Henderson EuroTrust (LSE:HNE) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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What is Henderson EuroTrust 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 EuroTrust's cash to debt ratio for the quarter that ended in Jan. 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 EuroTrust could pay off its debt using the cash in hand for the quarter that ended in Jan. 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 EuroTrust's Cash-to-Debt or its related term are showing as below:

LSE:HNE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.86 Max: No Debt
Current: 0.26

During the past 13 years, Henderson EuroTrust's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 0.86.

LSE:HNE's Cash-to-Debt is ranked worse than
74.09% of 1463 companies
in the Asset Management industry
Industry Median: 5.56 vs LSE:HNE: 0.26

Henderson EuroTrust Cash-to-Debt Historical Data

The historical data trend for Henderson EuroTrust'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 EuroTrust Cash-to-Debt Chart

Henderson EuroTrust Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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0.49

0.03

No Debt

0.20

0.31

Henderson EuroTrust Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.77	0.20	0.85	0.31	No Debt

Competitive Comparison of Henderson EuroTrust's Cash-to-Debt

For the Asset Management subindustry, Henderson EuroTrust'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 EuroTrust's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Henderson EuroTrust 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 EuroTrust's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	2.687	/	(0	+	8.569)
	=	0.31

Henderson EuroTrust's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Henderson EuroTrust had no debt ⁽¹⁾.

Henderson EuroTrust (LSE:HNE) 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 EuroTrust Cash-to-Debt Related Terms

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

Henderson EuroTrust (LSE:HNE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Henderson EuroTrust PLC (LSE:HNE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HNEl:UK

Address

201 Bishopsgate, London, GBR, EC2M 3AE

Website

https://www.janushenderson.com

Henderson EuroTrust PLC is a UK-based investment company. Its primary objective is to invest in large and medium-sized European stocks to achieve a superior total return. Its investment portfolio spans across various sectors such as healthcare, food producers, air freight and logistics, software and computer services, support services, construction, financial services, industrials, telecommunications, Leisure goods, Gas Water and Multiutilities, General Retailers, pharmaceuticals, software, Chemicals, and insurance.

Henderson EuroTrust (LSE:HNE) Headlines

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Henderson EuroTrust (LSE:HNE) Cash-to-Debt : No Debt (1) (As of Jan. 2024)