SLR Investment (LTS:0L7O) Cash-to-Debt : 0.31 (As of Sep. 2024)

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What is SLR Investment 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. SLR Investment's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.31.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, SLR Investment couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

LTS:0L7O' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 0.46 Max: 2.82
Current: 0.31

During the past 13 years, SLR Investment's highest Cash to Debt Ratio was 2.82. The lowest was 0.24. And the median was 0.46.

LTS:0L7O's Cash-to-Debt is ranked worse than
71.82% of 1455 companies
in the Asset Management industry
Industry Median: 5.53 vs LTS:0L7O: 0.31

SLR Investment Cash-to-Debt Historical Data

The historical data trend for SLR Investment'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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SLR Investment Cash-to-Debt Chart

SLR Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.74

0.58

0.40

0.39

0.29

SLR Investment Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.29	0.29	0.27	0.25	0.31

Competitive Comparison of SLR Investment's Cash-to-Debt

For the Asset Management subindustry, SLR Investment'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.

SLR Investment's Cash-to-Debt Distribution in the Asset Management Industry

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

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

SLR Investment 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.

SLR Investment's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	344.154	/	(0	+	1177.777)
	=	0.29

SLR Investment's Cash to Debt Ratio for the quarter that ended in Sep. 2024 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)
	=	345.633	/	(0	+	1101.954)
	=	0.31

SLR Investment (LTS:0L7O) 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.

SLR Investment Cash-to-Debt Related Terms

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SLR Investment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » SLR Investment Corp (LTS:0L7O) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SLRC:USA ZSL:Germany

Address

500 Park Avenue, New York, NY, USA, 10022

Website

https://www.slrinvestmentcorp.com

SLR Investment Corp is a closed-end externally managed, non-diversified management investment company that has elected to be treated as a business development company. It provides U.S. middle market businesses and intermediaries with bespoke debt financing solutions to fund working capital, acquisition, refinancing and growth capital requirements. It invests majorly in leveraged middle-market companies in the form of senior secured loans, financing leases and to a lesser extent, unsecured loans and equity securities.

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