BlackRock Throgmorton Trust (LSE:THRG) Cash-to-Debt : 79.50 (As of Nov. 2023)

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What is BlackRock Throgmorton 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. BlackRock Throgmorton Trust's cash to debt ratio for the quarter that ended in Nov. 2023 was 79.50.

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, BlackRock Throgmorton Trust could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

LSE:THRG' s Cash-to-Debt Range Over the Past 10 Years
Min: 79.5 Med: No Debt Max: No Debt
Current: 79.5

During the past 13 years, BlackRock Throgmorton Trust's highest Cash to Debt Ratio was No Debt. The lowest was 79.50. And the median was No Debt.

LSE:THRG's Cash-to-Debt is ranked better than
60.87% of 1449 companies
in the Asset Management industry
Industry Median: 5.79 vs LSE:THRG: 79.50

BlackRock Throgmorton Trust Cash-to-Debt Historical Data

The historical data trend for BlackRock Throgmorton 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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BlackRock Throgmorton Trust Cash-to-Debt Chart

BlackRock Throgmorton Trust Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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No Debt

79.50

BlackRock Throgmorton 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															No Debt	No Debt	No Debt	No Debt	79.50

Competitive Comparison of BlackRock Throgmorton Trust's Cash-to-Debt

For the Asset Management subindustry, BlackRock Throgmorton 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.

BlackRock Throgmorton Trust's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where BlackRock Throgmorton Trust's Cash-to-Debt falls into.

BlackRock Throgmorton 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.

BlackRock Throgmorton 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)
	=	24.328	/	(0	+	0.306)
	=	79.50

BlackRock Throgmorton 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)
	=	24.328	/	(0	+	0.306)
	=	79.50

BlackRock Throgmorton Trust (LSE:THRG) 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.

BlackRock Throgmorton Trust Cash-to-Debt Related Terms

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

BlackRock Throgmorton Trust (LSE:THRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BlackRock Throgmorton Trust PLC (LSE:THRG) » Definitions » Cash-to-Debt

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THRGl:UK

Address

12 Throgmorton Avenue, London, GBR, EC2N 2DL

Website

https://www.blackrock.com

BlackRock Throgmorton Trust PLC is an investment trust engaged in the business of portfolio investment. Its products are unit trusts, exchange-traded funds, investment trusts, and charities. The company follows a business model of externally managed investment trust. The company performs through the traditional long-only portfolio and long and short portfolio comprising contracts for difference.

BlackRock Throgmorton Trust (LSE:THRG) Headlines

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