BlackRock Latin American Investment Trust (LSE:BRLA) Cash-to-Debt : 0.10 (As of Dec. 2023)

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What is BlackRock Latin American Investment 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. BlackRock Latin American Investment Trust's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.10.

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, BlackRock Latin American Investment Trust couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for BlackRock Latin American Investment Trust's Cash-to-Debt or its related term are showing as below:

LSE:BRLA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: No Debt
Current: 0.1

During the past 13 years, BlackRock Latin American Investment Trust's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.02.

LSE:BRLA's Cash-to-Debt is ranked worse than
83.53% of 1451 companies
in the Asset Management industry
Industry Median: 6.06 vs LSE:BRLA: 0.10

BlackRock Latin American Investment Trust Cash-to-Debt Historical Data

The historical data trend for BlackRock Latin American Investment 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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BlackRock Latin American Investment Trust Cash-to-Debt Chart

BlackRock Latin American Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.02

0.03

0.02

0.10

BlackRock Latin American Investment Trust 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															0.03	-	0.02	No Debt	0.10

Competitive Comparison of BlackRock Latin American Investment Trust's Cash-to-Debt

For the Asset Management subindustry, BlackRock Latin American Investment 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.

BlackRock Latin American Investment Trust's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where BlackRock Latin American Investment Trust's Cash-to-Debt falls into.

BlackRock Latin American Investment 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.

BlackRock Latin American Investment Trust's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	0.216	/	(0	+	2.1)
	=	0.10

BlackRock Latin American Investment Trust's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	0.216	/	(0	+	2.1)
	=	0.10

BlackRock Latin American Investment Trust (LSE:BRLA) 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.

BlackRock Latin American Investment Trust Cash-to-Debt Related Terms

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

BlackRock Latin American Investment Trust (LSE:BRLA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BlackRock Latin American Investment Trust PLC (LSE:BRLA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BRLAl:UK

Address

12 Throgmorton Avenue, London, GBR, EC2N 2DL

Website

https://www.blackrock.com/uk/brla

BlackRock Latin American Investment Trust PLC is an investment company. The company's objective is to achieve long-term capital growth and return by investing in quoted securities in Latin America. It follows the business model of the externally managed investment trust. The company does not have any employees and outsources activities to third-party service providers. The company invests in quoted, mid and smaller capitalization companies.

BlackRock Latin American Investment Trust (LSE:BRLA) Headlines

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