BGB (Blackstone Strategic Credit Fund) Cash-to-Debt : 0.01 (As of Jun. 2024)

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What is Blackstone Strategic Credit 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. Blackstone Strategic Credit Fund's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.01.

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, Blackstone Strategic Credit Fund couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Blackstone Strategic Credit Fund's Cash-to-Debt or its related term are showing as below:

BGB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: 0.19
Current: 0.01

During the past 7 years, Blackstone Strategic Credit Fund's highest Cash to Debt Ratio was 0.19. The lowest was 0.00. And the median was 0.05.

BGB's Cash-to-Debt is ranked worse than
96.56% of 1455 companies
in the Asset Management industry
Industry Median: 5.53 vs BGB: 0.01

Blackstone Strategic Credit Fund Cash-to-Debt Historical Data

The historical data trend for Blackstone Strategic Credit 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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Blackstone Strategic Credit Fund Cash-to-Debt Chart

Blackstone Strategic Credit Fund Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.05

0.11

0.02

0.19

Blackstone Strategic Credit Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial									0.03	0.19	-	-	0.01

Competitive Comparison of Blackstone Strategic Credit Fund's Cash-to-Debt

For the Asset Management subindustry, Blackstone Strategic Credit 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.

Blackstone Strategic Credit Fund's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Blackstone Strategic Credit Fund's Cash-to-Debt falls into.

Blackstone Strategic Credit 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.

Blackstone Strategic Credit 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)
	=	0.558	/	(0	+	282.6)
	=	0.00

Blackstone Strategic Credit Fund's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	1.483	/	(0	+	291.1)
	=	0.01

Blackstone Strategic Credit Fund (NYSE:BGB) 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.

Blackstone Strategic Credit Fund Cash-to-Debt Related Terms

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

Blackstone Strategic Credit Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackstone Strategic Credit Fund (NYSE:BGB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

345 Park Avenue, 31st Floor, New York, NY, USA, 10154

Website

http://www.blackstone-credit.com

Blackstone Strategic Credit Fund is a closed-end term fund. Its primary investment objective is to seek high current income. The secondary objective of the fund is to seek the preservation of capital. Under normal market conditions, the Fund invests at least 80% of its Managed Assets in senior, secured floating-rate loans. The fund also invest in second-lien loans and high yield bonds and employs financial leverage, which may increase risk to the Fund. The Fund has a limited term, and absent shareholder approval to extend the life of the Fund.

Executives

Gordon Mckemie	other: Portfolio Manager	C/O GSO CAPITAL PARTNERS LP, 345 PARK AVENUE, NEW YORK NY 10154
Valerie Naratil	officer: Public Relations Officer	345 PARK AVENUE, NEW YORK NY 10154
Metlife Investment Management, Llc	10 percent owner	ONE METLIFE WAY, WHIPPANY NJ 07981
William J Renahan	officer: Chief Compliance Officer	399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Gregory Roppa	officer: CFO & Treasurer	601 LEXINGTON AVENUE, NEW YORK NY 10022
Jane Siebels	director	345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154
Robert Post	other: Portfolio Manager	C/O GSO/BLACKSTONE DEBT FUNDS MGMT, LLC, 345 PARK AVE 31ST FLOOR, NEW YORK NY 10154
Robert W Busch	officer: CFO & Treasurer	C/O HPS INVESTMENT PARTNERS, LLC, 40 WEST 57TH STREET, 33RD FLOOR, NEW YORK NY 10019
Robert Zable	other: Portfolio Mngr,Mbr of Inv.Comm	1290 BROADWAY, SUITE 1100, DENVER CO 80203
Voya Financial, Inc.	10 percent owner	230 PARK AVENUE, NEW YORK NY 10169
Lion Connecticut Holdings Inc.	10 percent owner	ONE ORANGE WAY, WINDSOR CT 06095
Ing Usa Annuity & Life Insurance Co	10 percent owner	699 WALNUT STREET, SUITE 1350, DE MOINES IA 50309-3942
Ing Life Insurance & Annuity Co	10 percent owner	ONE ORANGE WAY, WINDSOR CT 06095-4774
Sun Life Financial Inc	10 percent owner	SUN LIFE ASSURANCE CO OF CANADA, ONE YORK STREET, TORONTO A6 M5J 0B6
Sun Life Assurance Co Of Canada	10 percent owner	ONE YORK STREET, TORONTO A6 M5J 0B6