European Opportunities Trust (LSE:EOT) Cash-to-Debt : No Debt ⁽¹⁾ (As of Nov. 2023)

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What is European Opportunities 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. European Opportunities Trust's cash to debt ratio for the quarter that ended in Nov. 2023 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, European Opportunities Trust could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

(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 European Opportunities Trust's Cash-to-Debt or its related term are showing as below:

LSE:EOT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 5000.85 Max: No Debt
Current: 0.04

During the past 13 years, European Opportunities Trust's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 5000.85.

LSE:EOT's Cash-to-Debt is ranked worse than
91.17% of 1473 companies
in the Asset Management industry
Industry Median: 5.79 vs LSE:EOT: 0.04

European Opportunities Trust Cash-to-Debt Historical Data

The historical data trend for European Opportunities 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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European Opportunities Trust Cash-to-Debt Chart

European Opportunities Trust Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cash-to-Debt

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0.22

1.70

0.15

0.07

0.09

European Opportunities 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	0.07	No Debt	0.09	No Debt

Competitive Comparison of European Opportunities Trust's Cash-to-Debt

For the Asset Management subindustry, European Opportunities 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.

European Opportunities Trust's Cash-to-Debt Distribution in the Asset Management Industry

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

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

European Opportunities 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.

European Opportunities Trust's Cash to Debt Ratio for the fiscal year that ended in May. 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)
	=	6.951	/	(0	+	75)
	=	0.09

European Opportunities Trust's Cash to Debt Ratio for the quarter that ended in Nov. 2023 is calculated as:

European Opportunities Trust had no debt ⁽¹⁾.

European Opportunities Trust (LSE:EOT) 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.

European Opportunities Trust Cash-to-Debt Related Terms

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European Opportunities Trust (LSE:EOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » European Opportunities Trust PLC (LSE:EOT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EOTl:UK

Address

123 Victoria Street, Third Floor / MYO, London, GBR, SW1E 6DE

Website

https://www.devonem.com

European Opportunities Trust PLC is an investment trust company that principally is active in portfolio investment. It mainly invests in securities of European companies and geographical sectors or areas which offer good prospects for capital growth. It adopts a stock-picking approach to identify long-term superior growth prospects as well as focuses on the companies which have proprietary technology, management, and the ability of sustainable growth. It invests in securities of various sectors including Basic Materials, Industrials, Health Care, Financials, Consumer Services in Denmark, France, Germany, UK, Spain, and others. The group's revenue mainly comprises Dividends, Foreign exchange income, and other investment income.

European Opportunities Trust (LSE:EOT) Cash-to-Debt : No Debt (1) (As of Nov. 2023)