Henderson Highome Trust (LSE:HHI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2024)

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What is Henderson 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. Henderson Highome Trust'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, Henderson Highome Trust 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 Henderson Highome Trust's Cash-to-Debt or its related term are showing as below:

LSE:HHI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: No Debt
Current: 0.08

During the past 13 years, Henderson Highome Trust's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.06.

LSE:HHI's Cash-to-Debt is ranked worse than
85.29% of 1455 companies
in the Asset Management industry
Industry Median: 5.53 vs LSE:HHI: 0.08

Henderson Highome Trust Cash-to-Debt Historical Data

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

Henderson Highome Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.05

0.01

0.07

0.06

0.04

Henderson Highome Trust Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	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															0.07	0.06	0.06	0.04	No Debt

Competitive Comparison of Henderson Highome Trust's Cash-to-Debt

For the Asset Management subindustry, Henderson 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.

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

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

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

Henderson 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.

Henderson Highome Trust's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	1.99	/	(0	+	50.506)
	=	0.04

Henderson Highome Trust's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Henderson Highome Trust had no debt ⁽¹⁾.

Henderson Highome Trust (LSE:HHI) 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.

Henderson Highome Trust Cash-to-Debt Related Terms

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

Henderson Highome Trust Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

HHIl:UK

Address

201 Bishopsgate, London, GBR, EC2M 3AE

Website

https://www.janushenderson.com

Henderson High Income Trust PLC is a United Kingdom-based investment trust. The company's investment objective is to invest in a prudently diversified selection of both known and smaller companies to provide investors with a high dividend income stream while also maintaining the prospect of capital growth. To achieve this objective, the company invests substantially in ordinary shares of listed companies and the rest in fixed-interest stocks. Henderson's trust comprises securities in a variety of sectors, including financials, consumer goods, consumer services, fixed interest, telecommunications, utilities, healthcare, oil, and gas. The majority of its investments are based in the United Kingdom.

Henderson Highome Trust Headlines

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Henderson Highome Trust (LSE:HHI) Cash-to-Debt : No Debt (1) (As of Jun. 2024)