JPMorgan American Investment Trust (LSE:JAM) Cash-to-Debt : 0.44 (As of Dec. 2023)

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What is JPMorgan American 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. JPMorgan American Investment Trust's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.44.

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, JPMorgan American Investment Trust couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

LSE:JAM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.28 Max: No Debt
Current: 0.44

During the past 13 years, JPMorgan American Investment Trust's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was 0.28.

LSE:JAM's Cash-to-Debt is ranked worse than
67.31% of 1450 companies
in the Asset Management industry
Industry Median: 5.72 vs LSE:JAM: 0.44

JPMorgan American Investment Trust Cash-to-Debt Historical Data

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

JPMorgan American Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.22

0.43

0.28

0.31

0.44

JPMorgan American Investment Trust Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.28	No Debt	0.31	No Debt	0.44

Competitive Comparison of JPMorgan American Investment Trust's Cash-to-Debt

For the Asset Management subindustry, JPMorgan American 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.

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

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

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

JPMorgan American Investment 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.

JPMorgan American Investment Trust's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 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)
	=	34.207	/	(0	+	78.139)
	=	0.44

JPMorgan American Investment Trust's Cash to Debt Ratio for the quarter that ended in Dec. 2023 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)
	=	34.207	/	(0	+	78.139)
	=	0.44

JPMorgan American Investment Trust (LSE:JAM) 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.

JPMorgan American Investment Trust Cash-to-Debt Related Terms

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

JPMorgan American Investment Trust (LSE:JAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » JPMorgan American Investment Trust PLC (LSE:JAM) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

JAMl:UK

Address

60 Victoria Embankment, London, GBR, EC4Y 0JP

Website

http://www.jpmamerican.co.uk

JPMorgan American Investment Trust PLC is a UK-based investment trust company. Its investment objective is to provide shareholders with capital growth from North American investments. The company seeks to achieve determined objectives and to manage risk by investing in the diversified portfolio of quoted companies, including smaller capitalization stocks and pooled funds. It may use various appropriate investment policies such as short and long-term gearing, hedging the currency risk in respect of sterling debenture to increase potential returns to shareholders. The company reviews its performance against its benchmark S&P 500 Index, expressed in sterling total return terms.

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