First Trust Specialty Fnc & Fncl Oppor (First Trust Specialty Fnc & Fncl Oppor) Cash-to-Debt

: 0.45 (As of Nov. 2023)

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

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. First Trust Specialty Fnc & Fncl Oppor's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.45.

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, First Trust Specialty Fnc & Fncl Oppor couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

The historical rank and industry rank for First Trust Specialty Fnc & Fncl Oppor's Cash-to-Debt or its related term are showing as below:

FGB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.14 Max: 0.45
Current: 0.45

During the past 7 years, First Trust Specialty Fnc & Fncl Oppor's highest Cash to Debt Ratio was 0.45. The lowest was 0.01. And the median was 0.14.

FGB's Cash-to-Debt is ranked worse than
67.05% of 1475 companies
in the Asset Management industry
Industry Median: 5.39 vs FGB: 0.45

First Trust Specialty Fnc & Fncl Oppor Cash-to-Debt Historical Data

The historical data trend for First Trust Specialty Fnc & Fncl Oppor'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.

First Trust Specialty Fnc & Fncl Oppor Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

Get a 7-Day Free Trial

0.01

0.22

0.17

0.14

0.45

First Trust Specialty Fnc & Fncl Oppor Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial								0.17	0.07	0.14	0.19	0.45

Competitive Comparison

For the Asset Management subindustry, First Trust Specialty Fnc & Fncl Oppor'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.

First Trust Specialty Fnc & Fncl Oppor Cash-to-Debt Distribution

For the Asset Management industry and Financial Services sector, First Trust Specialty Fnc & Fncl Oppor's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where First Trust Specialty Fnc & Fncl Oppor's Cash-to-Debt falls into.

First Trust Specialty Fnc & Fncl Oppor 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.

First Trust Specialty Fnc & Fncl Oppor's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
	=	3.858	/	(0	+	8.6)
	=	0.45

First Trust Specialty Fnc & Fncl Oppor's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	3.858	/	(0	+	8.6)
	=	0.45

First Trust Specialty Fnc & Fncl Oppor (NYSE:FGB) 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.

First Trust Specialty Fnc & Fncl Oppor Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of First Trust Specialty Fnc & Fncl Oppor's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

First Trust Specialty Fnc & Fncl Oppor (First Trust Specialty Fnc & Fncl Oppor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Trust Specialty Fnc & Fncl Oppor (NYSE:FGB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187

Website

https://www.ftportfolios.com

First Trust Specialty Fnc & Fncl Oppor is a United States-based closed-end management investment company. The Fund's primary investment objective is to seek a high level of current income. It seeks a positive total return as a secondary objective. The Fund seeks to achieve its investment objectives by investing at least 80% of its Managed Assets in a portfolio of securities of specialty finance and other financial companies.

Executives

Bronwyn Wright	director	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Thomas R Kadlec	director	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
M Keefe Denise	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kelly Catherine Dehler	other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott Michael Friske	other: Officer - Investment Advisor	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Steven Patrick Farmer	other: Officer-Invest. Sub-Advisor	50 S. LASALLE STREET, CHICAGO IL 60603
Anne Kochevar	other: Officer - Invest. Sub-Advisor
Shane Shannon	officer: Assistant Secretary	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Donald Swade	officer: Assistant Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Katherine L Urevig	officer: Assistant Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Rosanne Gatta	officer: Assistant Secretary	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY STREET, SUITE 400, WHEATON IL 60187
Erin E Klassman	officer: Assistant Secretary	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, WHEATON IL 60187
Joseph J Hanzlik	other: Officer-Investment Sub-Adviser	CONFLUENCE INVESTMENT MANAGEMENT LLC, 349 MARSHALL AVENUE, SUITE 302, ST. LOUIS MO 63119
Patricia A Dahl	other: Officer-Investment Sub-Adviser	CONFLUENCE INVESTMENT MANAGEMENT LLC, 349 MARSHALL AVENUE, SUITE 302, ST. LOUIS MO 63119
Confluence Investment Management Llc	other: Investment Sub-Adviser	20 ALLEN AVENUE, SUITE 300, ST. LOUIS MO 63119