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Western Asset Diversifiedome Fund (Western Asset Diversifiedome Fund) Cash-to-Debt : 0.02 (As of Dec. 2023)


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What is Western Asset Diversifiedome 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. Western Asset Diversifiedome Fund's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.02.

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, Western Asset Diversifiedome Fund couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Western Asset Diversifiedome Fund's Cash-to-Debt or its related term are showing as below:

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

During the past 3 years, Western Asset Diversifiedome Fund's highest Cash to Debt Ratio was 0.02. The lowest was 0.01. And the median was 0.02.

WDI's Cash-to-Debt is ranked worse than
94.63% of 1470 companies
in the Asset Management industry
Industry Median: 5.845 vs WDI: 0.02

Western Asset Diversifiedome Fund Cash-to-Debt Historical Data

The historical data trend for Western Asset Diversifiedome 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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Western Asset Diversifiedome Fund Cash-to-Debt Chart

Western Asset Diversifiedome Fund Annual Data
Trend Dec21 Dec22 Dec23
Cash-to-Debt
0.01 0.02 0.02

Western Asset Diversifiedome Fund Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Cash-to-Debt 0.01 0.01 0.02 0.02 0.02

Competitive Comparison of Western Asset Diversifiedome Fund's Cash-to-Debt

For the Asset Management subindustry, Western Asset Diversifiedome 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.

Western Asset Diversifiedome Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Western Asset Diversifiedome Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Western Asset Diversifiedome Fund's Cash-to-Debt falls into.


Western Asset Diversifiedome 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.

Western Asset Diversifiedome Fund's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
=6.934 / (0 + 358)
=0.02

Western Asset Diversifiedome Fund's Cash to Debt Ratio for the quarter that ended in Dec. 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)
=6.934 / (0 + 358)
=0.02

* 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.

Western Asset Diversifiedome Fund  (NYSE:WDI) 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.

Western Asset Diversifiedome Fund Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Western Asset Diversifiedome Fund's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Western Asset Diversifiedome Fund (Western Asset Diversifiedome Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Western Asset Diversified Income Fund (NYSE:WDI) » Definitions » Cash-to-Debt
Comparable Companies
BSIG THQ JPC PHK MYI EIM JQC NXP RA FFC BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
620 Eighth Avenue, 47th Floor, New York, NY, USA, 10018
Website
https://www.westernasset.com
Western Asset Diversified Income Fund is a newly-organized, diversified, closed-end management investment company. The fund's primary investment objective is to seek high current income.
Executives
Daniel P Cronin director 235 EAST 42ND ST, NEW YORK NY 10017
Oliveira Marc De officer: Secretary/Chief Legal Officer C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Hoffmann Courtney A. other: Secretary/GC Subadviser WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Robert D Agdern director C/O LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Andrew J. Bowden other: COO/Subadviser WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Ruys De Perez Charles Antony other: Secretary/GC Subadviser WESTERN ASSET MANAGEMENT COMPANY, 385 E. COLORADO BLVD., PASADENA CA 91101
Franklin Resources Inc other: Parent of Inv Mgr/Subadvisers FRANKLIN RESOURCES INC, ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Legg Mason Partners Fund Advisor, Llc other: Investment Manager 399 PARK AVENUE, NEW YORK NY 10022
Ted P Becker other: CCO Investment Manager 399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Jeanne Kelly officer: SVP, other: SVP/Investment Mgr 300 FIRST STAMFORD PLACE, 4TH FLOOR, STAMFORD CT 06902
Thomas C Mandia other: Secretary Inv Mgr 300 FIRST STAMFORD PLACE, CITIGROUP ASSET MANAGEMENT, STAMFORD CT 06902
S. Kenneth Leech other: Portfolio Manager 385 EAST COLORADO BLVD, PASADENA CA 91101
Hirschmann James W Iii other: CEO/Pres. Subadviser
Western Asset Management Company, Llc other: Subadviser 385 E. COLORADO BLVD., PASADENA CA 91101
Carol L Colman director 278 HAWLEY RD, NORTH SALEM NY 10560