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IGA (Voya Global Advantage and Premium Opportunity Fund) Cash-to-Debt : No Debt (1) (As of Aug. 2024)


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What is Voya Global Advantage and Premium Opportunity 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. Voya Global Advantage and Premium Opportunity Fund's cash to debt ratio for the quarter that ended in Aug. 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, Voya Global Advantage and Premium Opportunity Fund could pay off its debt using the cash in hand for the quarter that ended in Aug. 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 Voya Global Advantage and Premium Opportunity Fund's Cash-to-Debt or its related term are showing as below:

IGA' 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, Voya Global Advantage and Premium Opportunity Fund's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

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

Voya Global Advantage and Premium Opportunity Fund Cash-to-Debt Historical Data

The historical data trend for Voya Global Advantage and Premium Opportunity 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.

* Premium members only.

Voya Global Advantage and Premium Opportunity Fund Cash-to-Debt Chart

Voya Global Advantage and Premium Opportunity Fund Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cash-to-Debt
Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

Voya Global Advantage and Premium Opportunity Fund Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Voya Global Advantage and Premium Opportunity Fund's Cash-to-Debt

For the Asset Management subindustry, Voya Global Advantage and Premium Opportunity 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.


Voya Global Advantage and Premium Opportunity Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Voya Global Advantage and Premium Opportunity Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Voya Global Advantage and Premium Opportunity Fund's Cash-to-Debt falls into.



Voya Global Advantage and Premium Opportunity 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.

Voya Global Advantage and Premium Opportunity Fund's Cash to Debt Ratio for the fiscal year that ended in Feb. 2024 is calculated as:

Voya Global Advantage and Premium Opportunity Fund had no debt (1).

Voya Global Advantage and Premium Opportunity Fund's Cash to Debt Ratio for the quarter that ended in Aug. 2024 is calculated as:

Voya Global Advantage and Premium Opportunity Fund 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.


Voya Global Advantage and Premium Opportunity Fund  (NYSE:IGA) 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.


Voya Global Advantage and Premium Opportunity Fund Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Voya Global Advantage and Premium Opportunity Fund's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.


Voya Global Advantage and Premium Opportunity Fund Business Description

Traded in Other Exchanges
N/A
Address
7337 East Doubletree Ranch Road, Suite 100, Scottsdale, AZ, USA, 85258
Voya Global Advantage and Premium Opportunity Fund is a United States-based diversified, closed-end management investment company. The fund has two investment objectives. Its primary objective is to provide a high level of income, while the secondary objective is to seek capital appreciation. To achieve these objectives, the fund invests at least 80% of its managed assets in a portfolio of common stocks from various countries around the world, including the United States. Additionally, it uses an integrated derivatives strategy.
Executives
Margaret Diorio officer: SVP, PM 230 PARK AVENUE, NEW YORK NY 10169
Steven Wetter officer: SVP, PM 230 PARK AVENUE, 14 FL, NEW YORK NY 10169
Mark Weber officer: Senior Managing Director 230 PARK AVENUE, NEW YORK NY 10169
Dina Santoro officer: Managing Director VOYA INVESTMENT MANAGEMENT, 230 PARK AVENUE, NEW YORK NY 10169
Lydia Homer officer: Chief Financial Officer, Funds 7337 E DOUBLETREE RANCH ROAD, SCOTTSDALE AZ 85258
Christopher P Sullivan director 27 LEE TERRACE, SHORT HILLS NJ 07078
Michael Allyn Bell officer: MD & Chief Financial Officer 230 PARK AVENUE, NEW YORK NY 10169
Etten Frank Van officer: Managing Director 230 PARK AVENUE, NEW YORK NY 10169
Joseph E Obermeyer director 9909 NE 4TH AVENUE ROAD, MIAMI SHORES FL 33138
Russell H Jones director
Martin J Gavin director 282 WASHINGTON STREET, HARTFORD CT 06106
Deprince Albert E Jr director 3029 ST. JOHNS DRIVE, MURFREESBORO TN 37129
Robert W Crispin director 230 PARK AVENUE, 230 PARK AVENUE NY 10169
Pieter Jakob Schop other: Portfolio Manager SCHENKKADE 65, THE HAGUE P7 2595AS
Nelson Fredric A Iii director 230 PARK AVENUE, NEW YORK NY 10169

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