Vela Technologies (FRA:IBNN) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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

FRA:IBNN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Vela Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was No Debt.

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

Vela Technologies Cash-to-Debt Historical Data

The historical data trend for Vela Technologies'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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Vela Technologies Cash-to-Debt Chart

Vela Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.02

No Debt

Vela Technologies Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Vela Technologies's Cash-to-Debt

For the Asset Management subindustry, Vela Technologies'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.

Vela Technologies's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Vela Technologies Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities 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.

Vela Technologies's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Vela Technologies had no debt ⁽¹⁾.

Vela Technologies's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Vela Technologies had no debt ⁽¹⁾.

Vela Technologies (FRA:IBNN) 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.

Vela Technologies Cash-to-Debt Related Terms

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

Vela Technologies (FRA:IBNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Vela Technologies PLC (FRA:IBNN) » Definitions » Cash-to-Debt

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VELA:UK

Address

Mill Field Road, 15 Victoria Mews, Cottingley Business Park, Bingley, West Yorkshire, GBR, BD16 1PY

Website

http://www.velatechplc.com

Vela Technologies PLC a UK-based investment company based in London which is engaged in acquiring and consolidating holdings in the small and medium-sized enterprise (SME's), which are active in the development of emergent technologies. It operates through a single segment of Investments in the United Kingdom. It mainly focuses on investment in companies which are based in the UK or Europe with the number of opportunities to acquire interests in undervalued or pre-commercialization technologies and companies. The company seeks to deliver consistent growth, performance, and strong returns to shareholders by building a diverse portfolio of pre-IPO technology investments.

Vela Technologies (FRA:IBNN) Headlines

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Vela Technologies (FRA:IBNN) Cash-to-Debt : No Debt (1) (As of Sep. 2023)