NextEnergy Solar Fund (LSE:NESF) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2023)

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

LSE:NESF' 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 9 years, NextEnergy Solar Fund's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:NESF's Cash-to-Debt is ranked better than
99.93% of 1476 companies
in the Asset Management industry
Industry Median: 5.445 vs LSE:NESF: No Debt

NextEnergy Solar Fund Cash-to-Debt Historical Data

The historical data trend for NextEnergy Solar 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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NextEnergy Solar Fund Cash-to-Debt Chart

NextEnergy Solar Fund Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

NextEnergy Solar Fund Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial											No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of NextEnergy Solar Fund's Cash-to-Debt

For the Asset Management subindustry, NextEnergy Solar 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.

NextEnergy Solar Fund's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where NextEnergy Solar Fund's Cash-to-Debt falls into.

NextEnergy Solar 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.

NextEnergy Solar Fund's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

NextEnergy Solar Fund had no debt ⁽¹⁾.

NextEnergy Solar Fund's Cash to Debt Ratio for the quarter that ended in Mar. 2023 is calculated as:

NextEnergy Solar Fund had no debt ⁽¹⁾.

NextEnergy Solar Fund (LSE:NESF) 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.

NextEnergy Solar Fund Cash-to-Debt Related Terms

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NextEnergy Solar Fund (LSE:NESF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » NextEnergy Solar Fund Ltd (LSE:NESF) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

NESFl:UK

Address

Trafalgar Court, Floor 2, Les Banques, St. Peter Port, GGY, GY1 4LY

Website

https://www.nextenergysolarfund.com

NextEnergy Solar Fund Ltd is a closed-ended investment company. The company seeks to provide investors with a sustainable and attractive dividend that increases in line with RPI over the long term. It invests in solar photovoltaic plants or debt financing through its subsidiaries and generates revenues from the sale of electricity.

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NextEnergy Solar Fund (LSE:NESF) Cash-to-Debt : No Debt (1) (As of Mar. 2023)