Onward Opportunities (LSE:ONWD) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Onward Opportunities 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. Onward Opportunities'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, Onward Opportunities 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 Onward Opportunities's Cash-to-Debt or its related term are showing as below:

LSE:ONWD's Cash-to-Debt is not ranked ^*
in the Asset Management industry.
Industry Median: 5.65
* Ranked among companies with meaningful Cash-to-Debt only.

Onward Opportunities Cash-to-Debt Historical Data

The historical data trend for Onward Opportunities'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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Onward Opportunities Cash-to-Debt Chart

Onward Opportunities Annual Data

Trend

Dec23

Cash-to-Debt

No Debt

Onward Opportunities Semi-Annual Data
	Jun23
Cash-to-Debt	No Debt

Competitive Comparison of Onward Opportunities's Cash-to-Debt

For the Asset Management subindustry, Onward Opportunities'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.

Onward Opportunities's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Onward Opportunities 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.

Onward Opportunities's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Onward Opportunities had no debt ⁽¹⁾.

Onward Opportunities's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Onward Opportunities had no debt ⁽¹⁾.

Onward Opportunities (LSE:ONWD) 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.

Onward Opportunities Cash-to-Debt Related Terms

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

Onward Opportunities (LSE:ONWD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Onward Opportunities Ltd (LSE:ONWD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

https://www.onwardopportunities.co.uk

Onward Opportunities Ltd operates as a non-cellular (closed-ended) company limited by shares. The company's investment objective is to seek to generate risk-adjusted absolute returns for Shareholders through investments in UK smaller companies. Returns are expected to be principally derived from capital growth over a target three to five-year holding period with an appropriate diversification of investment risk.

Onward Opportunities (LSE:ONWD) Headlines

No Headlines

Onward Opportunities (LSE:ONWD) Cash-to-Debt : No Debt (1) (As of Jun. 2023)