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Capex-to-Operating-Cash-Flow assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. It’s also useful to distinguish whether the company is capital intensive or not.
First Trust Strategic High Fund II's Capital Expenditure for the six months ended in Oct. 2017 was $0.00 Mil. Its Cash Flow from Operations for the six months ended in Oct. 2017 was $34.39 Mil.
Hence, First Trust Strategic High Fund II's Capex-to-Operating-Cash-Flow for the six months ended in Oct. 2017 was 0.00.
The historical data trend for First Trust Strategic High Fund II's Capex-to-Operating-Cash-Flow 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.
First Trust Strategic High Fund II Annual Data | |||
Trend | Oct17 | ||
Capex-to-Operating-Cash-Flow | - |
First Trust Strategic High Fund II Semi-Annual Data | |
Oct17 | |
Capex-to-Operating-Cash-Flow | - |
For the Asset Management subindustry, First Trust Strategic High Fund II's Capex-to-Operating-Cash-Flow, along with its competitors' market caps and Capex-to-Operating-Cash-Flow 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.
For the Asset Management industry and Financial Services sector, First Trust Strategic High Fund II's Capex-to-Operating-Cash-Flow distribution charts can be found below:
* The bar in red indicates where First Trust Strategic High Fund II's Capex-to-Operating-Cash-Flow falls into.
First Trust Strategic High Fund II's Capex-to-Operating-Cash-Flow for the fiscal year that ended in Oct. 2017 is calculated as
Capex-to-Operating-Cash-Flow | = | - Capital Expenditure | / | Cash Flow from Operations |
= | - (0) | / | 34.385 | |
= | 0.00 |
First Trust Strategic High Fund II's Capex-to-Operating-Cash-Flow for the quarter that ended in Oct. 2017 is calculated as
Capex-to-Operating-Cash-Flow | = | - Capital Expenditure | / | Cash Flow from Operations |
= | - (0) | / | 34.385 | |
= | 0.00 |
* 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.
First Trust Strategic High Fund II (NYSE:FHY) Capex-to-Operating-Cash-Flow Explanation
Capex-to-Operating-Cash-Flow ratio assesses how much of a company’s Cash Flow from Operations is being devoted to Capital Expenditure. It is a good indicator in terms of how much the company is focused on growth. In general, a high Capex-to-Operating-Cash-Flow ratio indicates that the company is investing more in physical assets and is focused on growth and expansion. Conversely, lower ratio could indicate that a company has reached maturity and is no longer pursuing aggressive growth.
Moreover, the ratio is also useful to distinguish whether the company is capital intensive or not. If the ratio is large, then the company tends to be capital intensive. Lower ratio suggests that it’s a capital-light business. The ratio can be combined with ROIC % to identify whether the company is an asset-light business that has a high return on invested capital. This is one question investors commonly ask to see if a company qualifies as a good company.
Thank you for viewing the detailed overview of First Trust Strategic High Fund II's Capex-to-Operating-Cash-Flow provided by GuruFocus.com. Please click on the following links to see related term pages.
Shane Shannon | officer: Assistant Secretary | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Katherine L Urevig | officer: Assistant Treasurer | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Donald Swade | officer: Assistant Treasurer | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Rosanne Gatta | officer: Assistant Secretary | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY STREET, SUITE 400, WHEATON IL 60187 |
Mark Shipley | other: Officer-Investment Sub-Advisor | C/O BROOKFIELD INVESTMENT MANAGEMENT INC, BROOKFIELD PLACE, 250 VESEY ST, 15TH FL, NEW YORK NY 10281-1023 |
Dana Erikson | other: Portfolio Manager-Sub-Advisor | HYPERION BROOKFIELD ASSET MGMT., INC., 3 WFC, 200 VESEY STREET, 10TH FLOOR, NEW YORK NY 10281-1010 |
Anthony A. Breaks | other: Portfolio Manager-Sub-Advisor | C/O BROOKFIELD INVESTMENT MGMT. INC, BROOKFIELD, 250 VESEY STREET, 15TH FLOOR, NEW YORK NY 10281-1023 |
Brookfield Investment Management Inc. | other: Investment Sub-Advisor | BROOKFIELD PLACE, 225 LIBERTY STREET, 43RD FLOOR, NEW YORK NY 10281 |
Erin E Klassman | officer: Assistant Secretary | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, WHEATON IL 60187 |
Lynch Coleen D | officer: Assistant Vice President | FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Kathleen Wieland Brown | other: Officer-Investment Adviser | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Christopher R Fallow | officer: Assistant Vice President | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
Kelley Christensen | officer: Vice President | C/O FIRST TRUST ADVISORS L.P., 1001 WARRENVILLE ROAD, SUITE 300, LISLE IL 60532 |
Joseph D Mcdermott | other: Officer-Investment Adviser | FIRST TRUST ADVISORS L.P., 1001 WARRENVILLE ROAD, SUITE 300, LISLE IL 60532 |
Robert F Keith | director | C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187 |
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