BCVPA.PFD (Bancroft Fund) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Bancroft 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. Bancroft Fund's cash to debt ratio for the quarter that ended in Sep. 2024 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, Bancroft Fund could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(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 Bancroft Fund's Cash-to-Debt or its related term are showing as below:

BCVpA.PFD' 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, Bancroft Fund's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

BCVpA.PFD's Cash-to-Debt is ranked better than
99.66% of 1450 companies
in the Asset Management industry
Industry Median: 5.505 vs BCVpA.PFD: No Debt

Bancroft Fund Cash-to-Debt Historical Data

The historical data trend for Bancroft 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.

* Premium members only.

Bancroft Fund Cash-to-Debt Chart

Bancroft Fund Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Sep24

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

N/A

No Debt

Bancroft Fund Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															-	No Debt	N/A	N/A	No Debt

Competitive Comparison of Bancroft Fund's Cash-to-Debt

For the Asset Management subindustry, Bancroft 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.

Bancroft Fund's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Bancroft 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.

Bancroft Fund's Cash to Debt Ratio for the fiscal year that ended in Sep. 2024 is calculated as:

Bancroft Fund had no debt ⁽¹⁾.

Bancroft Fund's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Bancroft Fund had no debt ⁽¹⁾.

Bancroft Fund (AMEX:BCVpA.PFD) 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.

Bancroft Fund Cash-to-Debt Related Terms

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

Bancroft Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Bancroft Fund Ltd (AMEX:BCVpA.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BCV:USA

Address

One Corporate Center, Rye, New York, NY, USA, 10580-1422

Website

http://www.gabelli.com

Bancroft Fund Ltd is a diversified closed-end management company. It operates as a closed-ended equity mutual fund. The funds' main objective is to provide income and potential for capital appreciation. With the intent to achieve its objective, the company invests in convertible and equity securities. It invests across different industries such as Computer Software and Services, Energy and Utilities, Health Care among others.