Eaton Vance California Municipal Bond Fund II (Eaton Vance California Municipal Bond Fund II) Cash-to-Debt : 0.08 (As of Sep. 2018)

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What is Eaton Vance California Municipal Bond Fund II 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. Eaton Vance California Municipal Bond Fund II's cash to debt ratio for the quarter that ended in Sep. 2018 was 0.08.

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, Eaton Vance California Municipal Bond Fund II couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2018.

The historical rank and industry rank for Eaton Vance California Municipal Bond Fund II's Cash-to-Debt or its related term are showing as below:

EIA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.12 Max: 0.23
Current: 0.02

During the past 9 years, Eaton Vance California Municipal Bond Fund II's highest Cash to Debt Ratio was 0.23. The lowest was 0.00. And the median was 0.12.

EIA's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 5.66 vs EIA: 0.02

Eaton Vance California Municipal Bond Fund II Cash-to-Debt Historical Data

The historical data trend for Eaton Vance California Municipal Bond Fund II'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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Eaton Vance California Municipal Bond Fund II Cash-to-Debt Chart

Eaton Vance California Municipal Bond Fund II Annual Data

Trend

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Cash-to-Debt

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0.01

0.20

0.08

Eaton Vance California Municipal Bond Fund II Semi-Annual Data
	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18
Cash-to-Debt	Get a 7-Day Free Trial												-	0.02	-	-	0.08

Competitive Comparison of Eaton Vance California Municipal Bond Fund II's Cash-to-Debt

For the Asset Management subindustry, Eaton Vance California Municipal Bond Fund II'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.

Eaton Vance California Municipal Bond Fund II's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eaton Vance California Municipal Bond Fund II's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Eaton Vance California Municipal Bond Fund II's Cash-to-Debt falls into.

Eaton Vance California Municipal Bond Fund II 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.

Eaton Vance California Municipal Bond Fund II's Cash to Debt Ratio for the fiscal year that ended in Sep. 2018 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)
	=	4.516	/	(0	+	59.147)
	=	0.08

Eaton Vance California Municipal Bond Fund II's Cash to Debt Ratio for the quarter that ended in Sep. 2018 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)
	=	4.516	/	(0	+	59.147)
	=	0.08

Eaton Vance California Municipal Bond Fund II (AMEX:EIA) 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.

Eaton Vance California Municipal Bond Fund II Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Eaton Vance California Municipal Bond Fund II's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Eaton Vance California Municipal Bond Fund II (Eaton Vance California Municipal Bond Fund II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance California Municipal Bond Fund II (AMEX:EIA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

https://www.eatonvance.com

Eaton Vance California Municipal Bond Fund II is a closed-end investment company. Its objective is to provide current income exempt from regular federal income tax, including alternative minimum tax and in state-specific funds, tax in its specified state.

Executives

Marcus L. Smith	other: Trustee	555 17TH STREET, SUITE 3700, DCT INDUSTRIAL TRUST INC., DENVER CO 80202
Keith Quinton	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Froio Richard F Sr	officer: Chief Compliance Officer	C/O BISYS FUND SERVICES, 60 STATE ST., BOSTON MA 02129
Mark R Fetting	other: Trustee	LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Scott E Wennerholm	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Laurie G Hylton	officer: Chief Financial Officer	255 STATE STREET, BOSTON MA 02109
Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Blue Ridge Investments, L.l.c.	10 percent owner	ONE BRYANT PARK, NEW YORK NY 10036
Group Ag Ubs	other: Former 10% Owner	BAHNHOFSTRASSE 45, ZURICH V8 CH-8001
Susan J Sutherland	other: Trustee	MONTPELIER HOUSE, 94 PITTS BAY ROAD, HAMILTON D0 HM 08
George J. Gorman	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Cynthia Frost	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02148
Lynn A Stout	director	C/O EATON VANCE, THE EATON VANCE BLDG., 255 STATE ST., BOSTON MA 02109
Valerie Mosley	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
James F Kirchner	officer: Treasurer	TWO INTERNATIONAL PLACE, BOSTON MA 02110

Eaton Vance California Municipal Bond Fund II (Eaton Vance California Municipal Bond Fund II) Headlines

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