Thames Ventures VCT 2 (LSE:D467) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Thames Ventures VCT 2 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. Thames Ventures VCT 2'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, Thames Ventures VCT 2 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 Thames Ventures VCT 2's Cash-to-Debt or its related term are showing as below:

LSE:D467' 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 13 years, Thames Ventures VCT 2's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:D467's Cash-to-Debt is ranked better than
99.93% of 1449 companies
in the Asset Management industry
Industry Median: 5.79 vs LSE:D467: No Debt

Thames Ventures VCT 2 Cash-to-Debt Historical Data

The historical data trend for Thames Ventures VCT 2'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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Thames Ventures VCT 2 Cash-to-Debt Chart

Thames Ventures VCT 2 Annual Data

Trend

Mar14

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Mar19

Mar20

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Mar23

Cash-to-Debt

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No Debt

Thames Ventures VCT 2 Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Thames Ventures VCT 2's Cash-to-Debt

For the Asset Management subindustry, Thames Ventures VCT 2'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.

Thames Ventures VCT 2's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Thames Ventures VCT 2's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Thames Ventures VCT 2's Cash-to-Debt falls into.

Thames Ventures VCT 2 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.

Thames Ventures VCT 2's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Thames Ventures VCT 2 had no debt ⁽¹⁾.

Thames Ventures VCT 2's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Thames Ventures VCT 2 had no debt ⁽¹⁾.

Thames Ventures VCT 2 (LSE:D467) 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.

Thames Ventures VCT 2 Cash-to-Debt Related Terms

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Thames Ventures VCT 2 (LSE:D467) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Thames Ventures VCT 2 PLC (LSE:D467) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Lower Thames Street, 6th Floor, Saint Magnus House, London, GBR, EC3R 6HD

Website

https://www.foresightgroup.eu

Thames Ventures VCT 2 PLC is a venture capital trust. Its investment objectives are to invest in a portfolio of Venture Capital Investments and Structured Products, reduce the risks normally associated with Venture Capital Investments, target an annual dividend of at least 5.00p per ordinary, B share and D Share, provide a full exit for shareholders in approximately six years at no discount to NAV, and maintain VCT status to enable shareholders to retain their 30.0% income tax relief on investment.

Thames Ventures VCT 2 (LSE:D467) Headlines

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Thames Ventures VCT 2 (LSE:D467) Cash-to-Debt : No Debt (1) (As of Sep. 2023)