New Century AIM VCT 2 (LSE:NCA2) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is New Century AIM VCT 2 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. New Century AIM VCT 2's cash to debt ratio for the quarter that ended in Dec. 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, New Century AIM VCT 2 could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 New Century AIM VCT 2's Cash-to-Debt or its related term are showing as below:

LSE:NCA2' 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 13 years, New Century AIM VCT 2's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:NCA2's Cash-to-Debt is ranked better than
99.93% of 1456 companies
in the Asset Management industry
Industry Median: 5.935 vs LSE:NCA2: No Debt

New Century AIM VCT 2 Cash-to-Debt Historical Data

The historical data trend for New Century AIM VCT 2'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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New Century AIM VCT 2 Cash-to-Debt Chart

New Century AIM VCT 2 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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N/A

No Debt

New Century AIM VCT 2 Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															N/A	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of New Century AIM VCT 2's Cash-to-Debt

For the Asset Management subindustry, New Century AIM VCT 2'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.

New Century AIM VCT 2's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, New Century AIM VCT 2's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where New Century AIM VCT 2's Cash-to-Debt falls into.

New Century AIM VCT 2 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.

New Century AIM VCT 2's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

New Century AIM VCT 2 had no debt ⁽¹⁾.

New Century AIM VCT 2's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

New Century AIM VCT 2 had no debt ⁽¹⁾.

New Century AIM VCT 2 (LSE:NCA2) 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.

New Century AIM VCT 2 Cash-to-Debt Related Terms

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New Century AIM VCT 2 (LSE:NCA2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » New Century AIM VCT 2 PLC (LSE:NCA2) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Mark Lane, 4th Floor, London, GBR, EC3R 7QR

Website

New Century AIM VCT 2 PLC is a venture capital trust engaged in long-term equity and loan investments in UK Listed, AIM traded, and unquoted companies in the United Kingdom. Its principal investment objective is to achieve long-term capital growth through investment in a diversified portfolio of qualifying companies quoted on AIM. The Company invests its funds in companies traded on AIM, which entail a higher degree of risk than investments in large listed companies.

New Century AIM VCT 2 (LSE:NCA2) Headlines

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New Century AIM VCT 2 (LSE:NCA2) Cash-to-Debt : No Debt (1) (As of Dec. 2023)