Miton UK MicroCap Trust (LSE:MINI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Oct. 2023)

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What is Miton UK MicroCap 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. Miton UK MicroCap Trust's cash to debt ratio for the quarter that ended in Oct. 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, Miton UK MicroCap Trust could pay off its debt using the cash in hand for the quarter that ended in Oct. 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 Miton UK MicroCap Trust's Cash-to-Debt or its related term are showing as below:

LSE:MINI' 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 8 years, Miton UK MicroCap Trust's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:MINI's Cash-to-Debt is ranked better than
99.93% of 1468 companies
in the Asset Management industry
Industry Median: 5.66 vs LSE:MINI: No Debt

Miton UK MicroCap Trust Cash-to-Debt Historical Data

The historical data trend for Miton UK MicroCap 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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Miton UK MicroCap Trust Cash-to-Debt Chart

Miton UK MicroCap Trust Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

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No Debt

Miton UK MicroCap Trust Semi-Annual Data
	Oct15	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial											No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Miton UK MicroCap Trust's Cash-to-Debt

For the Asset Management subindustry, Miton UK MicroCap 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.

Miton UK MicroCap Trust's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Miton UK MicroCap Trust's Cash-to-Debt falls into.

Miton UK MicroCap 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.

Miton UK MicroCap Trust's Cash to Debt Ratio for the fiscal year that ended in Apr. 2023 is calculated as:

Miton UK MicroCap Trust had no debt ⁽¹⁾.

Miton UK MicroCap Trust's Cash to Debt Ratio for the quarter that ended in Oct. 2023 is calculated as:

Miton UK MicroCap Trust had no debt ⁽¹⁾.

Miton UK MicroCap Trust (LSE:MINI) 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.

Miton UK MicroCap Trust Cash-to-Debt Related Terms

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Miton UK MicroCap Trust (LSE:MINI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Miton UK MicroCap Trust PLC (LSE:MINI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 New North Road, Beaufort House, Exeter, GBR, EX4 4EP

Website

https://www.mitonukmicrocaptrust.com

Miton UK MicroCap Trust PLC is an investment trust company. It invests in a portfolio of UK-quoted companies to achieve capital growth by investing in a portfolio of stocks that are well placed to generate an attractive cash payback from productivity improvements. The company's only operating segment is the investment business. It invests in a sector such as Utilities, Consumer Services, Consumer Goods, Health Care, Basic Materials, Financial Services, Oil and Gas, Industrials, and Technology.