ICG Enterprise Trust (LSE:ICGT) Cash-to-Debt : 0.32 (As of Jul. 2023)

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What is ICG Enterprise 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. ICG Enterprise Trust's cash to debt ratio for the quarter that ended in Jul. 2023 was 0.32.

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, ICG Enterprise Trust couldn't pay off its debt using the cash in hand for the quarter that ended in Jul. 2023.

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

LSE:ICGT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: No Debt Max: No Debt
Current: 0.32

During the past 13 years, ICG Enterprise Trust's highest Cash to Debt Ratio was No Debt. The lowest was 0.32. And the median was No Debt.

LSE:ICGT's Cash-to-Debt is ranked worse than
71.07% of 1476 companies
in the Asset Management industry
Industry Median: 5.445 vs LSE:ICGT: 0.32

ICG Enterprise Trust Cash-to-Debt Historical Data

The historical data trend for ICG Enterprise 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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ICG Enterprise Trust Cash-to-Debt Chart

ICG Enterprise Trust Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Cash-to-Debt

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No Debt

0.32

ICG Enterprise Trust Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	0.33	0.32	0.32

Competitive Comparison of ICG Enterprise Trust's Cash-to-Debt

For the Asset Management subindustry, ICG Enterprise 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.

ICG Enterprise Trust's Cash-to-Debt Distribution in the Asset Management Industry

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

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

ICG Enterprise 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.

ICG Enterprise Trust's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	20.694	/	(0	+	65.293)
	=	0.32

ICG Enterprise Trust's Cash to Debt Ratio for the quarter that ended in Jul. 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)
	=	23.504	/	(0	+	72.904)
	=	0.32

ICG Enterprise Trust (LSE:ICGT) 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.

ICG Enterprise Trust Cash-to-Debt Related Terms

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

ICG Enterprise Trust (LSE:ICGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ICG Enterprise Trust PLC (LSE:ICGT) » Definitions » Cash-to-Debt

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ICGTl:UK

Address

55 Ludgate Hill, Procession House, London, GBR, EC4M 7JW

Website

https://www.icg-enterprise.co.uk

ICG Enterprise Trust PLC is an investment trust based in the United Kingdom. It aims to provide its investors with long term capital growth through investment in unquoted companies and generating income and consistently high returns whilst protecting against investment downside. The nature of its investment portfolio comprises of investment in a variety of securities in the private equity market such as in large buy-outs, mid-market buy-outs, mezzanine, and small buy-outs, among others. It invests in various sectors, such as business services, industrials, healthcare and education, consumer goods and services, leisure, and financials.

ICG Enterprise Trust (LSE:ICGT) Headlines

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