Herald Investment Trust (CHIX:HRIL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

CHIX:HRIl' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.23 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Herald Investment Trust's highest Cash to Debt Ratio was No Debt. The lowest was 1.23. And the median was No Debt.

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

Herald Investment Trust Cash-to-Debt Historical Data

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

Herald Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Herald Investment Trust Quarterly 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 Herald Investment Trust's Cash-to-Debt

For the Asset Management subindustry, Herald Investment Trust'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.

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

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

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

Herald Investment Trust 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.

Herald Investment Trust's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Herald Investment Trust had no debt ⁽¹⁾.

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

Herald Investment Trust had no debt ⁽¹⁾.

Herald Investment Trust (CHIX:HRIl) 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.

Herald Investment Trust Cash-to-Debt Related Terms

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

Herald Investment Trust (CHIX:HRIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Herald Investment Trust PLC (CHIX:HRIl) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HRI:UK

Address

10-11 Charterhouse Square, Welken House, London, GBR, EC1M 6EE

Website

https://www.heralduk.com

Herald Investment Trust PLC is an UK-based investment trust which aims capital appreciation through investments in smaller quoted companies in the areas of telecommunications, multimedia, and technology on a long-term basis. It focuses upon on diversifies portfolio which offers long-term growth potential and to benchmark its performance against the technology sector. The trust's investment portfolio includes companies which are in the business of software and computer services, technology hardware and equipment, printing and publishing, industrial sectors, support services, and others. Geographically, investments of the company are spread across the UK, North America, Japan, Asia-Pacific, Europe, Middle East, and Africa. The trust's revenue mainly consists of dividend and interest.

Herald Investment Trust (CHIX:HRIL) Headlines

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Herald Investment Trust (CHIX:HRIL) Cash-to-Debt : No Debt (1) (As of Dec. 2023)