Forager Australian Shares Fund (ASX:FOR) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Forager Australian Shares 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. Forager Australian Shares Fund's cash to debt ratio for the quarter that ended in Jun. 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, Forager Australian Shares Fund could pay off its debt using the cash in hand for the quarter that ended in Jun. 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 Forager Australian Shares Fund's Cash-to-Debt or its related term are showing as below:

ASX:FOR' 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 7 years, Forager Australian Shares Fund's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:FOR's Cash-to-Debt is ranked better than
99.93% of 1466 companies
in the Asset Management industry
Industry Median: 5.545 vs ASX:FOR: No Debt

Forager Australian Shares Fund Cash-to-Debt Historical Data

The historical data trend for Forager Australian Shares 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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Forager Australian Shares Fund Cash-to-Debt Chart

Forager Australian Shares Fund Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

Forager Australian Shares Fund Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										N/A	No Debt	N/A	No Debt	N/A

Competitive Comparison of Forager Australian Shares Fund's Cash-to-Debt

For the Asset Management subindustry, Forager Australian Shares 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.

Forager Australian Shares Fund's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Forager Australian Shares Fund's Cash-to-Debt falls into.

Forager Australian Shares 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.

Forager Australian Shares Fund's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Forager Australian Shares Fund had no debt ⁽¹⁾.

Forager Australian Shares Fund's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Forager Australian Shares Fund had no debt ⁽¹⁾.

Forager Australian Shares Fund (ASX:FOR) 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.

Forager Australian Shares Fund Cash-to-Debt Related Terms

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

Forager Australian Shares Fund (ASX:FOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Forager Australian Shares Fund (ASX:FOR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

123 Pitt Street, Level 18 Angel Place, Sydney, NSW, AUS, 2000

Website

https://www.foragerfunds.com

Forager Australian Shares Fund was incorporated on October 6, 2009. It is a closed-ended investment fund company. The Company's investment objective is to outperform the S&P/ASX All Ordinaries Accumulation Index over a rolling 5 year period. It invests in securities listed on ASX and aims to generate capital growth and occasionally some income from investments it holds. The Company will invest no more than 10% of its assets into unlisted investments. It holds a relatively small number of securities, generally between 15 and 25.