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GAMCO Natural Resources, Gold &ome Trust (GAMCO Natural Resources, Gold &ome Trust) Cash-to-Debt : No Debt (1) (As of Dec. 2023)


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What is GAMCO Natural Resources, Gold &ome 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. GAMCO Natural Resources, Gold &ome Trust'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, GAMCO Natural Resources, Gold &ome Trust 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 GAMCO Natural Resources, Gold &ome Trust's Cash-to-Debt or its related term are showing as below:

GNT' s Cash-to-Debt Range Over the Past 10 Years
Min: 172   Med: No Debt   Max: No Debt
Current: No Debt

During the past 7 years, GAMCO Natural Resources, Gold &ome Trust's highest Cash to Debt Ratio was No Debt. The lowest was 172.00. And the median was No Debt.

GNT's Cash-to-Debt is ranked better than
99.93% of 1474 companies
in the Asset Management industry
Industry Median: 5.66 vs GNT: No Debt

GAMCO Natural Resources, Gold &ome Trust Cash-to-Debt Historical Data

The historical data trend for GAMCO Natural Resources, Gold &ome 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.

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GAMCO Natural Resources, Gold &ome Trust Cash-to-Debt Chart

GAMCO Natural Resources, Gold &ome Trust Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial No Debt No Debt 172.00 No Debt No Debt

GAMCO Natural Resources, Gold &ome Trust 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 172.00 No Debt No Debt No Debt No Debt

Competitive Comparison of GAMCO Natural Resources, Gold &ome Trust's Cash-to-Debt

For the Asset Management subindustry, GAMCO Natural Resources, Gold &ome 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.

GAMCO Natural Resources, Gold &ome Trust's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, GAMCO Natural Resources, Gold &ome Trust's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where GAMCO Natural Resources, Gold &ome Trust's Cash-to-Debt falls into.


GAMCO Natural Resources, Gold &ome 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.

GAMCO Natural Resources, Gold &ome Trust's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

GAMCO Natural Resources, Gold &ome Trust had no debt (1).

GAMCO Natural Resources, Gold &ome Trust's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

GAMCO Natural Resources, Gold &ome Trust had no debt (1).

* 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.

GAMCO Natural Resources, Gold &ome Trust  (NYSE:GNT) 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.

GAMCO Natural Resources, Gold &ome Trust Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of GAMCO Natural Resources, Gold &ome Trust's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

GAMCO Natural Resources, Gold &ome Trust (GAMCO Natural Resources, Gold &ome Trust) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) » Definitions » Cash-to-Debt
Comparable Companies
CMU RFM CGO KSM PFX GGZ FCO HNW OCCI ERH BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
GNTpA.PFD:USA
Address
One Corporate Center, Rye, NY, USA, 10580-1422
Website
http://www.gabelli.com
GAMCO Natural Resources, Gold & Income Trust is a non-diversified closed-end management investment company. The company's primary investment objective is to provide a high level of current income from interest, dividends, and options premiums. It invests in various sectors such as metals and mining, energy and energy services, specialty chemicals, agriculture, healthcare, machinery, food and beverage, and others.
Executives
Agnes Mullady officer: Treasurer & Secretary ONE CORPORATE CENTER, RYE NY 10580
Peter D. Goldstein officer: Secretary 249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
James P Conn director
Anthony S. Colavita director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
John Chester Ball officer: Treasurer 800 CONNECTICUT AVENUE, NORWALK CT 06854
Kuni Nakamura director 1 MARTIN BUTLER COURT, RYE NY 10580
Bruce N Alpert officer: President C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Mario J Gabelli other: Control Person of Adviser 191 MASON STREET, GREENWICH CT 06830
William F Heitmann director 1095 AVENUE OF THE AMERICAS, ROOM 4140, NEW YORK NY 10036-6797
Michael J Melarkey director ONE CORPORATE CENTER, RYE NY 10580
Anthonie C Vanekris director ONE CORPORATE CENTER, RYE NY 10580
Fahrenkopf Frank J Jr director ONE CORPORATE CENTER, RYE NY 10580
Salvatore J Zizza director 810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019
Urso Mario D director 65 EATON SQUARE, LONDON SW UK X0 041101225
Anthony J Colavita director ONE CORPORATE CENTER, RYE NY 10580