Royce Micro-Cap Trust (Royce Micro-Cap Trust) Cash-to-Debt : 0.05 (As of Dec. 2023)

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What is Royce Micro-Cap 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. Royce Micro-Cap Trust's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.05.

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, Royce Micro-Cap 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 Royce Micro-Cap Trust's Cash-to-Debt or its related term are showing as below:

RMT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.05
Current: 0.05

During the past 7 years, Royce Micro-Cap Trust's highest Cash to Debt Ratio was 0.05. The lowest was 0.00. And the median was 0.00.

RMT's Cash-to-Debt is ranked worse than
89.63% of 1475 companies
in the Asset Management industry
Industry Median: 5.53 vs RMT: 0.05

Royce Micro-Cap Trust Cash-to-Debt Historical Data

The historical data trend for Royce Micro-Cap 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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Royce Micro-Cap Trust Cash-to-Debt Chart

Royce Micro-Cap Trust Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.05

Royce Micro-Cap Trust Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								-	-	-	-	0.05

Competitive Comparison of Royce Micro-Cap Trust's Cash-to-Debt

For the Asset Management subindustry, Royce Micro-Cap 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.

Royce Micro-Cap Trust's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Royce Micro-Cap Trust's Cash-to-Debt falls into.

Royce Micro-Cap 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.

Royce Micro-Cap 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)
	=	0.095	/	(0	+	2)
	=	0.05

Royce Micro-Cap 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)
	=	0.095	/	(0	+	2)
	=	0.05

Royce Micro-Cap Trust (NYSE:RMT) 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.

Royce Micro-Cap Trust Cash-to-Debt Related Terms

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

Royce Micro-Cap Trust (Royce Micro-Cap Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Royce Micro-Cap Trust Inc (NYSE:RMT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

745 Fifth Avenue, New York, NY, USA, 10151

Website

https://www.royceinvest.com

Royce Micro-Cap Trust Inc is a diversified closed-end investment company. The company is engaged in investing in micro-cap securities. It invests in the consumer discretionary sector including auto components, automobiles, diversified consumer services, hotels, restaurants and leisure, household durables, internet and catalog retail, leisure products, media, multiline retail, textiles, apparel, and luxury goods, Consumer staples sector including beverages, food, and staples retailing, food products, and personal products, Energy sector including energy equipment and services, and oil, gas, and consumable fuels. The company also invests in other sectors including healthcare, financials, industrials, IT, telecommunications, and materials.

Executives

Julia Ward Poston	director	C/O ROYCE & ASSOCIATES, 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151
Christopher C. Grisanti	director	745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151
O Byrne Daniel A	officer: Vice President, other: VP - Investment Advisor	ROYCE & ASSOCIATES, 745 FIFTH AVENUE, NEW YORK NY 10151
G Peter Obrien	director	C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151
Michael K. Shields	director	C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151
Christopher D Clark	officer: Vice President, other: President - Investment Advisor	745 FIFTH AVENUE, SUITE 2400, NEW YORK NY 10151
Cecile Burleigh Harper	director	C/O ROYCE & ASSOCIATES, 745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151
Charles M Royce	director, officer: President, other: President-Investment Adviser	C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151
John E Denneen	officer: Secretary, other: Secretary-Investment Adviser	C/O ROYCE & ASSOCIATES LLC, 745 FIFTH AVENUE, NEW YORK NY 10151
Richard M Galkin	director, other: Director through 2/26/2016.	C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151
Arthur S Mehlman	director	C/O ROYCE & ASSOCIATES, 745 FIFTH AVENUE, NEW YORK NY 10151
John D Diederich	officer: Vice President & Treasurer, other: COO & CFO - Investment Adviser	ROYCE & ASSOCIATES LLC, 745 FIFTH AVENUE, NEW YORK NY 10151
Peter K Hoglund	officer: Treasuer, other: CFO Investment Advisor	745 FIFTH AVENUE, SUITE 2300, NEW YORK NY 10151
W Whitney George	director, officer: Vice President, other: VP-Royce, through 11/10/2014	C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151
Fockler Jack E. Jr.	officer: Vice President, other: VP - Investment Advisor	C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151