NB Global Monthlyome Fund (LSE:NBCS) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is NB Global Monthlyome 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. NB Global Monthlyome Fund's cash to debt ratio for the quarter that ended in Jun. 2023 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, NB Global Monthlyome Fund could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

(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 NB Global Monthlyome Fund's Cash-to-Debt or its related term are showing as below:

LSE:NBCS' 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 12 years, NB Global Monthlyome Fund's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:NBCS's Cash-to-Debt is ranked better than
99.93% of 1449 companies
in the Asset Management industry
Industry Median: 5.79 vs LSE:NBCS: No Debt

NB Global Monthlyome Fund Cash-to-Debt Historical Data

The historical data trend for NB Global Monthlyome 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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NB Global Monthlyome Fund Cash-to-Debt Chart

NB Global Monthlyome Fund Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

NB Global Monthlyome Fund Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of NB Global Monthlyome Fund's Cash-to-Debt

For the Asset Management subindustry, NB Global Monthlyome 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.

NB Global Monthlyome Fund's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where NB Global Monthlyome Fund's Cash-to-Debt falls into.

NB Global Monthlyome 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.

NB Global Monthlyome Fund's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

NB Global Monthlyome Fund had no debt ⁽¹⁾.

NB Global Monthlyome Fund's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

NB Global Monthlyome Fund had no debt ⁽¹⁾.

NB Global Monthlyome Fund (LSE:NBCS) 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.

NB Global Monthlyome Fund Cash-to-Debt Related Terms

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

NB Global Monthlyome Fund (LSE:NBCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » NB Global Monthly Income Fund Ltd (LSE:NBCS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NBMIl:UK NBMI:UK

Address

1 Royal Plaza, Royal Avenue, St Peter Port, GGY, GY1 2HL

Website

https://www.nbgmif.com

NB Global Monthly Income Fund Ltd is a closed-ended investment company. Its investment objective is to provide its shareholders with consistent levels of monthly income while maintaining or increasing the Net Asset Value (NAV) per share over time. It invests in diversified industry sectors. The Company's investment objective had been to target consistent levels of monthly income, whilst seeking to preserve or increase investors' capital. The Fund's managers seek to achieve the objective by investing in a broad range of credit assets, including but not limited to high yield and investment grade bonds and alternative credit comprising of distressed debt, mezzanine debt, and private corporate loans.

NB Global Monthlyome Fund (LSE:NBCS) Headlines

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NB Global Monthlyome Fund (LSE:NBCS) Cash-to-Debt : No Debt (1) (As of Jun. 2023)