FS Credit Opp (FS Credit Opp) Cash-to-Debt : 0.27 (As of Dec. 2023)

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What is FS Credit Opp 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. FS Credit Opp's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.27.

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, FS Credit Opp couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

FSCO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: 0.29 Max: 0.32
Current: 0.27

During the past 2 years, FS Credit Opp's highest Cash to Debt Ratio was 0.32. The lowest was 0.27. And the median was 0.29.

FSCO's Cash-to-Debt is ranked worse than
73.53% of 1466 companies
in the Asset Management industry
Industry Median: 5.545 vs FSCO: 0.27

FS Credit Opp Cash-to-Debt Historical Data

The historical data trend for FS Credit Opp'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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FS Credit Opp Cash-to-Debt Chart

FS Credit Opp Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

0.32

0.27

FS Credit Opp Semi-Annual Data
	Dec22	Jun23	Dec23
Cash-to-Debt	0.32	0.67	0.27

Competitive Comparison of FS Credit Opp's Cash-to-Debt

For the Asset Management subindustry, FS Credit Opp'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.

FS Credit Opp's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where FS Credit Opp's Cash-to-Debt falls into.

FS Credit Opp 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.

FS Credit Opp'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)
	=	106.203	/	(0	+	390)
	=	0.27

FS Credit Opp's Cash to Debt Ratio for the quarter 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)
	=	106.203	/	(0	+	390)
	=	0.27

FS Credit Opp (NYSE:FSCO) 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.

FS Credit Opp Cash-to-Debt Related Terms

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

FS Credit Opp (FS Credit Opp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » FS Credit Opp Corp. (NYSE:FSCO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 Rouse Boulevard, Philadelphia, PA, USA, 19112

Website

https://www.fsinvestments.com

FS Credit Opp Corp. is a closed-end management investment company. The Fund's primary investment objective is to generate an attractive total return consisting of a high level of current income and capital appreciation, with a secondary objective of capital preservation. The Fund seeks to achieve its investment objectives by focusing on strategies such as Opportunistic Credit (including event-driven and market price inefficiencies), Special Situations, and Capital Structure Solutions.

Executives

Hughes Philip E Jr	director	3936 NETHERFIELD ROAD, PHILADELPHIA PA 19129
Della Clark	director	201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
Fsh Seed Capital Vehicle I Llc	other: Investment Adviser Affiliate	201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
Franklin Square Holdings, L.p.	other: Investment Adviser Affiliate	201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
David J. Adelman	other: Investment Adviser Affiliate	CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104-2867
Michael C. Forman	director, officer: Chief Executive Officer	CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104-2867
Nix Robert N.c. Iii	director	C/O FS INVESTMENT CORPORATION III, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104
Keith Bethel	director	C/O ARAMARK, 2400 MARKET STREET, PHILADELPHIA PA 19103
Guardian Life Insurance Co Of America	10 percent owner	10 HUDSON YARDS, NY NY 10001
Gallivan Edward T Jr	officer: Chief Financial Officer	C/O FS ENERGY AND POWER FUND, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104
Hans Nicholas Heilbut	other: Investment Committee Member	C/O FS INVESTMENTS, 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
Michael John Kelly	other: Investment Committee Member	201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
David Weiser	other: Investment Committee Member	201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
Andrew Beckman	other: Investment Committee Member	C/O FS INVESTMENTS, 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
Sean K Coleman	other: Investment Committee Member	C/O FRANKLIN SQUARE CAPITAL PARTNERS, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104