TPVG (TriplePoint Venture Growth BDC) Cash-to-Debt : 0.12 (As of Sep. 2024)

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What is TriplePoint Venture Growth BDC 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. TriplePoint Venture Growth BDC's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.12.

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, TriplePoint Venture Growth BDC 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 TriplePoint Venture Growth BDC's Cash-to-Debt or its related term are showing as below:

TPVG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.12 Max: 1.02
Current: 0.12

During the past 11 years, TriplePoint Venture Growth BDC's highest Cash to Debt Ratio was 1.02. The lowest was 0.01. And the median was 0.12.

TPVG's Cash-to-Debt is ranked worse than
81.22% of 1454 companies
in the Asset Management industry
Industry Median: 5.505 vs TPVG: 0.12

TriplePoint Venture Growth BDC Cash-to-Debt Historical Data

The historical data trend for TriplePoint Venture Growth BDC'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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TriplePoint Venture Growth BDC Cash-to-Debt Chart

TriplePoint Venture Growth BDC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.06

0.15

0.11

0.09

0.25

TriplePoint Venture Growth BDC 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															0.17	0.25	-	0.13	0.12

Competitive Comparison of TriplePoint Venture Growth BDC's Cash-to-Debt

For the Asset Management subindustry, TriplePoint Venture Growth BDC'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.

TriplePoint Venture Growth BDC's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, TriplePoint Venture Growth BDC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where TriplePoint Venture Growth BDC's Cash-to-Debt falls into.

TriplePoint Venture Growth BDC 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.

TriplePoint Venture Growth BDC'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)
	=	153.328	/	(0	+	607.896)
	=	0.25

TriplePoint Venture Growth BDC'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)
	=	48.283	/	(0	+	403.594)
	=	0.12

TriplePoint Venture Growth BDC (NYSE:TPVG) 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.

TriplePoint Venture Growth BDC Cash-to-Debt Related Terms

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

TriplePoint Venture Growth BDC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » TriplePoint Venture Growth BDC Corp (NYSE:TPVG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

6JS:Germany

Address

2755 Sand Hill Road, Suite 150, Menlo Park, CA, USA, 94025

Website

https://www.tpvg.com

TriplePoint Venture Growth BDC Corp is a closed-end, non-diversified management investment company. Its investment objective is to maximize its total return to stockholders in the form of current income and, to a lesser extent, capital appreciation. The fund focuses on companies operating in the fields of biofuels, business applications software, wireless communications equipment, e-commerce, clothing and accessories, conferencing equipment and services, personal goods, financial institutions and services, entertainment, mixed retailing, and healthcare services. Geographically, all the operations of the firm function through the region of the United states.

Executives

Sajal Srivastava	director, officer: See Remarks	2755 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025
Katherine J Park	director	2755 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025
Stephen Cassani	director	700 EMERSON STREET, PALO ALTO CA 94301
Cynthia M. Fornelli	director	2755 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025
Kimberley H Vogel	director	63 CONSTITUTION DRIVE, CHICO CA 95973
Christopher M. Mathieu	officer: Chief Financial Officer	312 FARMINGTON AVENUE, FARMINGTON CT 06032
Gilbert Ahye	director	200 VESEY ST, NEW YORK NY 10285
Christopher Gastelu	officer: See Remarks	920 WOODLAND AVENUE, ORADELL NJ 07649
James Labe	director, officer: Chief Executive Officer	2755 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025
Steven Bird	director	525 UNIVERSITY AVE, SUITE 225, PALO ALTO CA 94301
Andrew Olson	officer: Chief Financial Officer	C/O HERCULES TECHNOLOGY GROWTH CAPITAL, 400 HAMILTON AVENUE, SUITE 310, PALO ALTO CA 94301
Harold F Zagunis	officer: Chief Financial Officer	ONE BELVEDERE, SUITE 300, MILL VALLEY CA 94941
Boathouse Row Ii L P	10 percent owner	450 SANSOME STREET, SUITE 1500, SAN FRAN CA 94111
Philadelphia Financial Management Of San Francisco, Llc	10 percent owner	450 SANSOME STREET, SUITE 1500, SAN FRANCISCO CA 94111
Boathouse Row I, L.p.	10 percent owner	450 SANSOME STREET, SUITE 1500, SAN FRANCISCO CA 94111