Apollo Senior Floating Rate Fund (Apollo Senior Floating Rate Fund) Cash-to-Debt : 0.25 (As of Dec. 2023)

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What is Apollo Senior Floating Rate Fund 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. Apollo Senior Floating Rate Fund's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.25.

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, Apollo Senior Floating Rate Fund 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 Apollo Senior Floating Rate Fund's Cash-to-Debt or its related term are showing as below:

AFT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.17 Max: 0.25
Current: 0.25

During the past 7 years, Apollo Senior Floating Rate Fund's highest Cash to Debt Ratio was 0.25. The lowest was 0.04. And the median was 0.17.

AFT's Cash-to-Debt is ranked worse than
75.25% of 1475 companies
in the Asset Management industry
Industry Median: 5.53 vs AFT: 0.25

Apollo Senior Floating Rate Fund Cash-to-Debt Historical Data

The historical data trend for Apollo Senior Floating Rate Fund'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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Apollo Senior Floating Rate Fund Cash-to-Debt Chart

Apollo Senior Floating Rate Fund Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.10

0.04

0.20

0.21

0.25

Apollo Senior Floating Rate Fund 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								0.20	0.01	0.21	0.02	0.25

Competitive Comparison of Apollo Senior Floating Rate Fund's Cash-to-Debt

For the Asset Management subindustry, Apollo Senior Floating Rate Fund'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.

Apollo Senior Floating Rate Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Apollo Senior Floating Rate Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Apollo Senior Floating Rate Fund's Cash-to-Debt falls into.

Apollo Senior Floating Rate Fund 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.

Apollo Senior Floating Rate Fund'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)
	=	31.949	/	(0	+	129.901)
	=	0.25

Apollo Senior Floating Rate Fund'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)
	=	31.949	/	(0	+	129.901)
	=	0.25

Apollo Senior Floating Rate Fund (NYSE:AFT) 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.

Apollo Senior Floating Rate Fund Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Apollo Senior Floating Rate Fund's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Apollo Senior Floating Rate Fund (Apollo Senior Floating Rate Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 West 57th Street, New York, NY, USA, 10019

Website

https://www.apollofunds.com

Apollo Senior Floating Rate Fund Inc.is a diversified, closed-end management investment company. The Fund's investment objective is to seek current income and preservation of capital by investing in senior, secured loans made to companies whose debt is rated below investment grade and investments with similar economic characteristics. Senior loans typically hold a first lien priority and pay floating rates of interest, generally quoted as a spread over a reference floating rate benchmark. Under normal market conditions, the Fund invests at least 80% of its managed assets (which includes leverage) in floating rate senior loans and investments with similar economic characteristics.

Executives

James Vanek	officer: See Remarks	9 W 57TH STREET, FLOOR 41, NEW YORK NY 10019
Ryan Delgiudice	officer: See Remarks	1520 E. GRAND AVENUE, EL SEGUNDO CA 90245
Kristin Hester	officer: See Remarks	9 WEST 57TH STREET, NEW YORK NY 10019
Robert L Borden	director	C/O ATHENE HOLDING LTD., WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11
Seifert Kenneth Lee Jr.	officer: See Remarks	9 WEST 57TH STREET, NEW YORK NY 10019
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Joseph A. Moroney	officer: President and CIO	C/O APOLLO SENIOR FLOATING RATE FUND, 9 WEST 57TH STREET, NEW YORK NY 10019
Apollo Total Return Master Fund L.p.	other: See Remarks	ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10057
Frank F Marra	officer: Treasurer and CFO	APOLLO GLOBAL MANAGEMENT, 730 FIFTH AVE, 11TH FLOOR, NEW YORK NY 10019
Elliot Jr Stein	director	C/ COMMONWEALTH CAPITAL PARTNERS, 444 MADISON AVE, NEW YORK NY 10022
Barry J. Cohen	director	C/O APOLLO SENIOR FLOATING RATE FUND INC, 9 WEST 57TH STREET, NEW YORK NY 10019
John J Hannan	director	9 WEST 57TH STREET, NEW YORK NY 10019
Todd J Slotkin	director	35 EAST 62ND STREET, NEW YORK NY 10021
Glenn N Marchak	director	CITIGROUP ASSET MANAGEMENT, 300 FIRST STAMFORD PLACE 4TH FL, STAMFORD CT 06902