Voya Global Advantage and Premium Opportunity Fund (NYSE:IGA) Long-Term Debt & Capital Lease Obligation

: $0.00 Mil (As of Aug. 2022)

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Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Voya Global Advantage and Premium Opportunity Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2022 was $0.00 Mil.

LT-Debt-to-Total-Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligation divides by its Total Assets. Voya Global Advantage and Premium Opportunity Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2022 was $0.00 Mil. Voya Global Advantage and Premium Opportunity Fund's Total Assets for the quarter that ended in Aug. 2022 was $163.50 Mil. Voya Global Advantage and Premium Opportunity Fund's LT-Debt-to-Total-Asset for the quarter that ended in Aug. 2022 was 0.00.

Voya Global Advantage and Premium Opportunity Fund's LT-Debt-to-Total-Asset stayed the same from Aug. 2021 (0.00) to Aug. 2022 (0.00).

Voya Global Advantage and Premium Opportunity Fund Long-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Voya Global Advantage and Premium Opportunity Fund's Long-Term Debt & Capital Lease Obligation 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.

* Premium members only.

Voya Global Advantage and Premium Opportunity Fund Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Long-Term Debt & Capital Lease Obligation

Voya Global Advantage and Premium Opportunity Fund Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22
Long-Term Debt & Capital Lease Obligation							-	-	-	-	-

Voya Global Advantage and Premium Opportunity Fund Long-Term Debt & Capital Lease Obligation Calculation

Long-Term Debt is the debt due more than 12 months in the future. The debt can be owed to banks or bondholders. Some companies issue bonds to investors and pay interest on the bonds.

Long-Term Capital Lease Obligation represents the total liability for long-term leases lasting over one year. It's amount equal to the present value (the principal) at the beginning of the lease term less lease payments during the lease term.

The interest paid on companies' debt is reflected in the income statement as interest expense. If a company has too much debt and it cannot serve the interest payment on the debt or repay the matured debt, the company risks bankruptcy. Peter Lynch famously said: A company that does not have debt cannot go bankrupt.

A company's long term debt may have different dates of maturity and interest rates, depending on the terms.

Usually a company issues long term debt to pay for its capital expenditures. Borrowing allows the company to do things that otherwise cannot be done with only the capital it has. But debt can be risky.

Voya Global Advantage and Premium Opportunity Fund (NYSE:IGA) Long-Term Debt & Capital Lease Obligation Explanation

Voya Global Advantage and Premium Opportunity Fund's LT-Debt-to-Total-Asset ratio for the quarter that ended in Aug. 2022 is calculated as:

LT-Debt-to-Total-Asset (Q: Aug. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2022 )	/	Total Assets (Q: Aug. 2022 )
	=	0	/	163.498
	=	0.00

Buffett says that durable competitive advantages carry little to no long-term debt because the company is so profitable that even expansions or acquisitions are self financed.

We are interested in long term debt load for the last ten years. If the ten years of operation show little to no long term debt, then the company has some kind of strong competitive advantage.

Warren Buffett's historic purchases indicate that on any given year, the company should have sufficient yearly net earnings to pay all long term within 3 or 4 year earnings period. (e.g. Coke + Moody's = 1yr)

Companies with enough earning power to pay long term debt in less than 3 or 4 years is a good candidate in our search for long term competitive advantage.

BUT, these companies are targets for leveraged buy outs, which saddles the business with long term debt.

If all else indicates the company has a moat, but it has ton of debt, a leveraged buyout may have created the debt. In these cases the company's bonds offer the better bet, in that the companys earnings power is focused on paying off the debt and not growth.

Important: little or no long term debt often means a Good Long Term Bet

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Voya Global Advantage and Premium Opportunity Fund (NYSE:IGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Voya Global Advantage and Premium Opportunity Fund (NYSE:IGA) » Definitions » Long-Term Debt & Capital Lease Obligation

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Traded in Other Exchanges

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Address

7337 East Doubletree Ranch Road, Suite 100, Scottsdale, AZ, USA, 85258

Website

https://www.voyainvestments.com

Voya Global Advantage and Premium Opportunity Fund is a United States-based diversified, closed-end management investment company. Its primary investment objective is to provide a high level of income. The secondary investment objective of the fund is to seek capital appreciation. The fund seeks to achieve its investment objectives by investing at least 80% of its managed assets in a portfolio of common stocks of companies located in several different countries throughout the world, including the United States, and it also utilizes an integrated derivatives strategy.

Executives

Margaret Diorio	officer: SVP, PM	230 PARK AVENUE, NEW YORK NY 10169
Steven Wetter	officer: SVP, PM	230 PARK AVENUE, 14 FL, NEW YORK NY 10169
Mark Weber	officer: Senior Managing Director	230 PARK AVENUE, NEW YORK NY 10169
Dina Santoro	officer: Managing Director	VOYA INVESTMENT MANAGEMENT, 230 PARK AVENUE, NEW YORK NY 10169
Lydia Homer	officer: Chief Financial Officer, Funds	7337 E DOUBLETREE RANCH ROAD, SCOTTSDALE AZ 85258
Christopher P Sullivan	director	27 LEE TERRACE, SHORT HILLS NJ 07078
Michael Allyn Bell	officer: MD & Chief Financial Officer	230 PARK AVENUE, NEW YORK NY 10169
Etten Frank Van	officer: Managing Director	230 PARK AVENUE, NEW YORK NY 10169
Joseph E Obermeyer	director	9909 NE 4TH AVENUE ROAD, MIAMI SHORES FL 33138
Russell H Jones	director
Martin J Gavin	director	282 WASHINGTON STREET, HARTFORD CT 06106
Deprince Albert E Jr	director	3029 ST. JOHNS DRIVE, MURFREESBORO TN 37129
Robert W Crispin	director	230 PARK AVENUE, 230 PARK AVENUE NY 10169
Pieter Jakob Schop	other: Portfolio Manager	SCHENKKADE 65, THE HAGUE P7 2595AS
Nelson Fredric A Iii	director	230 PARK AVENUE, NEW YORK NY 10169