CATCo Reinsurance Opportunities Fund (LSE:CAT) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2024)

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

LSE:CAT' 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 8 years, CATCo Reinsurance Opportunities Fund's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:CAT's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 5.505 vs LSE:CAT: No Debt

CATCo Reinsurance Opportunities Fund Cash-to-Debt Historical Data

The historical data trend for CATCo Reinsurance Opportunities 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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CATCo Reinsurance Opportunities Fund Cash-to-Debt Chart

CATCo Reinsurance Opportunities Fund Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

CATCo Reinsurance Opportunities Fund Semi-Annual Data
	Jun12	Jun13	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial													No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of CATCo Reinsurance Opportunities Fund's Cash-to-Debt

For the Asset Management subindustry, CATCo Reinsurance Opportunities 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.

CATCo Reinsurance Opportunities Fund's Cash-to-Debt Distribution in the Asset Management Industry

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

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

CATCo Reinsurance Opportunities 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.

CATCo Reinsurance Opportunities Fund's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

CATCo Reinsurance Opportunities Fund had no debt ⁽¹⁾.

CATCo Reinsurance Opportunities Fund's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

CATCo Reinsurance Opportunities Fund had no debt ⁽¹⁾.

CATCo Reinsurance Opportunities Fund (LSE:CAT) 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.

CATCo Reinsurance Opportunities Fund Cash-to-Debt Related Terms

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CATCo Reinsurance Opportunities Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CATCo Reinsurance Opportunities Fund Ltd (LSE:CAT) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

CATC:UK

Address

141 Front Street, 8th Floor East, Hamilton, BMU, HM 19

Website

https://www.catcoreoppsfund.com

CATCo Reinsurance Opportunities Fund Ltd is a close-ended mutual fund company. The company is a feeder fund and invests all its investment proceeds directly in the CATCo Diversified Fund. The company's investment objective is to allow its shareholders to participate in the returns from investments linked to catastrophe reinsurance risks.