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BlackRock Resourcesmmodities Strategy Trust (BlackRock Resourcesmmodities Strategy Trust) Cash-to-Debt : No Debt (1) (As of Dec. 2023)


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What is BlackRock Resourcesmmodities Strategy 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. BlackRock Resourcesmmodities Strategy 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, BlackRock Resourcesmmodities Strategy 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 BlackRock Resourcesmmodities Strategy Trust's Cash-to-Debt or its related term are showing as below:

BCX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33   Med: No Debt   Max: No Debt
Current: No Debt

During the past 7 years, BlackRock Resourcesmmodities Strategy Trust's highest Cash to Debt Ratio was No Debt. The lowest was 0.33. And the median was No Debt.

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

BlackRock Resourcesmmodities Strategy Trust Cash-to-Debt Historical Data

The historical data trend for BlackRock Resourcesmmodities Strategy 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.

* Premium members only.

BlackRock Resourcesmmodities Strategy Trust Cash-to-Debt Chart

BlackRock Resourcesmmodities Strategy Trust Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial N/A No Debt 0.47 0.33 No Debt

BlackRock Resourcesmmodities Strategy 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.47 2.27 0.33 No Debt No Debt

Competitive Comparison of BlackRock Resourcesmmodities Strategy Trust's Cash-to-Debt

For the Asset Management subindustry, BlackRock Resourcesmmodities Strategy 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.

BlackRock Resourcesmmodities Strategy Trust's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BlackRock Resourcesmmodities Strategy Trust's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where BlackRock Resourcesmmodities Strategy Trust's Cash-to-Debt falls into.


BlackRock Resourcesmmodities Strategy 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.

BlackRock Resourcesmmodities Strategy Trust's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

BlackRock Resourcesmmodities Strategy Trust had no debt (1).

BlackRock Resourcesmmodities Strategy Trust's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

BlackRock Resourcesmmodities Strategy Trust had no debt (1).

* 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.

BlackRock Resourcesmmodities Strategy Trust  (NYSE:BCX) 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.

BlackRock Resourcesmmodities Strategy Trust Cash-to-Debt Related Terms

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BlackRock Resourcesmmodities Strategy Trust (BlackRock Resourcesmmodities Strategy Trust) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BlackRock Resources & Commodities Strategy Trust (NYSE:BCX) » Definitions » Cash-to-Debt
Comparable Companies
AOD CHI NOAH CII RNP AC MQY SLRC MUI ETW BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
100 Bellevue Parkway, Wilmington, DE, USA, 19809
Website
https://www.blackrock.com
BlackRock Resources & Commodities Strategy Trust operates as an investment trust. Its primary investment objective is to seek high current income and current gains, with a secondary objective of capital appreciation. The company invests at least 80% of its total assets in equity securities issued by commodity or natural resources companies, derivatives with exposure to commodity or natural resources companies or investments in securities and derivatives linked to the underlying price movement of commodities or natural resources.
Executives
Arthur Philip Steinmetz director 50 HUDSON YARDS, NEW YORK NY 10001
Aaron David Wasserman officer: Chief Compliance Officer 50 HUDSON YARDS, NEW YORK NY 10001
Lorenzo Flores director 2100 LOGIC DRIVE, SAN JOSE CA 95124
James Phillip Holloman director P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Stayce D. Harris director 1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
Trent Walker officer: Chief Financial Officer C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Alastair Bishop other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Christopher Accettella other: Portfolio Manager 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Kyle Mcclements other: Portfolio Manager 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Thomas Holl other: Portfolio Manager 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Henry Gabbay director 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Robert W Fairbairn director 55 EAST 52ND STREET, NEW YORK NY 10055
Cynthia Egan director 7117 BELLONA AVENUE, BALTIMORE MD 21212
Catherine A. Lynch director 55 EAST 52ND STREET, NEW YORK NY 10055
Skye Macpherson other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055