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Invesco Municipal Trust (Invesco Municipal Trust) Cash-to-Debt : 0.03 (As of Feb. 2024)


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What is Invesco Municipal 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 Municipal Trust's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.03.

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 Municipal Trust couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

VKQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0   Med: 0.01   Max: 0.13
Current: 0.03

During the past 7 years, Invesco Municipal Trust's highest Cash to Debt Ratio was 0.13. The lowest was 0.00. And the median was 0.01.

VKQ's Cash-to-Debt is ranked worse than
92.78% of 1468 companies
in the Asset Management industry
Industry Median: 5.66 vs VKQ: 0.03

Invesco Municipal Trust Cash-to-Debt Historical Data

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

Invesco Municipal Trust Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cash-to-Debt
Get a 7-Day Free Trial - 0.01 0.01 0.13 0.03

Invesco Municipal Trust Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 0.01 - 0.13 0.04 0.03

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

For the Asset Management subindustry, Invesco Municipal 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 Municipal Trust's Cash-to-Debt Distribution in the Asset Management Industry

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

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


Invesco Municipal 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 Municipal Trust's Cash to Debt Ratio for the fiscal year that ended in Feb. 2024 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)
=1.398 / (0 + 56.47)
=0.02

Invesco Municipal Trust's Cash to Debt Ratio for the quarter that ended in Feb. 2024 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)
=1.398 / (0 + 56.47)
=0.02

* 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.

Invesco Municipal Trust  (NYSE:VKQ) 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 Municipal Trust Cash-to-Debt Related Terms

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

Invesco Municipal Trust (Invesco Municipal Trust) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Invesco Municipal Trust (NYSE:VKQ) » Definitions » Cash-to-Debt
Comparable Companies
BLW CCD GAIN FDUS CEM DSU BTO DHIL GAMI PDT BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
1555 Peachtree Street, North East, Suite 1800, Atlanta, GA, USA, 30309
Website
https://www.invesco.com
Invesco Municipal Trust is a diversified, closed-end management investment company. The company's investment objective is to provide a high level of current income exempt from federal income tax, consistent with preservation of capital.
Executives
Glenn Eugene Brightman officer: President & PEO 570 CARILLON PARKWAY, ST. PETERSBURG FL 33716
Stephanie Butcher officer: Senior Vice President 1555 PEACHTREE ST. NE, ATLANTA GA 30309
Tony Wong director, officer: Senior Vice President 1331 SPRING STREET NW, SUITE 2500, ATLANTA GA 30309
Melanie Ringold officer: SVP, CLO and Secretary 1555 PEACHTREE STREE NE, SUITE 1800, ATLANTA GA 30309
Mark William Gregson officer: Chief Accounting Officer 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Terry Vacheron officer: Chief Financial Officer 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Bordewick James R Jr officer: Senior Officer & SVP C/O BANC OF AMERICA INVESTMENT ADVISORS, 100 FEDERAL STREET, BOSTON MA 02110
Josh Cooney other: Portfolio Manager 1555 PEACHTREE ST NE SUITE 1800, ATLANTA GA 30309
Rebecca Setcavage other: Portfolio Manager 1555 PEACHTREE ST NE SUITE 1800, ATLANTA GA 30309
Adrien Deberghes officer: Vice President,PFO & Treasurer 1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Td Group Us Holdings Llc 10 percent owner 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Toronto Dominion Investments, Inc. 10 percent owner 909 FANIN, SUITE 1950, HOUSTON TX 77010
Dominion Bank Toronto 10 percent owner 66 WELLINGTON STREET WEST, 12TH FLOOR, TD TOWER, TORONTO, ONTARIO A6 M5K 1A2
Toronto Dominion Holdings Usa Inc 10 percent owner 40 WALL STREET, NEW YORK NY 10003
Wells Fargo Bank N A 10 percent owner 101 NORTH PHILLIPS AVENUE, SIOUX FALLS SD 57104