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Downing Planned Exit VCT 9 (LSE:DP9A) Cash-to-Debt : No Debt (1) (As of Jun. 2013)


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What is Downing Planned Exit VCT 9 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. Downing Planned Exit VCT 9's cash to debt ratio for the quarter that ended in Jun. 2013 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, Downing Planned Exit VCT 9 could pay off its debt using the cash in hand for the quarter that ended in Jun. 2013.

(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 Downing Planned Exit VCT 9's Cash-to-Debt or its related term are showing as below:

LSE:DP9A's Cash-to-Debt is not ranked *
in the Asset Management industry.
Industry Median: 5.845
* Ranked among companies with meaningful Cash-to-Debt only.

Downing Planned Exit VCT 9 Cash-to-Debt Historical Data

The historical data trend for Downing Planned Exit VCT 9'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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Downing Planned Exit VCT 9 Cash-to-Debt Chart

Downing Planned Exit VCT 9 Annual Data
Trend Dec08 Dec09 Dec10 Dec11
Cash-to-Debt
No Debt No Debt No Debt No Debt

Downing Planned Exit VCT 9 Semi-Annual Data
Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only N/A No Debt N/A No Debt No Debt

Competitive Comparison of Downing Planned Exit VCT 9's Cash-to-Debt

For the Asset Management subindustry, Downing Planned Exit VCT 9'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.


Downing Planned Exit VCT 9's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Downing Planned Exit VCT 9's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Downing Planned Exit VCT 9's Cash-to-Debt falls into.



Downing Planned Exit VCT 9 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.

Downing Planned Exit VCT 9's Cash to Debt Ratio for the fiscal year that ended in Dec. 2011 is calculated as:

Downing Planned Exit VCT 9 had no debt (1).

Downing Planned Exit VCT 9's Cash to Debt Ratio for the quarter that ended in Jun. 2013 is calculated as:

Downing Planned Exit VCT 9 had no debt (1).

* 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.


Downing Planned Exit VCT 9  (LSE:DP9A) 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.


Downing Planned Exit VCT 9 Cash-to-Debt Related Terms

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Downing Planned Exit VCT 9 (LSE:DP9A) Business Description

Traded in Other Exchanges
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Address
Downing Planned Exit VCT 9 PLC is a venture capital trust. Its principal objectives are to: maintain VCT status to enable shareholders to benefit from 30.0% income tax relief on their original investment; reduce the risks normally associated with VCT investments; and target the payment of a tax free return to shareholders of at least 8.00% per annum over approximately seven years.

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