JPMorgan Mid Cap Investment Trust (LSE:JMF) Cash-to-Debt : 0.11 (As of Jun. 2023)

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What is JPMorgan Mid Cap 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. JPMorgan Mid Cap Investment Trust's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.11.

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, JPMorgan Mid Cap Investment Trust couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for JPMorgan Mid Cap Investment Trust's Cash-to-Debt or its related term are showing as below:

LSE:JMF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.31 Max: 1.12
Current: 0.11

During the past 13 years, JPMorgan Mid Cap Investment Trust's highest Cash to Debt Ratio was 1.12. The lowest was 0.05. And the median was 0.31.

LSE:JMF's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 5.93 vs LSE:JMF: 0.11

JPMorgan Mid Cap Investment Trust Cash-to-Debt Historical Data

The historical data trend for JPMorgan Mid Cap 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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JPMorgan Mid Cap Investment Trust Cash-to-Debt Chart

JPMorgan Mid Cap Investment Trust Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.09

0.33

0.29

0.53

0.11

JPMorgan Mid Cap Investment Trust Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.29	No Debt	0.53	No Debt	0.11

Competitive Comparison of JPMorgan Mid Cap Investment Trust's Cash-to-Debt

For the Asset Management subindustry, JPMorgan Mid Cap 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.

JPMorgan Mid Cap Investment Trust's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where JPMorgan Mid Cap Investment Trust's Cash-to-Debt falls into.

JPMorgan Mid Cap 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.

JPMorgan Mid Cap Investment Trust'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)
	=	2.484	/	(0	+	23)
	=	0.11

JPMorgan Mid Cap Investment Trust's Cash to Debt Ratio for the quarter 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)
	=	2.484	/	(0	+	23)
	=	0.11

JPMorgan Mid Cap Investment Trust (LSE:JMF) 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.

JPMorgan Mid Cap Investment Trust Cash-to-Debt Related Terms

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

JPMorgan Mid Cap Investment Trust (LSE:JMF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » JPMorgan Mid Cap Investment Trust PLC (LSE:JMF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

JMFl:UK

Address

60 Victoria Embankment, London, GBR, EC4Y 0JP

Website

http://www.jpmmidcap.co.uk

JPMorgan Mid Cap Investment Trust PLC is an investment trust. It generates revenue from its business of long and short-term borrowings, to achieve capital growth. For this purpose, it invests in medium-sized companies that fall under the London Stock Exchange (FTSE) 250 companies. The trust's core objective is to provide its shareholders a steady pattern of dividend payments by generating returns from investment across varied sectors such as consumer services, financials, industrials, technology, consumer goods, basic materials, healthcare, oil and gas, telecommunications, and utilities.

JPMorgan Mid Cap Investment Trust (LSE:JMF) Headlines

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