Gabelli Dividend &ome Trust (Gabelli Dividend &ome Trust) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Gabelli Dividend &ome 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. Gabelli Dividend &ome Trust's cash to debt ratio for the quarter that ended in Dec. 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, Gabelli Dividend &ome Trust could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 Gabelli Dividend &ome Trust's Cash-to-Debt or its related term are showing as below:

GDV' 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 7 years, Gabelli Dividend &ome Trust's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

GDV's Cash-to-Debt is ranked better than
99.93% of 1474 companies
in the Asset Management industry
Industry Median: 5.66 vs GDV: No Debt

Gabelli Dividend &ome Trust Cash-to-Debt Historical Data

The historical data trend for Gabelli Dividend &ome 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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Gabelli Dividend &ome Trust Cash-to-Debt Chart

Gabelli Dividend &ome Trust Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Gabelli Dividend &ome 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								No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Gabelli Dividend &ome Trust's Cash-to-Debt

For the Asset Management subindustry, Gabelli Dividend &ome 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.

Gabelli Dividend &ome Trust's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Gabelli Dividend &ome Trust's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Gabelli Dividend &ome Trust's Cash-to-Debt falls into.

Gabelli Dividend &ome 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.

Gabelli Dividend &ome Trust's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Gabelli Dividend &ome Trust had no debt ⁽¹⁾.

Gabelli Dividend &ome Trust's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Gabelli Dividend &ome Trust had no debt ⁽¹⁾.

Gabelli Dividend &ome Trust (NYSE:GDV) 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.

Gabelli Dividend &ome Trust Cash-to-Debt Related Terms

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

Gabelli Dividend &ome Trust (Gabelli Dividend &ome Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gabelli Dividend & Income Trust (NYSE:GDV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GDVpK.PFD:USA GDVPH.PFD:USA

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

Gabelli Dividend & Income Trust operates as a diversified closed-end management investment company. The fund's investment objective is to provide a high level of total return on its assets with an emphasis on dividends and income. To achieve its objective, the fund may invest 80% of its assets in dividend-paying securities or other income-producing securities. The fund invests in various sectors, in which Financial Services, Food & Beverage, Health Care, Consumer Products, Electronics and Computer Software & Services accounts for the majority weightage.

Executives

Mario J Gabelli	director, officer: Chief Financial Officer	191 MASON STREET, GREENWICH CT 06830
Anthonie C Vanekris	director	ONE CORPORATE CENTER, RYE NY 10580
Christina A. Peeney	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Group Ag Ubs	10 percent owner	BAHNHOFSTRASSE 45, ZURICH V8 CH-8001
Anthony S. Colavita	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Elizabeth C Bogan	director	C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, MORRISTOWN NJ 07960
Salvatore M Salibello	director	ONE CORPORATE CENTER, RYE NY 10580
Peter D. Goldstein	officer: Secretary	249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
Susan Virginia Watson	director	C/O INTERPUBLIC GROUP OF COMPANIES, 1271 AVE OF AMERICAS 44TH FLOOR, NEW YORK NY 10019
James P Conn	director
Kuni Nakamura	director	1 MARTIN BUTLER COURT, RYE NY 10580
John Chester Ball	officer: Treasurer	800 CONNECTICUT AVENUE, NORWALK CT 06854
Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Bruce N Alpert	officer: President	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Bank Of America Na	10 percent owner	100 N. TRYON STREET, CHARLOTTE NC 28255