TwentyFourome Fund (LSE:TFIF) Cash-to-Debt : 2.54 (As of Sep. 2023)

View and export this data going back to 2013. Start your Free Trial

What is TwentyFourome Fund 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. TwentyFourome Fund's cash to debt ratio for the quarter that ended in Sep. 2023 was 2.54.

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, TwentyFourome Fund could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for TwentyFourome Fund's Cash-to-Debt or its related term are showing as below:

LSE:TFIF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: No Debt Max: No Debt
Current: 2.54

During the past 10 years, TwentyFourome Fund's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was No Debt.

LSE:TFIF's Cash-to-Debt is ranked worse than
54.34% of 1463 companies
in the Asset Management industry
Industry Median: 5.56 vs LSE:TFIF: 2.54

TwentyFourome Fund Cash-to-Debt Historical Data

The historical data trend for TwentyFourome Fund'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.

* Premium members only.

TwentyFourome Fund Cash-to-Debt Chart

TwentyFourome Fund Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.06

0.42

3.96

0.55

TwentyFourome Fund Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.33	3.96	0.59	0.55	2.54

Competitive Comparison of TwentyFourome Fund's Cash-to-Debt

For the Asset Management subindustry, TwentyFourome Fund'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.

TwentyFourome Fund's Cash-to-Debt Distribution in the Asset Management Industry

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

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

TwentyFourome Fund 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.

TwentyFourome Fund's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	27.235	/	(0	+	49.828)
	=	0.55

TwentyFourome Fund's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	15.024	/	(0	+	5.921)
	=	2.54

TwentyFourome Fund (LSE:TFIF) 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.

TwentyFourome Fund Cash-to-Debt Related Terms

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

TwentyFourome Fund (LSE:TFIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » TwentyFour Income Fund Ltd (LSE:TFIF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TFIFl:UK

Address

Trafalgar Court, PO Box 255, Les Banques, St Peter Port, GGY, GY1 3QL

Website

https://www.twentyfouram.com

TwentyFour Income Fund Ltd is a closed-ended investment fund based in the United Kingdom. The company's investment objective is to generate risk-adjusted returns principally through income distributions. Hence, the company follows an investment policy to invest in a diversified portfolio of the United Kingdom and European Asset-Backed Securities. It offers a range of specialist fixed income funds and services to suit the different requirements of its investors.

TwentyFourome Fund (LSE:TFIF) Headlines

No Headlines