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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. NXG Cushing Midstream Energy Fund's cash to debt ratio for the quarter that ended in Nov. 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, NXG Cushing Midstream Energy Fund couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2024.
The historical rank and industry rank for NXG Cushing Midstream Energy Fund's Cash-to-Debt or its related term are showing as below:
The historical data trend for NXG Cushing Midstream Energy 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.
NXG Cushing Midstream Energy Fund Annual Data | |||||||||||||||||
Trend | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | Nov24 | |||||||||
Cash-to-Debt | Get a 7-Day Free Trial | - | - | - | - | - |
NXG Cushing Midstream Energy Fund Semi-Annual Data | |||||||||||||||
Nov17 | May18 | Nov18 | May19 | Nov19 | May20 | Nov20 | May21 | Nov21 | May22 | Nov22 | May23 | Nov23 | May24 | Nov24 | |
Cash-to-Debt | Get a 7-Day Free Trial |
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For the Asset Management subindustry, NXG Cushing Midstream Energy 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.
For the Asset Management industry and Financial Services sector, NXG Cushing Midstream Energy Fund's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where NXG Cushing Midstream Energy Fund's Cash-to-Debt falls into.
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.
NXG Cushing Midstream Energy Fund's Cash to Debt Ratio for the fiscal year that ended in Nov. 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 | / | (0 | + | 48.315) | |
= | 0.00 |
NXG Cushing Midstream Energy Fund's Cash to Debt Ratio for the quarter that ended in Nov. 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 | / | (0 | + | 48.315) | |
= | 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.
NXG Cushing Midstream Energy Fund (NYSE:SRV) 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.
Thank you for viewing the detailed overview of NXG Cushing Midstream Energy Fund's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
Jerry V Swank | officer: President and CEO | 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219 |
John Alban | officer: CFO/Treasurer and Interim CCO | THE CUSHING MLP TOTAL RETURN FUND, 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219 |
Todd Sunderland | other: Adviser COO | 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201 |
John M. Musgrave | other: Portfolio Manager | 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225 |
Andrea Mullins | director | 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305 |
Jeffrey A Engelsman | officer: Chief Compliance Officer | 865 SOUTH FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017 |
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Mark Rhodes | officer: President | 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201 |
Blake Nelson | officer: Chief Financial Officer | 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225 |
Brian R Bruce | director | 5945 GLENDOWER LANE, PLANO TX 75093 |
Boaz Weinstein | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Mathew Calabro | officer: Chief Compliance Officer | 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225 |
Saket Kumar | other: Adviser Managing Partner | 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201 |
Brenda A Cline | other: Trustee | 5101 TENNYSON PARKWAY, PLANO TX 75024 |
Daniel L Spears | other: Partner | C/O EMERALD OIL, INC., 200 COLUMBINE, SUITE 500, DENVER CO 80206 |
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