National Investment Trust (XMAU:NIT) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is National 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. National Investment Trust's cash to debt ratio for the quarter that ended in Mar. 2024 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, National Investment Trust could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 National Investment Trust's Cash-to-Debt or its related term are showing as below:

XMAU:NIT' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.83 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, National Investment Trust's highest Cash to Debt Ratio was No Debt. The lowest was 5.83. And the median was No Debt.

XMAU:NIT's Cash-to-Debt is ranked better than
99.93% of 1448 companies
in the Asset Management industry
Industry Median: 5.72 vs XMAU:NIT: No Debt

National Investment Trust Cash-to-Debt Historical Data

The historical data trend for National 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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National Investment Trust Cash-to-Debt Chart

National Investment Trust Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

5.83

No Debt

National Investment Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of National Investment Trust's Cash-to-Debt

For the Asset Management subindustry, National 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.

National Investment Trust's Cash-to-Debt Distribution in the Asset Management Industry

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

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

National Investment Trust Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities 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.

National Investment Trust's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

National Investment Trust had no debt ⁽¹⁾.

National Investment Trust's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

National Investment Trust had no debt ⁽¹⁾.

National Investment Trust (XMAU:NIT) 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.

National Investment Trust Cash-to-Debt Related Terms

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

National Investment Trust (XMAU:NIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » National Investment Trust Ltd (XMAU:NIT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sir William Newton Street, Level 8, Newton Tower, Port Louis, MUS, 11328

Website

https://www.nitmru.com

National Investment Trust Ltd is a closed-end fund. It invests in shares and securities in both the local and international markets. The investment objective of the NIT Local Equity Fund is to produce both income and capital growth from a diversified portfolio of domestic securities. The company has eight Funds under namely, the NIT Local Equity Fund, NIT Global Opportunities Fund, NIT North America Fund, NIT Europe Fund, NIT Emerging Markets Fund, NIT Global Healthcare Fund, NIT Global Bond Fund and the NIT Global Value.

National Investment Trust (XMAU:NIT) Headlines

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National Investment Trust (XMAU:NIT) Cash-to-Debt : No Debt (1) (As of Mar. 2024)