CT UK Highome Trust (LSE:CHIB) Cash-to-Debt : 0.05 (As of Sep. 2024)

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What is CT UK Highome 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. CT UK Highome Trust's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.05.

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, CT UK Highome Trust couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

LSE:CHIB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.3 Max: 0.71
Current: 0.05

During the past 13 years, CT UK Highome Trust's highest Cash to Debt Ratio was 0.71. The lowest was 0.02. And the median was 0.30.

LSE:CHIB's Cash-to-Debt is ranked worse than
89.2% of 1445 companies
in the Asset Management industry
Industry Median: 5.7 vs LSE:CHIB: 0.05

CT UK Highome Trust Cash-to-Debt Historical Data

The historical data trend for CT UK Highome 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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CT UK Highome Trust Cash-to-Debt Chart

CT UK Highome Trust Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.52

0.21

0.61

0.19

0.07

CT UK Highome Trust Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.68	0.19	0.02	0.07	0.05

Competitive Comparison of CT UK Highome Trust's Cash-to-Debt

For the Asset Management subindustry, CT UK Highome 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.

CT UK Highome Trust's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where CT UK Highome Trust's Cash-to-Debt falls into.

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CT UK Highome 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.

CT UK Highome Trust's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	1.086	/	(0	+	15.25)
	=	0.07

CT UK Highome Trust's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.787	/	(0	+	15.25)
	=	0.05

CT UK Highome Trust (LSE:CHIB) 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.

CT UK Highome Trust Cash-to-Debt Related Terms

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CT UK Highome Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CT UK High Income Trust PLC (LSE:CHIB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CHI:UK

Address

Quartermile 4, 6th Floor, 7a Nightingale Way, Edinburgh, GBR, EH3 9EG

Website

https://www.columbiathreadneedle.co.uk

CT UK High Income Trust PLC is a closed-end listed investment company, which carries on business as an investment trust. Its investment objective is to provide an attractive return to shareholders each year in the form of dividends and/or capital repayments, together with prospects for capital growth. The company invests predominantly in UK equities and equity-related securities of companies across the market capitalization spectrum. The company's portfolio includes the following sectors: Consumer Discretionary, Financials, Consumer Staples, Basic Materials, Health Care and Others.

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