ProVen VCT (LSE:PVN) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2023)

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What is ProVen 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 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 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 VCT's Cash-to-Debt or its related term are showing as below:

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

LSE:PVN's Cash-to-Debt is ranked better than
99.93% of 1466 companies
in the Asset Management industry
Industry Median: 5.545 vs LSE:PVN: No Debt

ProVen VCT Cash-to-Debt Historical Data

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

ProVen VCT Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Cash-to-Debt

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No Debt

ProVen 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 VCT's Cash-to-Debt

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

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

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

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

ProVen VCT had no debt ⁽¹⁾.

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

ProVen VCT had no debt ⁽¹⁾.

ProVen VCT (LSE:PVN) 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 VCT Cash-to-Debt Related Terms

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

ProVen VCT (LSE:PVN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Drury Lane, Charter House, London, GBR, WC2B 5SQ

Website

https://www.provenvcts.co.uk

ProVen VCT PLC is a United Kingdom-based venture capital trust. Its investment objectives are to achieve a total return greater than that available from direct investment in quoted businesses 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.

ProVen VCT (LSE:PVN) Headlines

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ProVen VCT (LSE:PVN) Cash-to-Debt : No Debt (1) (As of Feb. 2023)