GABPJ.PFD (Gabelli Equity Trust) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2024)

View and export this data going back to 2016. Start your Free Trial

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

GABpJ.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.71 Med: No Debt Max: No Debt
Current: No Debt

During the past 8 years, Gabelli Equity Trust's highest Cash to Debt Ratio was No Debt. The lowest was 1.71. And the median was No Debt.

GABpJ.PFD's Cash-to-Debt is ranked better than
99.66% of 1455 companies
in the Asset Management industry
Industry Median: 5.53 vs GABpJ.PFD: No Debt

Gabelli Equity Trust Cash-to-Debt Historical Data

The historical data trend for Gabelli Equity Trust'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.

* Premium members only.

Gabelli Equity Trust Cash-to-Debt Chart

Gabelli Equity Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

N/A

No Debt

Gabelli Equity Trust Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial										45.82	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Gabelli Equity Trust's Cash-to-Debt

For the Asset Management subindustry, Gabelli Equity Trust'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.

Gabelli Equity Trust's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Gabelli Equity Trust's Cash-to-Debt falls into.

Gabelli Equity Trust 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.

Gabelli Equity Trust's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Gabelli Equity Trust had no debt ⁽¹⁾.

Gabelli Equity Trust's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Gabelli Equity Trust had no debt ⁽¹⁾.

Gabelli Equity Trust (NYSE:GABpJ.PFD) 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.

Gabelli Equity Trust Cash-to-Debt Related Terms

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

Gabelli Equity Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gabelli Equity Trust Inc (NYSE:GABpJ.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GABpK.PFD:USA GABpH.PFD:USA GABpG.PFD:USA GAB:USA

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

Gabelli Equity Trust Inc is a non-diversified closed-end management investment company. Its primary investment objective is the long-term growth of capital with income as a secondary objective. The Fund invests at least its assets in equity securities under normal market conditions. Its equity portfolio includes common stock, preferred stock, convertible or exchangeable securities, and warrants and rights to purchase such securities selected by the Investment Adviser. The company invests in various sectors, of which Food & Beverage, Financial Services, Equipment and Supplies, Entertainment, Consumer Products, Health Care, Diversified Industrial, Business Services, Consumer Services and others.