ProVen Growth &ome VCT (LSE:PGOO) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2023)

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

LSE:PGOO' 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, ProVen Growth &ome VCT's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:PGOO's Cash-to-Debt is ranked better than
99.73% of 1486 companies
in the Asset Management industry
Industry Median: 6.4 vs LSE:PGOO: No Debt

ProVen Growth &ome VCT Cash-to-Debt Historical Data

The historical data trend for ProVen Growth &ome 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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ProVen Growth &ome VCT Cash-to-Debt Chart

ProVen Growth &ome VCT Annual Data

Trend

Feb15

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Feb24

Cash-to-Debt

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No Debt

ProVen Growth &ome VCT Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of ProVen Growth &ome VCT's Cash-to-Debt

For the Asset Management subindustry, ProVen Growth &ome 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.

ProVen Growth &ome VCT's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where ProVen Growth &ome VCT's Cash-to-Debt falls into.

ProVen Growth &ome 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.

ProVen Growth &ome VCT's Cash to Debt Ratio for the fiscal year that ended in Feb. 2024 is calculated as:

ProVen Growth &ome VCT had no debt ⁽¹⁾.

ProVen Growth &ome VCT's Cash to Debt Ratio for the quarter that ended in Feb. 2023 is calculated as:

ProVen Growth &ome VCT had no debt ⁽¹⁾.

ProVen Growth &ome VCT (LSE:PGOO) 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.

ProVen Growth &ome VCT Cash-to-Debt Related Terms

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

ProVen Growth &ome VCT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ProVen Growth & Income VCT PLC (LSE:PGOO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Earlham Street, London, GBR, WC2H 9LT

Website

https://www.provenvcts.co.uk

ProVen Growth & Income VCT PLC operates as a venture capital trust (VCT). The company's investment objective is to achieve long-term returns greater than those available from investing in a portfolio of quoted companies, by investing in a portfolio of carefully selected qualifying investments in small and medium-sized unquoted companies with excellent growth prospects and a portfolio of non-qualifying investments including cash, liquidity funds, fixed interest securities, debt and debt-related securities in growth companies and non-qualifying venture capital investments, within the conditions imposed on all VCTs and to minimise the risk of each investment and the portfolio as a whole. Its portfolio of investments includes some sectors such as Technology, Healthcare and Business Services.

ProVen Growth &ome VCT Headlines

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ProVen Growth &ome VCT (LSE:PGOO) Cash-to-Debt : No Debt (1) (As of Feb. 2023)