GUG (Guggenheim Active Allocation Fund) Cash-to-Debt : 0.01 (As of Nov. 2024)

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What is Guggenheim Active Allocation 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. Guggenheim Active Allocation Fund's cash to debt ratio for the quarter that ended in Nov. 2024 was 0.01.

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, Guggenheim Active Allocation Fund couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2024.

The historical rank and industry rank for Guggenheim Active Allocation Fund's Cash-to-Debt or its related term are showing as below:

GUG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.01
Current: 0.01

During the past 3 years, Guggenheim Active Allocation Fund's highest Cash to Debt Ratio was 0.01. The lowest was 0.00. And the median was 0.00.

GUG's Cash-to-Debt is ranked worse than
97.13% of 1429 companies
in the Asset Management industry
Industry Median: 5.03 vs GUG: 0.01

Guggenheim Active Allocation Fund Cash-to-Debt Historical Data

The historical data trend for Guggenheim Active Allocation 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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Guggenheim Active Allocation Fund Cash-to-Debt Chart

Guggenheim Active Allocation Fund Annual Data

Trend

May22

May23

May24

Cash-to-Debt

Guggenheim Active Allocation Fund Semi-Annual Data
	May22	Nov22	May23	Nov23	May24	Nov24
Cash-to-Debt	Get a 7-Day Free Trial			-	-	0.01	-	0.01

Competitive Comparison of Guggenheim Active Allocation Fund's Cash-to-Debt

For the Asset Management subindustry, Guggenheim Active Allocation 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.

Guggenheim Active Allocation Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Guggenheim Active Allocation Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Guggenheim Active Allocation Fund's Cash-to-Debt falls into.

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Guggenheim Active Allocation 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.

Guggenheim Active Allocation Fund's Cash to Debt Ratio for the fiscal year that ended in May. 2024 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)
	=	0.178	/	(0	+	166.421)
	=	0.00

Guggenheim Active Allocation Fund's Cash to Debt Ratio for the quarter that ended in Nov. 2024 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)
	=	2.27	/	(0	+	213.748)
	=	0.01

Guggenheim Active Allocation Fund (NYSE:GUG) 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.

Guggenheim Active Allocation Fund Cash-to-Debt Related Terms

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

Guggenheim Active Allocation Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Guggenheim Active Allocation Fund (NYSE:GUG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

227 West Monroe Street, Chicago, IL, USA, 60606

Website

https://www.guggenheiminvestments.com

Guggenheim Active Allocation Fund is a diversified closed-end management investment company. The fund's investment objective is to maximize total return through a combination of current income and capital appreciation. The company invests in both fixed-income and other debt instruments selected from a variety of sectors and credit qualities, and may also invest in equities. It uses tactical asset allocation models to determine the optimal allocation of its assets between fixed-income and equity securities. A majority of its investments are made in corporate bonds and the rest in senior floating rate interests, asset-backed securities, preferred stocks, and other securities.

Executives

Randall C Barnes	director, other: Trustee	2455 CORPORATE WEST DRIVE, LISLE IL 60187
Angela Brock-kyle	director, other: Trustee	3700 COLONNADE PARKWAY, BIRMINGHAM AL 35243
Toupin Ronald E Jr	director, other: Trustee	117 ASHLAND AVENUE, RIVER FOREST IL 60305
Ronald Nyberg	director, other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Sandra G Sponem	director, other: Trustee	800 NICOLLET MALL, J1012057, MINNEAPOLIS MN 55402-7020
William Rehder	officer: Assistant Vice President	227 W MONROE STREET, CHICAGO IL 60606
B. Scott Minerd	other: Chief Inv. Officer of Adviser	2455 CORPORATE WEST DRIVE, LISLE IL 60532
Guggenheim Funds Investment Advisors, Llc	other: Investment Adviser	227 WEST MONROE STREET, CHICAGO IL 60606
Guggenheim Partners Investment Management, Llc	other: Investment Adviser Affiliate	100 WILSHIRE BOULEVARD, 5TH FLOOR, SANTA MONICA CA 90401
Hollowell Iii Orenzo Perry	other: Portfolio Manager	330 MADISON AVENUE, NEW YORK NY 10017
Anne Bookwalter Walsh	other: Managing Dir. to Subadvisor	2455 CORPORATE WEST DRIVE, LISLE IL 60532
Bryan Stone	officer: Vice President	2455 CORPORATE WEST DRIVE, LISLE IL 60532
Steven H. Brown	other: Portfolio Manager	227 WEST MONROE STREET, 49TH FLOOR, CHICAGO IL 60606
Glenn Mcwhinnie	officer: Assistant Treasurer	227 W. MONROE STREET, CHICAGO IL 60606
Adam Bloch	other: portfolio manager	2455 CORPORATE WEST DRIVE, LISLE IL 60532

Guggenheim Active Allocation Fund Headlines

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