and unlisted microcap companies. It generates revenue in the form of dividends, distributions, interest, and other income. The company operates in Australia.

Acorn Capital Investment Fund (ASX:ACQ) Headlines

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Acorn Capital Investment Fund (ASX:ACQ) Cash-to-Debt : No Debt (1) (As of Dec. 2023)