JPMorgan Global Emerging Markets IT (LSE:JEMI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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What is JPMorgan Global Emerging Markets IT 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 Global Emerging Markets IT's cash to debt ratio for the quarter that ended in Jan. 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, JPMorgan Global Emerging Markets IT could pay off its debt using the cash in hand for the quarter that ended in Jan. 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 JPMorgan Global Emerging Markets IT's Cash-to-Debt or its related term are showing as below:

LSE:JEMI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 5000.19 Max: No Debt
Current: 0.03

During the past 13 years, JPMorgan Global Emerging Markets IT's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 5000.19.

LSE:JEMI's Cash-to-Debt is ranked worse than
92.64% of 1467 companies
in the Asset Management industry
Industry Median: 5.53 vs LSE:JEMI: 0.03

JPMorgan Global Emerging Markets IT Cash-to-Debt Historical Data

The historical data trend for JPMorgan Global Emerging Markets IT'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 Global Emerging Markets IT Cash-to-Debt Chart

JPMorgan Global Emerging Markets IT Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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0.19

0.21

0.09

0.13

0.11

JPMorgan Global Emerging Markets IT Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	0.13	No Debt	0.11	No Debt

Competitive Comparison of JPMorgan Global Emerging Markets IT's Cash-to-Debt

For the Asset Management subindustry, JPMorgan Global Emerging Markets IT'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 Global Emerging Markets IT's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, JPMorgan Global Emerging Markets IT's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where JPMorgan Global Emerging Markets IT's Cash-to-Debt falls into.

JPMorgan Global Emerging Markets IT 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 Global Emerging Markets IT's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	3.475	/	(0	+	31.088)
	=	0.11

JPMorgan Global Emerging Markets IT's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

JPMorgan Global Emerging Markets IT had no debt ⁽¹⁾.

JPMorgan Global Emerging Markets IT (LSE:JEMI) 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 Global Emerging Markets IT Cash-to-Debt Related Terms

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

JPMorgan Global Emerging Markets IT (LSE:JEMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » JPMorgan Global Emerging Markets IT PLC (LSE:JEMI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

JEMIl:UK

Address

60 Victoria Embankment, London, GBR, EC4Y 0JP

Website

https://www.jpmglobalemergingmarketsincome.co.uk

JPMorgan Global Emerging Markets IT PLC is an investment trust based in the United Kingdom. It delegates the management of the Trust's portfolio to JPMorgan Asset Management (UK) Limited. Its investment objective is to provide investors with a dividend income combined with the potential for long term capital growth from a diversified portfolio of emerging markets investments. The company invests in listed and unlisted equities, preference shares, debt securities, cash and cash equivalents. Its portfolio comprises companies within various sectors such as financials, information technology, telecommunication services, consumer staples, consumer discretionary, industrials, materials, energy, utilities, and healthcare.

JPMorgan Global Emerging Markets IT (LSE:JEMI) Headlines

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JPMorgan Global Emerging Markets IT (LSE:JEMI) Cash-to-Debt : No Debt (1) (As of Jan. 2024)