Martin Currie Asia Unconstrained Trust (LSE:MCP) Cash-to-Debt : 0.92 (As of Mar. 2019)

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What is Martin Currie Asia Unconstrained 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. Martin Currie Asia Unconstrained Trust's cash to debt ratio for the quarter that ended in Mar. 2019 was 0.92.

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, Martin Currie Asia Unconstrained Trust couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2019.

The historical rank and industry rank for Martin Currie Asia Unconstrained Trust's Cash-to-Debt or its related term are showing as below:

LSE:MCP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: No Debt Max: No Debt
Current: 0.68

During the past 13 years, Martin Currie Asia Unconstrained Trust's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was No Debt.

LSE:MCP's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 5.39 vs LSE:MCP: 0.68

Martin Currie Asia Unconstrained Trust Cash-to-Debt Historical Data

The historical data trend for Martin Currie Asia Unconstrained 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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Martin Currie Asia Unconstrained Trust Cash-to-Debt Chart

Martin Currie Asia Unconstrained Trust Annual Data

Trend

Feb09

Feb10

Feb11

Feb12

Feb13

Mar15

Mar16

Mar17

Mar18

Mar19

Cash-to-Debt

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No Debt

0.29

0.52

0.85

0.92

Martin Currie Asia Unconstrained Trust Semi-Annual Data
	Feb09	Aug09	Feb10	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13	Aug13	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19
Cash-to-Debt	Get a 7-Day Free Trial															0.52	0.68	0.85	0.22	0.92

Competitive Comparison of Martin Currie Asia Unconstrained Trust's Cash-to-Debt

For the Asset Management subindustry, Martin Currie Asia Unconstrained 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.

Martin Currie Asia Unconstrained Trust's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Martin Currie Asia Unconstrained Trust's Cash-to-Debt falls into.

Martin Currie Asia Unconstrained 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.

Martin Currie Asia Unconstrained Trust's Cash to Debt Ratio for the fiscal year that ended in Mar. 2019 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)
	=	4.66	/	(0	+	5.069)
	=	0.92

Martin Currie Asia Unconstrained Trust's Cash to Debt Ratio for the quarter that ended in Mar. 2019 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)
	=	4.66	/	(0	+	5.069)
	=	0.92

Martin Currie Asia Unconstrained Trust (LSE:MCP) 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.

Martin Currie Asia Unconstrained Trust Cash-to-Debt Related Terms

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Martin Currie Asia Unconstrained Trust (LSE:MCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Martin Currie Asia Unconstrained Trust PLC (LSE:MCP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saltire Court, 20 Castle Terrace, Edinburgh, GBR, EH1 2ES

Website

https://www.martincurrie.com

Martin Currie Asia Unconstrained Trust PLC is an UK-based closed-end investment trust which invests in a diversified portfolio of investments. Its objective is to achieve returns commensurate with Asia ex-Japan nominal GDP growth. The company focuses on investing no more than 10% of the company's total asset value to be invested in any one company; no more than 10% of the issued shares of any class of equity security of an issuer to be held; no more than 15% of the company's assets in the shares and securities of any one company at any time and no more than 5% of the company's NAV to be invested in Martin Currie associated funds. The company may use gearing to enhance the return for shareholders.

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