Octopus Titan VCT (LSE:OTV2) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2024)

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What is Octopus Titan 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 Titan VCT's cash to debt ratio for the quarter that ended in Jun. 2024 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 Titan VCT could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

(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 Titan VCT's Cash-to-Debt or its related term are showing as below:

LSE:OTV2' 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 Titan VCT's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:OTV2's Cash-to-Debt is ranked better than
99.72% of 1431 companies
in the Asset Management industry
Industry Median: 4.98 vs LSE:OTV2: No Debt

Octopus Titan VCT Cash-to-Debt Historical Data

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

Octopus Titan VCT Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Octopus Titan VCT Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Asset Management subindustry, Octopus Titan 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 Titan VCT's Cash-to-Debt Distribution in the Asset Management Industry

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

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

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

Octopus Titan VCT had no debt ⁽¹⁾.

Octopus Titan VCT's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Octopus Titan VCT had no debt ⁽¹⁾.

Octopus Titan VCT (LSE:OTV2) 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 Titan VCT Cash-to-Debt Related Terms

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

Octopus Titan VCT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Octopus Titan VCT PLC (LSE:OTV2) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Holborn, London, GBR, EC1N 2HT

Website

https://www.octopusinvestments.com

Octopus Titan VCT PLC invests in a diversified portfolio of UK smaller companies in order to generate capital growth over the long term as well as an attractive tax-free dividend stream. Its investment strategy aims to back the next generation of entrepreneurs technology and tech-enabled businesses in five dedicated areas, namely, health, fintech, deep tech, consumer and business-to-business software.

Octopus Titan VCT Headlines

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Octopus Titan VCT (LSE:OTV2) Cash-to-Debt : No Debt (1) (As of Jun. 2024)