NEW GERMANY FUND (NEW GERMANY FUND) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is NEW GERMANY 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. NEW GERMANY FUND's cash to debt ratio for the quarter that ended in Dec. 2023 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, NEW GERMANY FUND could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 NEW GERMANY FUND's Cash-to-Debt or its related term are showing as below:

GF' 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 7 years, NEW GERMANY FUND's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

GF's Cash-to-Debt is ranked better than
99.93% of 1473 companies
in the Asset Management industry
Industry Median: 5.79 vs GF: No Debt

NEW GERMANY FUND Cash-to-Debt Historical Data

The historical data trend for NEW GERMANY 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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NEW GERMANY FUND Cash-to-Debt Chart

NEW GERMANY FUND Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

N/A

No Debt

NEW GERMANY FUND Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of NEW GERMANY FUND's Cash-to-Debt

For the Asset Management subindustry, NEW GERMANY 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.

NEW GERMANY FUND's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, NEW GERMANY FUND's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where NEW GERMANY FUND's Cash-to-Debt falls into.

NEW GERMANY 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.

NEW GERMANY FUND's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

NEW GERMANY FUND had no debt ⁽¹⁾.

NEW GERMANY FUND's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

NEW GERMANY FUND had no debt ⁽¹⁾.

NEW GERMANY FUND (NYSE:GF) 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.

NEW GERMANY FUND Cash-to-Debt Related Terms

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

NEW GERMANY FUND (NEW GERMANY FUND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » NEW GERMANY FUND INC (NYSE:GF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

875 Third Avenue, New York, NY, USA, 10022-6225

Website

https://www.dws.com

NEW GERMANY FUND INC is the United States based non-diversified, closed-end management investment company. As the investment objective, the fund seeks long-term capital appreciation through investment in middle market German equities. The fund's portfolio of investment includes investment in different sectors such as the industrials, information technology, material, consumer discretionary, Communication Services, Financials, Consumer Staples, Real Estate, Utilities, healthcare, Energy and others. Its portfolio is geographically diversified across the Netherlands, Germany, and Italy.

Executives

Bernhard Koepp	director	C/O ANJIE LAROCCA-LEWIS, DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Christopher Pleister	director	C/O ANJIE LAROCCA, DEUTSCHE BANK, 60 WALL STREET, NEW YORK NY 10005
Juan Barriobero	other: Deputy Portfolio Manager	C/O ANJIE LAROCCA, DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Daniel Hann	other: Deputy Portfolio Manager	C/O ANJIE LAROCCA, DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Alexander Lippert	other: Deputy Portfolio Manager	C/O ANJIE LAROCCA, DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Holger Hatje	director	C/O ANJIE LAROCCA, DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Fiona Flannery	director	C/O ANJIE LAROCCA-LEWIS, DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Leon A Cappel	other: Deputy Portfolio Manager	C/O ANJIE LAROCCA-LEWIS, DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Walter C. Dostmann	director	C/O ANJIE LAROCCA, DEUTSCHE BANK, 60 WALL STREET, NEW YORK NY 10005
Christian Rijs	officer: AML Compliance Officer	C/O DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Helen Delman	other: Section 16 Officer	C/O DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Michelle S. Goveia	officer: AML Compliance Officer	C/O ANJIE LAROCCA, DEUTSCHE BANK, 60 WALL STREET, NEW YORK NY 10005
Christian Zugel	director	TWO BRIDGE AVENUE, SUITE 322, RED HOOK NJ 07701
Alyssa Asbury	officer: Assistant Secretary	C/O DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Wolfgang Helmut Leoni	director	C/O ANJIE LAROCCA, DEUTSCHE BANK, 60 WALL STREET, NEW YORK NY 10005