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RiverNorth/DoubleLine Strategic Opportunity Fund (RiverNorth/DoubleLine Strategic Opportunity Fund) Cash-to-Debt : No Debt (1) (As of Dec. 2023)


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What is RiverNorth/DoubleLine Strategic 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. RiverNorth/DoubleLine Strategic Opportunity Fund'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, RiverNorth/DoubleLine Strategic Opportunity Fund 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 RiverNorth/DoubleLine Strategic Opportunity Fund's Cash-to-Debt or its related term are showing as below:

OPP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0   Med: 0.6   Max: No Debt
Current: No Debt

During the past 6 years, RiverNorth/DoubleLine Strategic Opportunity Fund's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.60.

OPP's Cash-to-Debt is ranked better than
99.93% of 1476 companies
in the Asset Management industry
Industry Median: 5.445 vs OPP: No Debt

RiverNorth/DoubleLine Strategic Opportunity Fund Cash-to-Debt Historical Data

The historical data trend for RiverNorth/DoubleLine Strategic 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.

RiverNorth/DoubleLine Strategic Opportunity Fund Cash-to-Debt Chart

RiverNorth/DoubleLine Strategic Opportunity Fund Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cash-to-Debt
Get a 7-Day Free Trial - - 0.10 1.10 No Debt

RiverNorth/DoubleLine Strategic Opportunity Fund 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 - 1.10 N/A No Debt No Debt

Competitive Comparison of RiverNorth/DoubleLine Strategic Opportunity Fund's Cash-to-Debt

For the Asset Management subindustry, RiverNorth/DoubleLine Strategic 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.

RiverNorth/DoubleLine Strategic Opportunity Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RiverNorth/DoubleLine Strategic Opportunity Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where RiverNorth/DoubleLine Strategic Opportunity Fund's Cash-to-Debt falls into.


RiverNorth/DoubleLine Strategic 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.

RiverNorth/DoubleLine Strategic Opportunity Fund's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

RiverNorth/DoubleLine Strategic Opportunity Fund had no debt (1).

RiverNorth/DoubleLine Strategic Opportunity Fund's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

RiverNorth/DoubleLine Strategic 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.

RiverNorth/DoubleLine Strategic Opportunity Fund  (NYSE:OPP) 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.

RiverNorth/DoubleLine Strategic Opportunity Fund Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of RiverNorth/DoubleLine Strategic Opportunity Fund's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

RiverNorth/DoubleLine Strategic Opportunity Fund (RiverNorth/DoubleLine Strategic Opportunity Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RiverNorth/DoubleLine Strategic Opportunity Fund Inc (NYSE:OPP) » Definitions » Cash-to-Debt
Comparable Companies
GDO EMF BKN LGI NBH VTN JRS DMB IHIT IGI BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
360 S. Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401
Website
https://www.rivernorth.com
RiverNorth/DoubleLine Strategic Opportunity Fund Inc is a closed-end management investment company. The company's investment objective is to seek current income and overall total return.
Executives
Lisa Bruckert Mougin director C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
David Swanson director 325 N. LASALLE ST., SUITE 645, CHICAGO IL 60654
Stephen Andrew O'neill other: Portfolio Manager 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
John S. Oakes director 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Brian H Schmucker other: OFFICER OF THE INVT ADVISER 325 NORTH LASALLE STREET, SUITE 645, CHICAGO IL 60654
Patrick W. Galley director, officer: President 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Jerry Raio director 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
John Wayne Hutchens director 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Youse Guia other: Exec Comm Mbr: OPP Subadviser C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Leticia A. Acosta other: Exec Comm Mbr: OPP Subadviser 333 SOUTH GRAND AVENUE, SUITE 1800, LOS ANGELES CA 90071
Rivernorth Marketplace Lending Corp other: Investment Adviser 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Fred G Steingraber director 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Marcus L Collins officer: CCO and Secretary 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Jonathan M. Mohrhardt officer: CFO and Treasurer 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
John K Carter director 433 W. VAN BUREN STREET, SUITE 1150-E, CHICAGO IL 60607