Albion Development VCT (LSE:AADV) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Albion Development VCT 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. Albion Development VCT's cash to debt ratio for the quarter that ended in Dec. 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, Albion Development VCT could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 Albion Development VCT's Cash-to-Debt or its related term are showing as below:

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

During the past 13 years, Albion Development VCT's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:AADV's Cash-to-Debt is ranked better than
99.93% of 1452 companies
in the Asset Management industry
Industry Median: 5.72 vs LSE:AADV: No Debt

Albion Development VCT Cash-to-Debt Historical Data

The historical data trend for Albion Development VCT'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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Albion Development VCT Cash-to-Debt Chart

Albion Development VCT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Albion Development VCT Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Albion Development VCT's Cash-to-Debt

For the Asset Management subindustry, Albion Development VCT'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.

Albion Development VCT's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Albion Development VCT's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Albion Development VCT's Cash-to-Debt falls into.

Albion Development VCT 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.

Albion Development VCT's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Albion Development VCT had no debt ⁽¹⁾.

Albion Development VCT's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Albion Development VCT had no debt ⁽¹⁾.

Albion Development VCT (LSE:AADV) 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.

Albion Development VCT Cash-to-Debt Related Terms

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Albion Development VCT (LSE:AADV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Albion Development VCT PLC (LSE:AADV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Benjamin Street, London, GBR, EC1M 5QL

Website

https://www.albion.capital

Albion Development VCT PLC is a venture capital trust. Its investment objective is to provide investors with a regular and predictable source of dividend income combined with the prospects of long-term capital growth. This is achieved by establishing a diversified portfolio of holdings in smaller, unquoted companies whilst at the same time selecting and structuring investments in such a way as to reduce the risks normally associated with an investment in such companies. Group's investment portfolio includes various sectors such as IT, cash and cash equivalents, FinTech, education, renewable energy, healthcare, travel and retail, business services, and support services. Albion generates revenue from loan stock interest and dividend income.

Albion Development VCT (LSE:AADV) Headlines

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Albion Development VCT (LSE:AADV) Cash-to-Debt : No Debt (1) (As of Dec. 2023)