Invesco Highome 2023 Target Term Fund (Invesco Highome 2023 Target Term Fund) Cash-to-Debt : No Debt ⁽¹⁾ (As of Aug. 2023)

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What is Invesco Highome 2023 Target Term Fund 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. Invesco Highome 2023 Target Term Fund's cash to debt ratio for the quarter that ended in Aug. 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, Invesco Highome 2023 Target Term Fund could pay off its debt using the cash in hand for the quarter that ended in Aug. 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 Invesco Highome 2023 Target Term Fund's Cash-to-Debt or its related term are showing as below:

IHIT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: No Debt
Current: 0.01

During the past 6 years, Invesco Highome 2023 Target Term Fund's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.01.

IHIT's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 5.66 vs IHIT: 0.01

Invesco Highome 2023 Target Term Fund Cash-to-Debt Historical Data

The historical data trend for Invesco Highome 2023 Target Term Fund'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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Invesco Highome 2023 Target Term Fund Cash-to-Debt Chart

Invesco Highome 2023 Target Term Fund Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

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0.01

Invesco Highome 2023 Target Term Fund Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Cash-to-Debt	Get a 7-Day Free Trial								0.02	0.01	0.02	0.01	No Debt

Competitive Comparison of Invesco Highome 2023 Target Term Fund's Cash-to-Debt

For the Asset Management subindustry, Invesco Highome 2023 Target Term Fund'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.

Invesco Highome 2023 Target Term Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Invesco Highome 2023 Target Term Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Invesco Highome 2023 Target Term Fund's Cash-to-Debt falls into.

Invesco Highome 2023 Target Term Fund 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.

Invesco Highome 2023 Target Term Fund's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	0.575	/	(0	+	80)
	=	0.01

Invesco Highome 2023 Target Term Fund's Cash to Debt Ratio for the quarter that ended in Aug. 2023 is calculated as:

Invesco Highome 2023 Target Term Fund had no debt ⁽¹⁾.

Invesco Highome 2023 Target Term Fund (NYSE:IHIT) 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.

Invesco Highome 2023 Target Term Fund Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Invesco Highome 2023 Target Term Fund's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Invesco Highome 2023 Target Term Fund (Invesco Highome 2023 Target Term Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Invesco High Income 2023 Target Term Fund (NYSE:IHIT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1555 Peachtree Street, North East, Suite 1800, Atlanta, GA, USA, 30309

Website

https://www.invesco.com

Invesco High Income 2023 Target Term Fund is a non-diversified closed-end management investment company. The fund's investment objectives are to provide a high level of current income and to return approximately $9.835 per share to common shareholders. The fund seeks to achieve its investment objectives by investing in securities collateralized by loans secured by real properties.

Executives

Glenn Eugene Brightman	officer: President & PEO	570 CARILLON PARKWAY, ST. PETERSBURG FL 33716
Stephanie Butcher	officer: Senior Vice President	1555 PEACHTREE ST. NE, ATLANTA GA 30309
Tony Wong	director, officer: Senior Vice President	1331 SPRING STREET NW, SUITE 2500, ATLANTA GA 30309
Melanie Ringold	officer: SVP, CLO and Secretary	1555 PEACHTREE STREE NE, SUITE 1800, ATLANTA GA 30309
Mark William Gregson	officer: Chief Accounting Officer	1555 PEACHTREE STREET NE, ATLANTA GA 30309
Terry Vacheron	officer: Chief Financial Officer	1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Bordewick James R Jr	officer: Senior Officer & SVP	C/O BANC OF AMERICA INVESTMENT ADVISORS, 100 FEDERAL STREET, BOSTON MA 02110
Adrien Deberghes	officer: Vice President,PFO & Treasurer	1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Laura Allison Dukes	officer: SMD and CFO	780 JOHNSON FERRY ROAD, SUITE 800, ATLANTA GA 30342
Robert C Troccoli	other: Trustee	22 FOREST STREET, SCARBOROUGH ME 04074
Meadows Colin	director	1360 PEACHTREE STREET, ATLANTA GA 30309
Kevin M Carome	director
Annette Lege	director, officer: CFO & CAO	1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Loren M Starr	director
Todd F Kuehl	officer: Chief Compliance officer	1555 PEACHTREE STREET NE, ATLANTA GA 30309

Invesco Highome 2023 Target Term Fund (Invesco Highome 2023 Target Term Fund) Cash-to-Debt : No Debt (1) (As of Aug. 2023)