Western Asset Highome Oppor Fd (Western Asset Highome Oppor Fd) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Western Asset Highome Oppor Fd 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. Western Asset Highome Oppor Fd's cash to debt ratio for the quarter that ended in Mar. 2024 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, Western Asset Highome Oppor Fd could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 Western Asset Highome Oppor Fd's Cash-to-Debt or its related term are showing as below:

HIO' 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, Western Asset Highome Oppor Fd's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

HIO's Cash-to-Debt is ranked better than
99.93% of 1467 companies
in the Asset Management industry
Industry Median: 5.56 vs HIO: No Debt

Western Asset Highome Oppor Fd Cash-to-Debt Historical Data

The historical data trend for Western Asset Highome Oppor Fd'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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Western Asset Highome Oppor Fd Cash-to-Debt Chart

Western Asset Highome Oppor Fd Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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No Debt

Western Asset Highome Oppor Fd Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial									No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Western Asset Highome Oppor Fd's Cash-to-Debt

For the Asset Management subindustry, Western Asset Highome Oppor Fd'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.

Western Asset Highome Oppor Fd's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Western Asset Highome Oppor Fd's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Western Asset Highome Oppor Fd's Cash-to-Debt falls into.

Western Asset Highome Oppor Fd 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.

Western Asset Highome Oppor Fd's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Western Asset Highome Oppor Fd had no debt ⁽¹⁾.

Western Asset Highome Oppor Fd's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Western Asset Highome Oppor Fd had no debt ⁽¹⁾.

Western Asset Highome Oppor Fd (NYSE:HIO) 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.

Western Asset Highome Oppor Fd Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Western Asset Highome Oppor Fd's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Western Asset Highome Oppor Fd (Western Asset Highome Oppor Fd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Western Asset High Income Oppor Fd Inc (NYSE:HIO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

620 Eighth Avenue, 47th Floor, New York, NY, USA, 10018

Website

https://www.leggmason.com

Western Asset High Income Oppor Fd Inc is a diversified closed-end management investment company. The company's primary objective is to seek high current income and the secondary objective is capital appreciation. It invests in various sectors such as auto components, hotels, restaurants and leisure, household durables, food & staples, energy, banks, capital markets, consumer finance, insurance, pharmaceuticals, aerospace and defense, and others.

Executives

Oliveira Marc De	officer: Secretary/Chief Legal Officer	C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Hoffmann Courtney A.	other: Secretary/GC Subadviser	WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Carol L Colman	director	278 HAWLEY RD, NORTH SALEM NY 10560
Daniel P Cronin	director	235 EAST 42ND ST, NEW YORK NY 10017
Andrew J. Bowden	other: COO/Subadviser	WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
William R Hutchinson	director	535 N MICHIGAN STE 1012, CHICAGO IL 60611
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Laura F Fergerson	other: Manager/Investment Manager	3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
Brian Eakes	other: Manager/Investment Manager	100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
George P. Hoyt	officer: Secretary and Ch Lgl Officer	C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Matthew Nicholls	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jennifer M Johnson	other: Director of Sub-Adviser	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906
Jed A. Plafker	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Fred Steven Jensen	officer: Chief Compliance Officer	LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Christopher Berarducci	officer: Treas/Principal Finan Officer	LEGG MASON, 620 EIGHTH AVENUE, NEW YORK NY 10018