MFD Cash-to-Debt : 0.28 (As of May. 2024)

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What is Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income 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. Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's cash to debt ratio for the quarter that ended in May. 2024 was 0.28.

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, Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund couldn't pay off its debt using the cash in hand for the quarter that ended in May. 2024.

The historical rank and industry rank for Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Cash-to-Debt or its related term are showing as below:

MFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.27 Max: 0.41
Current: 0.28

During the past 7 years, Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's highest Cash to Debt Ratio was 0.41. The lowest was 0.06. And the median was 0.27.

MFD's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 5.22 vs MFD: 0.28

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Cash-to-Debt Historical Data

The historical data trend for Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income 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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Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Cash-to-Debt Chart

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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0.19

0.41

0.06

0.37

0.08

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24
Cash-to-Debt	Get a 7-Day Free Trial									0.22	0.37	0.36	0.08	0.28

Competitive Comparison of Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Cash-to-Debt

For the Asset Management subindustry, Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income 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.

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Cash-to-Debt falls into.

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Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income 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.

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
	=	2.178	/	(0	+	27.55)
	=	0.08

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Cash to Debt Ratio for the quarter 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)
	=	7.605	/	(0	+	27.55)
	=	0.28

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund (NYSE:MFD) 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.

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund (NYSE:MFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187

Website

http://www.ftportfolios.com

Macquarie/First Trust Global Infrastructure/Utilities Dividend&Income Fund is a diversified, closed-end management company. Its objective is to seek a high level of current return consisting of dividends, interest, and other similar income while attempting to preserve capital. The fund seeks to achieve its objective by investing in the securities of companies involved in the management, ownership, and operation of infrastructure and utilities. It also invests in senior secured loans generally considered to be high-yield securities. The company portfolio of investments consists of the investment in the common stocks, master limited partnerships, and senior floating-rate loan interests.

Executives

Bronwyn Wright	director	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
William H Speacht	other: Investment Advisor	2005 MARKET ST, 34TH FL, PHILADELPHIA PA 19103
Thomas R Kadlec	director	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
M Keefe Denise	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kelly Catherine Dehler	other: Officer-Investment Advisor	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott Michael Friske	other: Officer-Investment Advisor	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Robert F Keith	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Fink William J Jr	other: Officer-Investment Sub-Advisor	125 WEST 55TH STREET, LEVEL 15, NEW YORK NY 10019
Shane Shannon	officer: Assistant Secretary	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
John H Kim	other: Officer-Investment Sub-Advisor	C/O ANJIE LAROCCA, DEUTSCHE BANK, 1251 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Jonathan S Ong	other: Officer-Investment Sub-Advisor	1 MARTIN PLACE, LEVEL 21, SYDNEY C3 2000
Donald Swade	officer: Assistant Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Katherine L Urevig	officer: Assistant Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Anthony Felton	other: Officer-Investment Sub-Advisor	1 MARTIN PLACE, LEVEL 21, SYDNEY C3 2000
Andrew Maple-brown	other: Officer-Investment Sub-Advisor	125 WEST 55TH STREET, LEVEL 15, NEW YORK NY 10019