City of London Investment Trust (The) (LSE:CTY) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is City of London Investment Trust (The) 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. City of London Investment Trust (The)'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, City of London Investment Trust (The) 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 City of London Investment Trust (The)'s Cash-to-Debt or its related term are showing as below:

LSE:CTY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: No Debt
Current: 0.01

During the past 13 years, City of London Investment Trust (The)'s highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.04.

LSE:CTY's Cash-to-Debt is ranked worse than
96.34% of 1475 companies
in the Asset Management industry
Industry Median: 5.39 vs LSE:CTY: 0.01

City of London Investment Trust (The) Cash-to-Debt Historical Data

The historical data trend for City of London Investment Trust (The)'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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City of London Investment Trust (The) Cash-to-Debt Chart

City of London Investment Trust (The) Annual Data

Trend

Jun14

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Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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City of London Investment Trust (The) 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															N/A	-	N/A	-	No Debt

Competitive Comparison of City of London Investment Trust (The)'s Cash-to-Debt

For the Asset Management subindustry, City of London Investment Trust (The)'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.

City of London Investment Trust (The)'s Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, City of London Investment Trust (The)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where City of London Investment Trust (The)'s Cash-to-Debt falls into.

City of London Investment Trust (The) 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.

City of London Investment Trust (The)'s Cash to Debt Ratio for the fiscal year that ended in Jun. 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	/	(0	+	123.271)
	=	0.00

City of London Investment Trust (The)'s Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

City of London Investment Trust (The) had no debt ⁽¹⁾.

City of London Investment Trust (The) (LSE:CTY) 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.

City of London Investment Trust (The) Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of City of London Investment Trust (The)'s Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

City of London Investment Trust (The) (LSE:CTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » City of London Investment Trust (The) PLC (LSE:CTY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 Bishopsgate, London, GBR, EC2M 3AE

Website

http://www.cityinvestmenttrust.com

City of London Investment Trust (The) PLC is an investment trust which aims to provide long-term growth in income and capital through investments in equities listed on the London Stock Exchange. While the company mainly invests in equities, there is the flexibility to invest in debt securities, such as convertibles, corporate bonds, or government debt. It generates most of its revenue from investing in the UK market.

City of London Investment Trust (The) (LSE:CTY) Headlines

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City of London Investment Trust (The) (LSE:CTY) Cash-to-Debt : No Debt (1) (As of Dec. 2023)