Alliancebernstein Glb High Fund (Alliancebernstein Glb High Fund) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Alliancebernstein Glb High 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. Alliancebernstein Glb High Fund's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

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, Alliancebernstein Glb High Fund could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

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

AWF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.52 Max: No Debt
Current: 0.01

During the past 6 years, Alliancebernstein Glb High Fund's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.52.

AWF's Cash-to-Debt is ranked worse than
96.41% of 1477 companies
in the Asset Management industry
Industry Median: 5.39 vs AWF: 0.01

Alliancebernstein Glb High Fund Cash-to-Debt Historical Data

The historical data trend for Alliancebernstein Glb High 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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Alliancebernstein Glb High Fund Cash-to-Debt Chart

Alliancebernstein Glb High Fund Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.67

2.30

8.03

0.10

0.01

Alliancebernstein Glb High Fund Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial								0.78	0.10	-	0.01	No Debt

Competitive Comparison of Alliancebernstein Glb High Fund's Cash-to-Debt

For the Asset Management subindustry, Alliancebernstein Glb High 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.

Alliancebernstein Glb High Fund's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Alliancebernstein Glb High 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.

Alliancebernstein Glb High Fund's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	0.109	/	(0	+	8.262)
	=	0.01

Alliancebernstein Glb High Fund's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Alliancebernstein Glb High Fund had no debt ⁽¹⁾.

Alliancebernstein Glb High Fund (NYSE:AWF) 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.

Alliancebernstein Glb High Fund Cash-to-Debt Related Terms

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Alliancebernstein Glb High Fund (Alliancebernstein Glb High Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Alliancebernstein Glb High Inc Fund Inc (NYSE:AWF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1345 Avenue of the Americas, New York, NY, USA, 10105

Website

https://www.abfunds.com

Alliancebernstein Glb High Inc Fund Inc is a United States-based diversified, closed-end management investment company. Its primary investment objective is to seek high current income, and secondarily, capital appreciation. The fund invests in the debt securities, including Sovereign Debt Obligations and corporate debt, denominated in non-U.S. currencies as well as in the U.S. Dollar. It may invest without limit in emerging and developed markets and debt securities of U.S. and non-U.S. corporate issuers.

Executives

Gershon M Distenfeld	officer: Vice President	C/O ALLIANCE CAPITAL MANAGEMENT CORP., 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
William Walsh Smith	officer: VP & Portfolio Manager	501 COMMERCE STREET, NASHVILLE TN 37203
Fahd Malik	officer: VP & Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Christian Diclementi	officer: VP & Portfolio Manager	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Joan M Lammtennant	other: Director of Fund's Adviser	40 WANTAGE AVE, BRANCHVILLE NJ 07890
Todd Walthall	other: Director of Fund's Adviser	C/O ALLIANCEBERNSTEIN, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Seth P Bernstein	other: Pres, CEO & Dir, Fund's Advsr	C/O ALLIANCEBERNSTEIN HOLDING, L.P., 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Onur Erzan	director, officer: President & CEO	C/O ALLIANCE BERNSTEIN L.P., 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Jeanette W Loeb	director	895 PARK AVENUE, NEW YORK NY 10075
Ali Dibadj	other: CFO of Fund's Adviser	C/O JANUS HENDERSON GROUP, 151 DETROIT STREET, DENVER CO 80206
Karl Sprules	other: Head GTO of Fund's Adviser	C/O ALLIANCEBERNSTEIN, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Jorge A. Bermudez	director	CORPORATE LAW DEPT., CITIGROUP INC., 425 PARK AVENUE, NEW YORK NY 10043
Bertram L Scott	other: Director of Fund's Adviser	C/O BECTON DICKERSON & CO, 1 BECTON DR, FRANKLIN LAKES NJ 07417
Douglas J Peebles	officer: Portfolio Manager	C/O ALLIANCE CAPITAL MANAGEMENT COR, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Nella Domenici	other: Director of Fund's Adviser	C/O ALLIANCEBERNSTEIN, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105