Polar Capital Global Financials Trust (LSE:PCFT) Cash-to-Debt : 0.53 (As of Nov. 2023)

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What is Polar Capital Global Financials Trust 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. Polar Capital Global Financials Trust's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.53.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Polar Capital Global Financials Trust couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

The historical rank and industry rank for Polar Capital Global Financials Trust's Cash-to-Debt or its related term are showing as below:

LSE:PCFT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.37 Max: 0.53
Current: 0.53

During the past 11 years, Polar Capital Global Financials Trust's highest Cash to Debt Ratio was 0.53. The lowest was 0.01. And the median was 0.37.

LSE:PCFT's Cash-to-Debt is ranked worse than
65.56% of 1452 companies
in the Asset Management industry
Industry Median: 5.72 vs LSE:PCFT: 0.53

Polar Capital Global Financials Trust Cash-to-Debt Historical Data

The historical data trend for Polar Capital Global Financials Trust'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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Polar Capital Global Financials Trust Cash-to-Debt Chart

Polar Capital Global Financials Trust Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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0.12

0.01

0.52

0.49

0.53

Polar Capital Global Financials Trust Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															0.52	0.68	0.49	0.86	0.53

Competitive Comparison of Polar Capital Global Financials Trust's Cash-to-Debt

For the Asset Management subindustry, Polar Capital Global Financials Trust'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.

Polar Capital Global Financials Trust's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Polar Capital Global Financials Trust's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Polar Capital Global Financials Trust's Cash-to-Debt falls into.

Polar Capital Global Financials Trust 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.

Polar Capital Global Financials Trust's Cash to Debt Ratio for the fiscal year that ended in Nov. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	36.406	/	(0	+	69.032)
	=	0.53

Polar Capital Global Financials Trust's Cash to Debt Ratio for the quarter that ended in Nov. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	36.406	/	(0	+	69.032)
	=	0.53

Polar Capital Global Financials Trust (LSE:PCFT) 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.

Polar Capital Global Financials Trust Cash-to-Debt Related Terms

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

Polar Capital Global Financials Trust (LSE:PCFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Polar Capital Global Financials Trust PLC (LSE:PCFT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PCFTl:UK

Address

16 Palace Street, London, GBR, SW1E 5JD

Website

https://www.polarcapitalglobalfinancialstrust.com

Polar Capital Global Financials Trust PLC is an asset management firm based in the United Kingdom. Its core objective is to provide its investors with a growing dividend income with capital appreciation. To achieve this, the company invests in listed or quoted securities issued by companies in the financial sector operating in the banking, insurance, property, and other subsectors. Its portfolio entails equities, index-linked and other debt securities, cash deposits, money market instruments, foreign currency exchange transactions, forward transactions, index options, and other instruments, including derivatives. It has a diversified portfolio of investments in different geographical regions such as North America, Europe, Asia, the United Kingdom, Latin America, Japan, and East Europe.

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