Mavenome and Growth VCT (LSE:MIG1) Cash-to-Debt : No Debt ⁽¹⁾ (As of Aug. 2023)

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What is Mavenome and Growth VCT 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. Mavenome and Growth VCT's cash to debt ratio for the quarter that ended in Aug. 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, Mavenome and Growth VCT could pay off its debt using the cash in hand for the quarter that ended in Aug. 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 Mavenome and Growth VCT's Cash-to-Debt or its related term are showing as below:

LSE:MIG1' 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, Mavenome and Growth VCT's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:MIG1's Cash-to-Debt is ranked better than
99.93% of 1448 companies
in the Asset Management industry
Industry Median: 5.72 vs LSE:MIG1: No Debt

Mavenome and Growth VCT Cash-to-Debt Historical Data

The historical data trend for Mavenome and Growth VCT'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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Mavenome and Growth VCT Cash-to-Debt Chart

Mavenome and Growth VCT Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

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No Debt

Mavenome and Growth VCT Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Mavenome and Growth VCT's Cash-to-Debt

For the Asset Management subindustry, Mavenome and Growth VCT'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.

Mavenome and Growth VCT's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Mavenome and Growth VCT's Cash-to-Debt falls into.

Mavenome and Growth VCT 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.

Mavenome and Growth VCT's Cash to Debt Ratio for the fiscal year that ended in Feb. 2023 is calculated as:

Mavenome and Growth VCT had no debt ⁽¹⁾.

Mavenome and Growth VCT's Cash to Debt Ratio for the quarter that ended in Aug. 2023 is calculated as:

Mavenome and Growth VCT had no debt ⁽¹⁾.

Mavenome and Growth VCT (LSE:MIG1) 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.

Mavenome and Growth VCT Cash-to-Debt Related Terms

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

Mavenome and Growth VCT (LSE:MIG1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Maven Income and Growth VCT PLC (LSE:MIG1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

205 West George Street, Kintyre House, Glasgow, GBR, G2 2LW

Website

https://www.mavencp.com

Maven Income and Growth VCT PLC is a United Kingdom-based venture capital trust. Its investment objective is to achieve long-term capital appreciation and generate maintainable levels of income for the shareholders. The company seeks to achieve its objective by investing the majority of its funds in a diversified portfolio of shares and securities. Its portfolio includes smaller, unquoted UK companies and AIM (Alternative Investment Market) quoted companies. The company derives its revenue from the investments made in shares, securities, and bank deposits.

Mavenome and Growth VCT (LSE:MIG1) Headlines

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Mavenome and Growth VCT (LSE:MIG1) Cash-to-Debt : No Debt (1) (As of Aug. 2023)