Invesco Asia Trust (LSE:IAT) Cash-to-Debt : 0.28 (As of Oct. 2023)

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What is Invesco Asia 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. Invesco Asia Trust's cash to debt ratio for the quarter that ended in Oct. 2023 was 0.28.

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, Invesco Asia Trust couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

The historical rank and industry rank for Invesco Asia Trust's Cash-to-Debt or its related term are showing as below:

LSE:IAT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.35 Max: No Debt
Current: 0.28

During the past 13 years, Invesco Asia Trust's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 0.35.

LSE:IAT's Cash-to-Debt is ranked worse than
73.17% of 1450 companies
in the Asset Management industry
Industry Median: 5.72 vs LSE:IAT: 0.28

Invesco Asia Trust Cash-to-Debt Historical Data

The historical data trend for Invesco Asia 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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Invesco Asia Trust Cash-to-Debt Chart

Invesco Asia Trust Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.16

2.19

0.13

0.09

Invesco Asia Trust Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	0.13	0.14	0.09	0.28

Competitive Comparison of Invesco Asia Trust's Cash-to-Debt

For the Asset Management subindustry, Invesco Asia 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.

Invesco Asia Trust's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Invesco Asia Trust's Cash-to-Debt falls into.

Invesco Asia 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.

Invesco Asia Trust's Cash to Debt Ratio for the fiscal year that ended in Apr. 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)
	=	1.337	/	(0	+	14.333)
	=	0.09

Invesco Asia Trust's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	0.863	/	(0	+	3.091)
	=	0.28

Invesco Asia Trust (LSE:IAT) 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.

Invesco Asia Trust Cash-to-Debt Related Terms

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

Invesco Asia Trust (LSE:IAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Invesco Asia Trust PLC (LSE:IAT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IATl:UK

Address

Perpetual Park Drive, Perpetual Park, Henley-on-Thames, Oxfordshire, GBR, RG9 1HH

Website

https://www.invesco.co.uk

Invesco Asia Trust PLC is a United Kingdom-based investment company. The company looks to provide long-term capital growth by investing in a diversified portfolio of Asian and Australasian companies. Geographically, it has a presence in Australia, China and Hong Kong, India, Indonesia, Japan, Malaysia, Pakistan, Philippines, Singapore, South Korea, Taiwan, and Thailand. The company invests in Food, Beverage and Tobacco, Real Estate, Banks, Automobiles and Components, Capital Goods, Insurance, Technology Hardware and Equipment, Utilities, and other sectors.