FFA (First Trust Enhanced Equityome Fund) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2024)

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What is First Trust Enhanced Equityome 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. First Trust Enhanced Equityome Fund's cash to debt ratio for the quarter that ended in Dec. 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, First Trust Enhanced Equityome Fund could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 First Trust Enhanced Equityome Fund's Cash-to-Debt or its related term are showing as below:

FFA' 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 8 years, First Trust Enhanced Equityome Fund's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

FFA's Cash-to-Debt is ranked better than
99.72% of 1429 companies
in the Asset Management industry
Industry Median: 5.03 vs FFA: No Debt

First Trust Enhanced Equityome Fund Cash-to-Debt Historical Data

The historical data trend for First Trust Enhanced Equityome 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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First Trust Enhanced Equityome Fund Cash-to-Debt Chart

First Trust Enhanced Equityome Fund Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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No Debt

First Trust Enhanced Equityome Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial										No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of First Trust Enhanced Equityome Fund's Cash-to-Debt

For the Asset Management subindustry, First Trust Enhanced Equityome 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.

First Trust Enhanced Equityome Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Trust Enhanced Equityome Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where First Trust Enhanced Equityome Fund's Cash-to-Debt falls into.

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First Trust Enhanced Equityome 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.

First Trust Enhanced Equityome Fund's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 is calculated as:

First Trust Enhanced Equityome Fund had no debt ⁽¹⁾.

First Trust Enhanced Equityome Fund's Cash to Debt Ratio for the quarter that ended in Dec. 2024 is calculated as:

First Trust Enhanced Equityome Fund had no debt ⁽¹⁾.

First Trust Enhanced Equityome Fund (NYSE:FFA) 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.

First Trust Enhanced Equityome Fund Cash-to-Debt Related Terms

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

First Trust Enhanced Equityome Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Trust Enhanced Equity Income Fund (NYSE:FFA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187

Website

https://www.ftportfolios.com

First Trust Enhanced Equity Income Fund is a diversified, closed-end management investment company. Its investment objective is to provide high level of current income and gains and, to a lesser extent, capital appreciation. The Fund pursues its investment objective by investing in a diversified portfolio of equity securities.

Executives

James A Bowen	director, officer: President	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Bronwyn Wright	director	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Jeffrey D Bilsky	other: Portfolio Manager-Sub Advisor	C/O CHARTWELL INVESTMENT PARTNERS, 1205 WESTLAKES DR., SUITE 100, BERWYN PA 19312
M Keefe Denise	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kelly Catherine Dehler	other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott Michael Friske	other: Officer - Investment Advisor	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Douglas W Kugler	other: Officer-Investment Sub-Advisor	1235 WESTLAKES DRIVE, SUITE 400, BERWYN PA 19312
Michael Patrick Magee	other: Officer-Invest. Sub-Advisor	C/O CHARTWELL INVESTMENT PARTNERS, LLC, 1205 WESTLAKES DRIVE, SUITE 100, BERWYN PA 19312
Luann Molino	other: Officer-Investment Sub-Advisor	CHARTWELL INVESTMENT PARTNERS, L.P., 1235 WESTLAKES DRIVE, SUITE 400, BERWYN PA 19312
Shane Shannon	officer: Assistant Secretary	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Donald Swade	officer: Assistant Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Katherine L Urevig	officer: Assistant Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Peter M Schofield	other: Officer-Investment Sub-Advisor	CHARTWELL INVESTMENT PARTNERS, 1235 WESTLAKES DRIVE, SUITE 400, BERWYN PA 19312
Rosanne Gatta	officer: Assistant Secretary	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY STREET, SUITE 400, WHEATON IL 60187
Erin E Klassman	officer: Assistant Secretary	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, WHEATON IL 60187