Ares Dynamic Credit Allocation Fund (Ares Dynamic Credit Allocation Fund) Cash-to-Debt : 0.15 (As of Dec. 2023)

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What is Ares Dynamic Credit Allocation 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. Ares Dynamic Credit Allocation Fund's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.15.

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, Ares Dynamic Credit Allocation 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 Ares Dynamic Credit Allocation Fund's Cash-to-Debt or its related term are showing as below:

ARDC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.05 Max: 0.15
Current: 0.15

During the past 7 years, Ares Dynamic Credit Allocation Fund's highest Cash to Debt Ratio was 0.15. The lowest was 0.03. And the median was 0.05.

ARDC's Cash-to-Debt is ranked worse than
80.47% of 1475 companies
in the Asset Management industry
Industry Median: 5.53 vs ARDC: 0.15

Ares Dynamic Credit Allocation Fund Cash-to-Debt Historical Data

The historical data trend for Ares Dynamic Credit Allocation 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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Ares Dynamic Credit Allocation Fund Cash-to-Debt Chart

Ares Dynamic Credit Allocation Fund Annual Data

Trend

Oct17

Oct18

Oct19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.03

0.05

0.11

0.15

Ares Dynamic Credit Allocation Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								0.05	0.16	0.11	0.03	0.15

Competitive Comparison of Ares Dynamic Credit Allocation Fund's Cash-to-Debt

For the Asset Management subindustry, Ares Dynamic Credit Allocation 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.

Ares Dynamic Credit Allocation Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ares Dynamic Credit Allocation Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ares Dynamic Credit Allocation Fund's Cash-to-Debt falls into.

Ares Dynamic Credit Allocation 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.

Ares Dynamic Credit Allocation 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)
	=	9.408	/	(0	+	63.539)
	=	0.15

Ares Dynamic Credit Allocation 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)
	=	9.408	/	(0	+	63.539)
	=	0.15

Ares Dynamic Credit Allocation Fund (NYSE:ARDC) 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.

Ares Dynamic Credit Allocation Fund Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Ares Dynamic Credit Allocation Fund's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Ares Dynamic Credit Allocation Fund (Ares Dynamic Credit Allocation Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2000 Avenue of the Stars, 12th Floor, Los Angeles, CA, USA, 90067

Website

https://www.arespublicfunds.com

Ares Dynamic Credit Allocation Fund Inc is a closed-end, diversified management investment company. The fund's investment objective is to provide an attractive level of total return, through current income and, secondarily, through capital appreciation. The Fund invests in a broad, dynamically managed portfolio of senior secured loans (Senior Loans) made to companies whose debt is rated below investment grade; corporate bonds (Corporate Bonds) that are high yield issues rated below investment grade; other fixed-income instruments of a similar nature that may be represented by derivatives; and securities of collateralized loan obligations (CLOs).

Executives

John Joseph Shaw	director	C/O ARES MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Elaine Orr	director	143 MAGNOLIA AVENUE, MILLBRAE CA 94030
Bruce H Spector	director	APOLLO ADVISORS LP, 2 MANHATTANVILLE ROAD, PURCHASE NY 10577
Thrivent Financial For Lutherans	10 percent owner	901 MARQUETTE AVENUE, SUITE 2500, MINNEAPOLIS MN 55402-3211
Aviva Life & Annuity Co	10 percent owner	7700 MILLS CIVIC PARKWAY, WEST DES MOINES IA 50266
Aisg Gp Ltd.	10 percent owner	C/O WALKERS CORPORATE LIMITED, CAYMAN CORPORATE CENTER, 27 HOSPITAL RD, GEORGE TOWN, GRAND CAYMAN E9 KY1-9008
Athene Usa Corp	10 percent owner	7700 MILLS CIVIC PARWAY, WEST DES MOINES IA 50266
Apollo Management Holdings Gp, Llc	10 percent owner	9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Athene Holding Ltd	10 percent owner	SECOND FLOOR, WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11
Apollo Insurance Solutions Group Lp	10 percent owner	2121 ROSECRANS AVE, STE 5300, EL SEGUNDO CA 90245
Athene Annuity & Life Assurance Co	10 percent owner	400 BROOKFIELD PARKWAY, GREENVILLE SC 29607
Sun Life Assurance Co Of Canada	10 percent owner	ONE YORK STREET, TORONTO A6 M5J 0B6
Apollo Management Holdings, L.p.	10 percent owner	9 W. 57TH STREET, NEW YORK NY 10019
Apollo Capital Management Gp, Llc	10 percent owner	9 WEST 57TH STREET, NEW YORK NY 10019
Apollo Capital Management, L.p.	10 percent owner	9 WEST 57TH STREET, NEW YORK NY 10019