Aquila Energy Efficiency Trust (LSE:AEET) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Aquila Energy Efficiency 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. Aquila Energy Efficiency Trust'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, Aquila Energy Efficiency Trust 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 Aquila Energy Efficiency Trust's Cash-to-Debt or its related term are showing as below:

LSE:AEET' 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 3 years, Aquila Energy Efficiency Trust's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:AEET's Cash-to-Debt is ranked better than
99.93% of 1442 companies
in the Asset Management industry
Industry Median: 5.72 vs LSE:AEET: No Debt

Aquila Energy Efficiency Trust Cash-to-Debt Historical Data

The historical data trend for Aquila Energy Efficiency 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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Aquila Energy Efficiency Trust Cash-to-Debt Chart

Aquila Energy Efficiency Trust Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Aquila Energy Efficiency Trust Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Aquila Energy Efficiency Trust's Cash-to-Debt

For the Asset Management subindustry, Aquila Energy Efficiency 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.

Aquila Energy Efficiency Trust's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Aquila Energy Efficiency Trust's Cash-to-Debt falls into.

Aquila Energy Efficiency 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.

Aquila Energy Efficiency Trust's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Aquila Energy Efficiency Trust had no debt ⁽¹⁾.

Aquila Energy Efficiency Trust's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Aquila Energy Efficiency Trust had no debt ⁽¹⁾.

Aquila Energy Efficiency Trust (LSE:AEET) 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.

Aquila Energy Efficiency Trust Cash-to-Debt Related Terms

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

Aquila Energy Efficiency Trust (LSE:AEET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Aquila Energy Efficiency Trust PLC (LSE:AEET) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

125 London Wall, 6th Floor, London, GBR, EC2Y 5AS

Website

https://www.aquila-energy-efficiency-trust.com

Aquila Energy Efficiency Trust PLC is an investment company. Its principal activity is to invest in accordance with its investment policy with a view to achieving its investment objective. The company's investment objective is to seek to generate attractive returns, principally in the form of income distributions by investing in a diversified portfolio of energy efficiency investments. The Group is engaged in a single segment of business, being an investment in energy efficiency assets to generate investment returns whilst preserving capital.

Aquila Energy Efficiency Trust (LSE:AEET) Headlines

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Aquila Energy Efficiency Trust (LSE:AEET) Cash-to-Debt : No Debt (1) (As of Dec. 2023)