Triple Pointome VCT (LSE:TPVA) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2022)

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What is Triple Pointome 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. Triple Pointome VCT's cash to debt ratio for the quarter that ended in Sep. 2022 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, Triple Pointome VCT could pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

(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 Triple Pointome VCT's Cash-to-Debt or its related term are showing as below:

LSE:TPVA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Triple Pointome VCT's highest Cash to Debt Ratio was No Debt. The lowest was 0.08. And the median was No Debt.

LSE:TPVA's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 5.605 vs LSE:TPVA: No Debt

Triple Pointome VCT Cash-to-Debt Historical Data

The historical data trend for Triple Pointome 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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Triple Pointome VCT Cash-to-Debt Chart

Triple Pointome VCT Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.31

0.23

No Debt

Triple Pointome VCT Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial															0.27	0.23	0.08	No Debt	No Debt

Competitive Comparison of Triple Pointome VCT's Cash-to-Debt

For the Asset Management subindustry, Triple Pointome 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.

Triple Pointome VCT's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Triple Pointome VCT Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities 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.

Triple Pointome VCT's Cash to Debt Ratio for the fiscal year that ended in Mar. 2022 is calculated as:

Triple Pointome VCT had no debt ⁽¹⁾.

Triple Pointome VCT's Cash to Debt Ratio for the quarter that ended in Sep. 2022 is calculated as:

Triple Pointome VCT had no debt ⁽¹⁾.

Triple Pointome VCT (LSE:TPVA) 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.

Triple Pointome VCT Cash-to-Debt Related Terms

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

Triple Pointome VCT (LSE:TPVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Triple Point Income VCT PLC (LSE:TPVA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 King William Street, London, GBR, EC4N 7AF

Website

https://www.triplepoint.co.uk

Triple Point Income VCT PLC is a part of the financial services domain in the United Kingdom. It is a venture capital trust formed with the objective of capital preservation and payment of regular tax-free dividends to investors. The company's mission comprises three priorities, which are capital security, liquidity, and predictable returns. It has chosen to focus its investing activities towards companies involved in renewable energy, energy production, innovative vertical growing, and SME funding.

Triple Pointome VCT (LSE:TPVA) Headlines

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Triple Pointome VCT (LSE:TPVA) Cash-to-Debt : No Debt (1) (As of Sep. 2022)