CQS New City High Yield Fund (CHIX:NCYFL) Cash-to-Debt : 0.35 (As of Jun. 2024)

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What is CQS New City High Yield 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. CQS New City High Yield Fund's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.35.

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, CQS New City High Yield 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 CQS New City High Yield Fund's Cash-to-Debt or its related term are showing as below:

CHIX:NCYFl' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.24 Max: 0.35
Current: 0.35

During the past 13 years, CQS New City High Yield Fund's highest Cash to Debt Ratio was 0.35. The lowest was 0.09. And the median was 0.24.

CHIX:NCYFl's Cash-to-Debt is ranked worse than
70.31% of 1455 companies
in the Asset Management industry
Industry Median: 5.53 vs CHIX:NCYFl: 0.35

CQS New City High Yield Fund Cash-to-Debt Historical Data

The historical data trend for CQS New City High Yield 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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CQS New City High Yield Fund Cash-to-Debt Chart

CQS New City High Yield Fund Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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0.09

0.35

0.12

0.19

0.35

CQS New City High Yield Fund Quarterly Data
	Dec14	Jun15	Dec15	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															0.12	0.08	0.19	0.08	0.35

Competitive Comparison of CQS New City High Yield Fund's Cash-to-Debt

For the Asset Management subindustry, CQS New City High Yield 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.

CQS New City High Yield Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, CQS New City High Yield Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CQS New City High Yield Fund's Cash-to-Debt falls into.

CQS New City High Yield 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.

CQS New City High Yield Fund's Cash to Debt Ratio for the fiscal year 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)
	=	12.35	/	(0	+	35)
	=	0.35

CQS New City High Yield 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)
	=	12.35	/	(0	+	35)
	=	0.35

CQS New City High Yield Fund (CHIX:NCYFl) 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.

CQS New City High Yield Fund Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of CQS New City High Yield Fund's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

CQS New City High Yield Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CQS New City High Yield Fund Ltd (CHIX:NCYFl) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NCYF:UK

Address

IFC 1, The Esplanade, Saint Helier, JEY, JE1 4BP

Website

https://www.ncim.co.uk

CQS New City High Yield Fund Ltd is a UK-based closed-ended investment company to provide investors with a high dividend yield and the potential for capital growth through investing in its strategic investments in fixed-interest securities. The company also invests in equities and other income-yielding securities.

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