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TwentyFour Select Monthlyome Fund (LSE:SMIF) Cash-to-Debt : No Debt (1) (As of Sep. 2023)


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What is TwentyFour Select Monthlyome Fund 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. TwentyFour Select Monthlyome Fund's cash to debt ratio for the quarter that ended in Sep. 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, TwentyFour Select Monthlyome Fund could pay off its debt using the cash in hand for the quarter that ended in Sep. 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 TwentyFour Select Monthlyome Fund's Cash-to-Debt or its related term are showing as below:

LSE:SMIF' 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 10 years, TwentyFour Select Monthlyome Fund's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:SMIF's Cash-to-Debt is ranked better than
99.93% of 1450 companies
in the Asset Management industry
Industry Median: 5.815 vs LSE:SMIF: No Debt

TwentyFour Select Monthlyome Fund Cash-to-Debt Historical Data

The historical data trend for TwentyFour Select Monthlyome Fund'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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TwentyFour Select Monthlyome Fund Cash-to-Debt Chart

TwentyFour Select Monthlyome Fund Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

TwentyFour Select Monthlyome Fund Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of TwentyFour Select Monthlyome Fund's Cash-to-Debt

For the Asset Management subindustry, TwentyFour Select Monthlyome Fund'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.


TwentyFour Select Monthlyome Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, TwentyFour Select Monthlyome Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where TwentyFour Select Monthlyome Fund's Cash-to-Debt falls into.



TwentyFour Select Monthlyome Fund 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.

TwentyFour Select Monthlyome Fund's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

TwentyFour Select Monthlyome Fund had no debt (1).

TwentyFour Select Monthlyome Fund's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

TwentyFour Select Monthlyome Fund had no debt (1).

* 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.


TwentyFour Select Monthlyome Fund  (LSE:SMIF) 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.


TwentyFour Select Monthlyome Fund Cash-to-Debt Related Terms

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TwentyFour Select Monthlyome Fund (LSE:SMIF) Business Description

Traded in Other Exchanges
Address
11 Monument Street, 8th Floor, The Monument Building, London, GBR, EC3R 8AF
TwentyFour Select Monthly Income Fund Ltd is a closed-ended investment company registered in Guernsey. Its investment objective is to generate attractive risk-adjusted returns, principally through income distributions. The company's investment policy is to invest in a diversified portfolio which comprises of any category of credit security including bank capital, corporate bonds, high yield bonds, leveraged loans, payment-in-kind notes, and asset-backed securities.

TwentyFour Select Monthlyome Fund (LSE:SMIF) Headlines

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