Seneca Growth Capital VCT (LSE:HYG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Seneca Growth Capital 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. Seneca Growth Capital 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, Seneca Growth Capital 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 Seneca Growth Capital VCT's Cash-to-Debt or its related term are showing as below:

LSE:HYG' 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, Seneca Growth Capital VCT's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:HYG's Cash-to-Debt is ranked better than
99.93% of 1458 companies
in the Asset Management industry
Industry Median: 5.605 vs LSE:HYG: No Debt

Seneca Growth Capital VCT Cash-to-Debt Historical Data

The historical data trend for Seneca Growth Capital 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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Seneca Growth Capital VCT Cash-to-Debt Chart

Seneca Growth Capital VCT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Seneca Growth Capital 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 Seneca Growth Capital VCT's Cash-to-Debt

For the Asset Management subindustry, Seneca Growth Capital 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.

Seneca Growth Capital VCT's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Seneca Growth Capital VCT's Cash-to-Debt falls into.

Seneca Growth Capital 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.

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

Seneca Growth Capital VCT had no debt ⁽¹⁾.

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

Seneca Growth Capital VCT had no debt ⁽¹⁾.

Seneca Growth Capital VCT (LSE:HYG) 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.

Seneca Growth Capital VCT Cash-to-Debt Related Terms

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Seneca Growth Capital VCT (LSE:HYG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Seneca Growth Capital VCT PLC (LSE:HYG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SVCT:UK

Address

9 The Parks, Haydock, Newton-Le-Willows, Merseyside, GBR, WA12 0JQ

Website

https://www.senecavct.co.uk

Seneca Growth Capital VCT PLC is an internally managed small registered alternative investment fund based in the United Kingdom. The company's investment objective is to provide shareholders with an attractive income and capital return by investing its funds in a portfolio of both unquoted and AQSE quoted UK companies that meet the relevant criteria under the VCT Rules.