River and Mercantile UK Micro Cap Investment Co (LSE:RMMC) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is River and Mercantile UK Micro Cap Investment Co 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. River and Mercantile UK Micro Cap Investment Co'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, River and Mercantile UK Micro Cap Investment Co 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 River and Mercantile UK Micro Cap Investment Co's Cash-to-Debt or its related term are showing as below:

LSE:RMMC' 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 9 years, River and Mercantile UK Micro Cap Investment Co's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

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

River and Mercantile UK Micro Cap Investment Co Cash-to-Debt Historical Data

The historical data trend for River and Mercantile UK Micro Cap Investment Co'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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River and Mercantile UK Micro Cap Investment Co Cash-to-Debt Chart

River and Mercantile UK Micro Cap Investment Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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No Debt

River and Mercantile UK Micro Cap Investment Co Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	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 River and Mercantile UK Micro Cap Investment Co's Cash-to-Debt

For the Asset Management subindustry, River and Mercantile UK Micro Cap Investment Co'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.

River and Mercantile UK Micro Cap Investment Co's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, River and Mercantile UK Micro Cap Investment Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where River and Mercantile UK Micro Cap Investment Co's Cash-to-Debt falls into.

River and Mercantile UK Micro Cap Investment Co 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.

River and Mercantile UK Micro Cap Investment Co's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

River and Mercantile UK Micro Cap Investment Co had no debt ⁽¹⁾.

River and Mercantile UK Micro Cap Investment Co's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

River and Mercantile UK Micro Cap Investment Co had no debt ⁽¹⁾.

River and Mercantile UK Micro Cap Investment Co (LSE:RMMC) 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.

River and Mercantile UK Micro Cap Investment Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of River and Mercantile UK Micro Cap Investment Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

River and Mercantile UK Micro Cap Investment Co (LSE:RMMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » River and Mercantile UK Micro Cap Investment Co Ltd (LSE:RMMC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

BNP Paribas House, St Julian’s Avenue, St Peter Port, GGY, GY1 1WA

Website

http://www.microcap.riverandmercantile.com

River and Mercantile UK Micro Cap Investment Co Ltd is a United Kingdom-based closed-ended investment company. Its investment activities are intended to secure long-term capital growth by utilizing a diversified portfolio of UK Micro-Cap companies. The company's strategy involves investing predominantly in normal market conditions, while occasionally using the avenue of debt securities and cash equivalent instruments. Its portfolio sectors include technology, financial, industrials, healthcare, Consumer Discretionary, and others.

River and Mercantile UK Micro Cap Investment Co (LSE:RMMC) Headlines

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River and Mercantile UK Micro Cap Investment Co (LSE:RMMC) Cash-to-Debt : No Debt (1) (As of Sep. 2023)