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GDL Fund (NYSE:GDLPRB.PFD) Cash-to-Debt

: No Debt (As of Jun. 2022)
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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. GDL Fund's cash to debt ratio for the quarter that ended in Jun. 2022 was No Debt.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, GDL Fund could pay off its debt using the cash in hand for the quarter that ended in Jun. 2022.

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

GDLPRB.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09   Med: No Debt   Max: No Debt
Current: No Debt

During the past 5 years, GDL Fund's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was No Debt.

GDLPRB.PFD's Cash-to-Debt is ranked better than
99.79% of 1463 companies
in the Asset Management industry
Industry Median: 15.95 vs GDLPRB.PFD: No Debt

GDL Fund (NYSE:GDLPRB.PFD) Cash-to-Debt Historical Data

The historical data trend for GDL 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.

* Premium members only.

GDL Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21
Cash-to-Debt 0.09 1,789.89 11.61 N/A No Debt

GDL Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt N/A No Debt No Debt No Debt

GDL Fund (NYSE:GDLPRB.PFD) Cash-to-Debt Competitive Comparison

For the Asset Management subindustry, GDL 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.

   

GDL Fund (NYSE:GDLPRB.PFD) Cash-to-Debt Distribution

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

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



GDL 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.

GDL Fund's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

GDL Fund had no debt.

GDL Fund's Cash to Debt Ratio for the quarter that ended in Jun. 2022 is calculated as:

GDL Fund had no debt.

* 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.


GDL Fund  (NYSE:GDLPRB.PFD) 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.


GDL Fund Cash-to-Debt Related Terms

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


GDL Fund (NYSE:GDLPRB.PFD) Business Description

GDL Fund logo
Traded in Other Exchanges
Address
One Corporate Center, Rye, NY, USA, 10580-1422
GDL Fund is a diversified closed-end management investment company. Its primary investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. The fund seeks to achieve its objective by investing primarily in merger arbitrage transactions and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs, and liquidations.
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