BlackRock Smaller Trust (LSE:BRSC) Cash-to-Debt : 0.34 (As of Feb. 2023)

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What is BlackRock Smaller 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. BlackRock Smaller Trust's cash to debt ratio for the quarter that ended in Feb. 2023 was 0.34.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, BlackRock Smaller Trust couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2023.

The historical rank and industry rank for BlackRock Smaller Trust's Cash-to-Debt or its related term are showing as below:

During the past 13 years, BlackRock Smaller Trust's highest Cash to Debt Ratio was 0.66. The lowest was 0.00. And the median was 0.28.

LSE:BRSC's Cash-to-Debt is not ranked ^*
in the Asset Management industry.
Industry Median: 5.56
* Ranked among companies with meaningful Cash-to-Debt only.

BlackRock Smaller Trust Cash-to-Debt Historical Data

The historical data trend for BlackRock Smaller 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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BlackRock Smaller Trust Cash-to-Debt Chart

BlackRock Smaller Trust Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Cash-to-Debt

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0.49

0.14

0.66

0.34

BlackRock Smaller Trust Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.22	0.66	1.23	0.34	-

Competitive Comparison of BlackRock Smaller Trust's Cash-to-Debt

For the Asset Management subindustry, BlackRock Smaller 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.

BlackRock Smaller Trust's Cash-to-Debt Distribution in the Asset Management Industry

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

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

BlackRock Smaller 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.

BlackRock Smaller Trust's Cash to Debt Ratio for the fiscal year that ended in Feb. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.028	/	(0	+	77.414)
	=	0.00

BlackRock Smaller Trust's Cash to Debt Ratio for the quarter that ended in Feb. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	23.536	/	(0	+	69.504)
	=	0.34

BlackRock Smaller Trust (LSE:BRSC) 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.

BlackRock Smaller Trust Cash-to-Debt Related Terms

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BlackRock Smaller Trust (LSE:BRSC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BlackRock Smaller Companies Trust PLC (LSE:BRSC) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

BRSCl:UK

Address

12 Throgmorton Avenue, Exchange Place One, London, GBR, EC2N 2DL

Website

https://www.blackrock.com/uk/brsc

BlackRock Smaller Companies Trust PLC is a UK-based investment trust company. Its investment objective is to achieve long-term capital growth for shareholders through investment mainly in smaller UK quoted companies. The company mainly attracts long-term private and institutional investors wanting to benefit from the growth prospects of smaller companies. It focuses on investing UK smaller companies which are listed on the London Stock Exchange or on the Alternative Investment Market. The firm has adopted a consistent investment process, focusing on good quality growth companies that are trading well and it also considers sector weightings and underlying themes and method of stock selection.

BlackRock Smaller Trust (LSE:BRSC) Headlines

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