Triple Point Energy Transition (LSE:TENT) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Triple Point Energy Transition 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. Triple Point Energy Transition'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, Triple Point Energy Transition 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 Triple Point Energy Transition's Cash-to-Debt or its related term are showing as below:

LSE:TENT' 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 3 years, Triple Point Energy Transition's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:TENT's Cash-to-Debt is ranked better than
99.93% of 1456 companies
in the Asset Management industry
Industry Median: 5.935 vs LSE:TENT: No Debt

Triple Point Energy Transition Cash-to-Debt Historical Data

The historical data trend for Triple Point Energy Transition'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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Triple Point Energy Transition Cash-to-Debt Chart

Triple Point Energy Transition Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

No Debt

Triple Point Energy Transition Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Triple Point Energy Transition's Cash-to-Debt

For the Asset Management subindustry, Triple Point Energy Transition'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.

Triple Point Energy Transition's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Triple Point Energy Transition's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Triple Point Energy Transition's Cash-to-Debt falls into.

Triple Point Energy Transition 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.

Triple Point Energy Transition's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Triple Point Energy Transition had no debt ⁽¹⁾.

Triple Point Energy Transition's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Triple Point Energy Transition had no debt ⁽¹⁾.

Triple Point Energy Transition (LSE:TENT) 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.

Triple Point Energy Transition Cash-to-Debt Related Terms

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

Triple Point Energy Transition (LSE:TENT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Triple Point Energy Transition PLC (LSE:TENT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 King William Street, London, GBR, EC4N 7AF

Website

https://www.tpenergytransition.com

Triple Point Energy Transition PLC is an investment company. The company invests in energy efficiency projects. The investment objective is to generate a total return for investors comprising sustainable and growing income and capital growth, to be achieved through investing in a diversified portfolio of Energy Efficiency Projects.

Triple Point Energy Transition (LSE:TENT) Headlines

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Triple Point Energy Transition (LSE:TENT) Cash-to-Debt : No Debt (1) (As of Sep. 2023)