GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PGIM Short Duration High Yield Opportunities (NYSE:SDHY) » Definitions » Cash-to-Debt

SDHY (PGIM Short Duration High Yield Opportunities) Cash-to-Debt : 0.00 (As of Jul. 2024)


View and export this data going back to 1990. Start your Free Trial

What is PGIM Short Duration High Yield Opportunities 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. PGIM Short Duration High Yield Opportunities's cash to debt ratio for the quarter that ended in Jul. 2024 was 0.00.

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, PGIM Short Duration High Yield Opportunities couldn't pay off its debt using the cash in hand for the quarter that ended in Jul. 2024.

The historical rank and industry rank for PGIM Short Duration High Yield Opportunities's Cash-to-Debt or its related term are showing as below:

During the past 4 years, PGIM Short Duration High Yield Opportunities's highest Cash to Debt Ratio was 0.02. The lowest was 0.00. And the median was 0.01.

SDHY's Cash-to-Debt is not ranked *
in the Asset Management industry.
Industry Median: 5.005
* Ranked among companies with meaningful Cash-to-Debt only.

PGIM Short Duration High Yield Opportunities Cash-to-Debt Historical Data

The historical data trend for PGIM Short Duration High Yield Opportunities'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.

PGIM Short Duration High Yield Opportunities Cash-to-Debt Chart

PGIM Short Duration High Yield Opportunities Annual Data
Trend Jul21 Jul22 Jul23 Jul24
Cash-to-Debt
- 0.01 0.02 -

PGIM Short Duration High Yield Opportunities Semi-Annual Data
Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24
Cash-to-Debt Get a 7-Day Free Trial 0.01 0.06 0.02 - -

Competitive Comparison of PGIM Short Duration High Yield Opportunities's Cash-to-Debt

For the Asset Management subindustry, PGIM Short Duration High Yield Opportunities'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.

PGIM Short Duration High Yield Opportunities's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, PGIM Short Duration High Yield Opportunities's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where PGIM Short Duration High Yield Opportunities's Cash-to-Debt falls into.


PGIM Short Duration High Yield Opportunities 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.

PGIM Short Duration High Yield Opportunities's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
=0.267 / (0 + 125)
=0.00

PGIM Short Duration High Yield Opportunities's Cash to Debt Ratio for the quarter that ended in Jul. 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)
=0.267 / (0 + 125)
=0.00

* 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.

PGIM Short Duration High Yield Opportunities  (NYSE:SDHY) 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.

PGIM Short Duration High Yield Opportunities Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of PGIM Short Duration High Yield Opportunities's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

PGIM Short Duration High Yield Opportunities Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PGIM Short Duration High Yield Opportunities (NYSE:SDHY) » Definitions » Cash-to-Debt
Comparable Companies
GUT FFA GBAB EAD SCM FRMO DHIL VKI DFP HIX BLK BX KKR TSX:BAM OSTO:INVE A TSX:BN APO AMP LSE:III XSWX:PGHN
Traded in Other Exchanges
N/A
Address
655 Broad Street, 6th Floor, Newark, NJ, USA, 07102
Website
https://www.pgim.com
PGIM Short Duration High Yield Opportunities is a closed-end management investment company. The fund's investment objective is to provide total return, through a combination of current income and capital appreciation. Its seeks to achieve its objective by investing in a diversified portfolio of high yield fixed income instruments.
Executives
Robert Cignarella other: Portfolio Manager 100 MULBERRY STREET, NEWARK NJ 07102
Barry H Evans director C/O PGIM INVESTMENTS, 655 BROAD STREET, NEWARK NJ 07102
Andrew Donohue officer: Chief Compliance Officer 655 BROAD STREET, NEWARK NJ 07102
Brian J Lalli other: Portfolio Manager 655 BROAD STREET, NEWARK NJ 07102
Robert Mccormack officer: Assistant Treasurer 655 BROAD ST., NEWARK NJ 07102
Michael Lillard other: Head of PGIM Fixed Income/CIO 655 BROAD STREET, NEWARK NJ 07102
Isabelle Sajous officer: Chief Compliance Officer 655 BROAD ST., NEWARK NJ 07102
Michael Joseph Gormally other: Portfolio Manager 655 BROAD STREET, NEWARK NJ 07102
Daniel T Thorogood other: Portfolio Manager PGIM, INC., 655 BROAD STREET, NEWARK NJ 07102
Gregory J Peters other: Co-Chief Investment Officer 655 BROAD STREET, NEWARK NJ 07102
Craig C Dewling other: Co-Chief Investment Officer 655 BROAD STREET, NEWARK NJ 07102
Debra Rubano officer: Assistant Secretary 655 BROAD STREET, PRUDENTIAL TOWER SOUTH, NEWARK NJ 07102
Brian Clapp other: Portfolio Manager 100 MULBERRY STREET, NEWARK NJ 07102
Richard Greenwood other: Investment Professional 2 GATEWAY CENTER, NEWARK NJ 07102
Robert Spano other: Portfolio Manager 2 GATEWAY CENTER, NEWARK NJ 07102