Tufton Assets (LSE:SHIP) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2024)

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What is Tufton Assets 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. Tufton Assets's cash to debt ratio for the quarter that ended in Dec. 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, Tufton Assets could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 Tufton Assets's Cash-to-Debt or its related term are showing as below:

LSE:SHIP' 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 7 years, Tufton Assets's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:SHIP's Cash-to-Debt is ranked better than
99.73% of 1472 companies
in the Asset Management industry
Industry Median: 5.85 vs LSE:SHIP: No Debt

Tufton Assets Cash-to-Debt Historical Data

The historical data trend for Tufton Assets'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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Tufton Assets Cash-to-Debt Chart

Tufton Assets Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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No Debt

Tufton Assets Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial									No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Tufton Assets's Cash-to-Debt

For the Asset Management subindustry, Tufton Assets'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.

Tufton Assets's Cash-to-Debt Distribution in the Asset Management Industry

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

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

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Tufton Assets 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.

Tufton Assets's Cash to Debt Ratio for the fiscal year that ended in Jun. 2024 is calculated as:

Tufton Assets had no debt ⁽¹⁾.

Tufton Assets's Cash to Debt Ratio for the quarter that ended in Dec. 2024 is calculated as:

Tufton Assets had no debt ⁽¹⁾.

Tufton Assets (LSE:SHIP) 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.

Tufton Assets Cash-to-Debt Related Terms

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

Tufton Assets Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tufton Assets Ltd (LSE:SHIP) » 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.tuftonassets.com

Tufton Assets Ltd is an investment company, that invests in a diversified portfolio of second-hand commercial sea-going vessels. The company's investment objective is to provide investors with an attractive level of regular and growing income and capital returns.