Kayne Anderson NextGen Energy and Infrastructure (Kayne Anderson NextGen Energy and Infrastructure) Cash-to-Debt : 0.01 (As of May. 2023)

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What is Kayne Anderson NextGen Energy and Infrastructure 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. Kayne Anderson NextGen Energy and Infrastructure's cash to debt ratio for the quarter that ended in May. 2023 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, Kayne Anderson NextGen Energy and Infrastructure couldn't pay off its debt using the cash in hand for the quarter that ended in May. 2023.

The historical rank and industry rank for Kayne Anderson NextGen Energy and Infrastructure's Cash-to-Debt or its related term are showing as below:

KMF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.02
Current: 0.01

During the past 6 years, Kayne Anderson NextGen Energy and Infrastructure's highest Cash to Debt Ratio was 0.02. The lowest was 0.00. And the median was 0.01.

KMF's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 5.445 vs KMF: 0.01

Kayne Anderson NextGen Energy and Infrastructure Cash-to-Debt Historical Data

The historical data trend for Kayne Anderson NextGen Energy and Infrastructure'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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Kayne Anderson NextGen Energy and Infrastructure Cash-to-Debt Chart

Kayne Anderson NextGen Energy and Infrastructure Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Cash-to-Debt

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0.01

Kayne Anderson NextGen Energy and Infrastructure Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23
Cash-to-Debt	Get a 7-Day Free Trial							0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Kayne Anderson NextGen Energy and Infrastructure's Cash-to-Debt

For the Asset Management subindustry, Kayne Anderson NextGen Energy and Infrastructure'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.

Kayne Anderson NextGen Energy and Infrastructure's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Kayne Anderson NextGen Energy and Infrastructure's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kayne Anderson NextGen Energy and Infrastructure's Cash-to-Debt falls into.

Kayne Anderson NextGen Energy and Infrastructure 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.

Kayne Anderson NextGen Energy and Infrastructure's Cash to Debt Ratio for the fiscal year that ended in Nov. 2022 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)
	=	0.503	/	(0	+	79.99)
	=	0.01

Kayne Anderson NextGen Energy and Infrastructure's Cash to Debt Ratio for the quarter that ended in May. 2023 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)
	=	1	/	(0	+	79.681)
	=	0.01

Kayne Anderson NextGen Energy and Infrastructure (NYSE:KMF) 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.

Kayne Anderson NextGen Energy and Infrastructure Cash-to-Debt Related Terms

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Kayne Anderson NextGen Energy and Infrastructure (Kayne Anderson NextGen Energy and Infrastructure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Kayne Anderson NextGen Energy and Infrastructure Inc (NYSE:KMF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

811 Main Street, 14th Floor, Houston, TX, USA, 77002

Website

https://www.kaynefunds.com

Kayne Anderson NextGen Energy and Infrastructure Inc is a non-diversified, closed-end fund. The company's investment objective is to provide a high level of total return with an emphasis on making cash distributions to the stockholders. The company seeks to achieve its investment objective by investing at least 80% of the total assets in the securities of Energy Companies and Infrastructure Companies. It invests in public MLPs, midstream C-corporations, and energy-related debt.

Executives

Metlife Investment Management, Llc	10 percent owner	ONE METLIFE WAY, WHIPPANY NJ 07981
James C Baker	officer: Exective Vice President	C/O KAYNE ANDERSON CAPITAL ADVISORS, L.P, 1800 AVENUE OF THE STARS, THIRD FLOOR, LOS ANGELES CA 90067
Carita Walker	director	2519 PANORAMA TER, LOS ANGELES CA 90039
Caroline Ann Winn	director	14914 VALLE DEL SUR COURT, SAN DIEGO CA 92127
Parker Austin Colby	officer: Chief Financial Officer	811 MAIN STREET, 14TH FLOOR, HOUSTON TX 77002
Principal Life Insurance Co	10 percent owner	711 HIGH STREET, DES MOINES IA 50392-0300
United Of Omaha Life Insurance Co	10 percent owner	MUTUAL OF OMAHA PLZ 3RD FLOOR LAW, ATTN: JAN BROCKMAN, OMAHA NE 68175-1008
Michael J Levitt	director	KAYNE ANDERSON CAPITAL ADVISORS, L.P., 1800 AVENUE OF THE STARS, 3RD FLOOR, LOS ANGELES CA 90067
Albert L Richey	director	3718 ARNOLD, HOUSTON TX 77005
Richard A Kayne	other: SEE NOTES (1) AND (2)
Anne K Costin	director	C/O KAYNE ANDERSON CAPITAL ADVISORS LP, 1800 AVENUE OF THE STARS, LOS ANGELES CA 90067
David J Shladovsky	officer: SEC. & GC OF INV. ADVISOR	C/O KAYNE ANDERSON CAPITAL ADVISORS LP, 1800 AVENUE OF THE STARS, LOS ANGELES CA 90067
Jody Meraz	officer: VICE PRESIDENT	717 TEXAS AVENUE, SUITE 3100, HOUSTON TX 77002
Mutual Of Omaha Insurance Co	10 percent owner	3300 MUTUAL OF OMAHA PLAZA, OMAHA NE 68175
John C Frey	officer: EVP, ASST. SEC. & TREAS	C/O KAYNE ANDERSON CAPITAL ADVISORS LP, 1800 AVENUE OF THE STARS, LOS ANGELES CA 90067