Income & Growth VCT (The) (LSE:IGV) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2022)

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What is Income & Growth VCT (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. Income & Growth VCT (The)'s cash to debt ratio for the quarter that ended in Sep. 2022 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, Income & Growth VCT (The) could pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

(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 Income & Growth VCT (The)'s Cash-to-Debt or its related term are showing as below:

LSE:IGV' 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, Income & Growth VCT (The)'s highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:IGV's Cash-to-Debt is ranked better than
99.93% of 1449 companies
in the Asset Management industry
Industry Median: 5.79 vs LSE:IGV: No Debt

Income & Growth VCT (The) Cash-to-Debt Historical Data

The historical data trend for Income & Growth VCT (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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Income & Growth VCT (The) Cash-to-Debt Chart

Income & Growth VCT (The) Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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No Debt

Income & Growth VCT (The) Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Income & Growth VCT (The)'s Cash-to-Debt

For the Asset Management subindustry, Income & Growth VCT (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.

Income & Growth VCT (The)'s Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Income & Growth VCT (The)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Income & Growth VCT (The)'s Cash-to-Debt falls into.

Income & Growth VCT (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.

Income & Growth VCT (The)'s Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Income & Growth VCT (The) had no debt ⁽¹⁾.

Income & Growth VCT (The)'s Cash to Debt Ratio for the quarter that ended in Sep. 2022 is calculated as:

Income & Growth VCT (The) had no debt ⁽¹⁾.

Income & Growth VCT (The) (LSE:IGV) 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.

Income & Growth VCT (The) Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Income & Growth VCT (The)'s Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Income & Growth VCT (The) (LSE:IGV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Income & Growth VCT (The) PLC (LSE:IGV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 New Street, London, GBR, EC4A 3TW

Website

http://www.incomeandgrowthvct.co.uk

Income & Growth VCT (The) PLC operates as a venture capital trust (VCT). The company's objective is to provide investors with an attractive return by maximizing the stream of tax-free dividend distributions from the income and capital gains generated by a diverse and carefully selected portfolio of investments. It invests in a diverse portfolio of United Kingdom unquoted companies. The company's portfolio of investment includes various sectors such as pharmaceuticals and biotechnology, Industrial engineering, Personal goods, Healthcare equipment and services, Construction and materials, Leisure goods, General industrials, Media, Software and computer services, General retailers and Support services.