BSL (Blackstone Senior Floating Rate Term Fund) Cash-to-Debt : 0.00 (As of Jun. 2024)

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What is Blackstone Senior Floating Rate Term 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 Senior Floating Rate Term Fund's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.00.

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 Senior Floating Rate Term 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 Senior Floating Rate Term Fund's Cash-to-Debt or its related term are showing as below:

During the past 8 years, Blackstone Senior Floating Rate Term Fund's highest Cash to Debt Ratio was 0.28. The lowest was 0.00. And the median was 0.06.

BSL's Cash-to-Debt is not ranked ^*
in the Asset Management industry.
Industry Median: 5.53
* Ranked among companies with meaningful Cash-to-Debt only.

Blackstone Senior Floating Rate Term Fund Cash-to-Debt Historical Data

The historical data trend for Blackstone Senior Floating Rate Term 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 Senior Floating Rate Term Fund Cash-to-Debt Chart

Blackstone Senior Floating Rate Term Fund Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.07

0.09

0.04

0.28

Blackstone Senior Floating Rate Term Fund Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial												0.02	0.28	-	-	-

Competitive Comparison of Blackstone Senior Floating Rate Term Fund's Cash-to-Debt

For the Asset Management subindustry, Blackstone Senior Floating Rate Term 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 Senior Floating Rate Term Fund's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Blackstone Senior Floating Rate Term Fund's Cash-to-Debt falls into.

Blackstone Senior Floating Rate Term 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 Senior Floating Rate Term 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)
	=	0.004	/	(0	+	89.6)
	=	0.00

Blackstone Senior Floating Rate Term 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)
	=	0.039	/	(0	+	90.6)
	=	0.00

Blackstone Senior Floating Rate Term Fund (NYSE:BSL) 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 Senior Floating Rate Term Fund Cash-to-Debt Related Terms

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

Blackstone Senior Floating Rate Term Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackstone Senior Floating Rate Term Fund (NYSE:BSL) » 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 Senior Floating Rate Term Fund is a diversified, closed-end management investment company. Its primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. It also invests in second-lien loans and high yield bonds and employs financial leverage, which may increase the risk to the Fund.

Executives

Thomas W Jasper	other: Trustee	C/O PRIMUS ASSET MANAGEMENT, INC., 360 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10017
Gordon Mckemie	other: Portfolio Manager	C/O GSO CAPITAL PARTNERS LP, 345 PARK AVENUE, NEW YORK NY 10154
William J Renahan	officer: Chief Compliance Officer	399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Valerie Naratil	officer: Public Relations Officer	345 PARK AVENUE, NEW YORK NY 10154
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	officer: See Remarks, other: See Remarks	1290 BROADWAY, SUITE 1100, DENVER CO 80203
Dohyun (doris) Lee-silvestri	officer: Chief Financial Officer	C/O HPS INVESTMENT PARTNERS, LLC, 40 WEST 57TH STREET, 33RD FLOOR, NEW YORK NY 10019
Jane Lee	other: Mng Dir.of Investment Advisor	1290 BROADWAY, SUITE 1100 CO 80203
Smith Daniel Harlan Jr.	officer: CEO, President, other: Trustee, Chairman	1290 BROADWAY, SUITE 1100, DENVER CO 80203
Marisa Janel Beeney	officer: CCO, Chief Legal Officer,Sec.	1290 BROADWAY, SUITE 1100, DENVER CO 80203
Gary S Schpero	other: Trustee	1290 BROADWAY, SUITE 1100, DENVER CO 80203
Lee Michael Shaiman	officer: Exec. VP, Assistant Secretary	C/O INVESTCORP CREDIT MANAGEMENT BDC INC, 280 PARK AVENUE, 39TH FLOOR, NEW YORK NY 10017