Octopus Apollo VCT (LSE:OAP3) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jul. 2023)

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

LSE:OAP3' 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, Octopus Apollo VCT's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:OAP3's Cash-to-Debt is ranked better than
99.93% of 1448 companies
in the Asset Management industry
Industry Median: 5.72 vs LSE:OAP3: No Debt

Octopus Apollo VCT Cash-to-Debt Historical Data

The historical data trend for Octopus Apollo VCT'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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Octopus Apollo VCT Cash-to-Debt Chart

Octopus Apollo VCT Annual Data

Trend

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Jan23

Cash-to-Debt

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No Debt

Octopus Apollo VCT Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Octopus Apollo VCT's Cash-to-Debt

For the Asset Management subindustry, Octopus Apollo VCT'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.

Octopus Apollo VCT's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Octopus Apollo VCT's Cash-to-Debt falls into.

Octopus Apollo VCT 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.

Octopus Apollo VCT's Cash to Debt Ratio for the fiscal year that ended in Jan. 2023 is calculated as:

Octopus Apollo VCT had no debt ⁽¹⁾.

Octopus Apollo VCT's Cash to Debt Ratio for the quarter that ended in Jul. 2023 is calculated as:

Octopus Apollo VCT had no debt ⁽¹⁾.

Octopus Apollo VCT (LSE:OAP3) 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.

Octopus Apollo VCT Cash-to-Debt Related Terms

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

Octopus Apollo VCT (LSE:OAP3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Octopus Apollo VCT PLC (LSE:OAP3) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Holborn, 6th Floor, London, GBR, EC1N 2HT

Website

https://www.octopusinvestments.com

Octopus Apollo VCT PLC is a venture capital trust company based in the United Kingdom. The company aims to provide shareholders with attractive tax-free dividends and long-term capital growth by investing in a diverse portfolio of predominantly unquoted companies. The company's portfolio of investments comprises of various unquoted investment instruments, including ordinary and preference shares, loan stocks and convertible securities, to achieve an appropriate balance of income and capital growth. It holds a diversified portfolio by investing in a broad range of industry sectors.

Octopus Apollo VCT (LSE:OAP3) Headlines

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Octopus Apollo VCT (LSE:OAP3) Cash-to-Debt : No Debt (1) (As of Jul. 2023)