Eagle Point Credit Co (Eagle Point Credit Co) Cash-to-Debt : 0.29 (As of Dec. 2023)

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What is Eagle Point Credit Co 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. Eagle Point Credit Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.29.

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, Eagle Point Credit Co 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 Eagle Point Credit Co's Cash-to-Debt or its related term are showing as below:

ECCA.CL.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.16 Max: 0.38
Current: 0.29

During the past 7 years, Eagle Point Credit Co's highest Cash to Debt Ratio was 0.38. The lowest was 0.02. And the median was 0.16.

ECCA.CL.PFD's Cash-to-Debt is ranked worse than
72.81% of 1475 companies
in the Asset Management industry
Industry Median: 5.5 vs ECCA.CL.PFD: 0.29

Eagle Point Credit Co Cash-to-Debt Historical Data

The historical data trend for Eagle Point Credit Co'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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Eagle Point Credit Co Cash-to-Debt Chart

Eagle Point Credit Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.33

0.05

0.10

0.38

0.29

Eagle Point Credit Co Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								0.10	0.09	0.38	0.27	0.29

Competitive Comparison of Eagle Point Credit Co's Cash-to-Debt

For the Asset Management subindustry, Eagle Point Credit Co'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.

Eagle Point Credit Co's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eagle Point Credit Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Eagle Point Credit Co's Cash-to-Debt falls into.

Eagle Point Credit Co 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.

Eagle Point Credit Co'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)
	=	46.445	/	(0	+	157.714)
	=	0.29

Eagle Point Credit Co'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)
	=	46.445	/	(0	+	157.714)
	=	0.29

Eagle Point Credit Co (NYSE:ECCA.CL.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.

Eagle Point Credit Co Cash-to-Debt Related Terms

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

Eagle Point Credit Co (Eagle Point Credit Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eagle Point Credit Co Inc (NYSE:ECCA.CL.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ECC:USA

Address

600 Steamboat Road, Suite 202, Greenwich, CT, USA, 06830

Website

http://www.eaglepointcreditcompany.com

Eagle Point Credit Co Inc is an externally managed, non-diversified closed-end management investment company.

Executives

Scott Johnathan Bronner	other: Affiliate of Adviser	C/O STONE POINT CAPITAL, 20 HORSENECK LANE, GREENWICH CT 06830
Graham C Goldsmith	other: Affiliate of Adviser	20 HORSENECK LANE, GREENWICH CT 06830
Thomas P. Majewski	director, officer: Chief Executive Officer, other: Portfolio Manager	600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Kevin F. Mcdonald	director	600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Scott W. Appleby	director	600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Nauman S. Malik	officer: CCO	600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Kenneth P. Onorio	officer: CFO/COO	600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Paul E. Tramontano	director	600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Daniel M. Spinner	other: Principal & Portfolio Manager	600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Oa Eagle Group Investors, Llc	other: See Remarks below	126 OTTAWA AVENUE NW, STE 500, GRAND RAPIDS MI 49503
Trident Capital V, L.p.	10 percent owner	20 HORSENECK LANE, GREENWICH CT 06830
Trident Capital V-pf, L.p.	10 percent owner	20 HORSENECK LANE, GREENWICH CT 06830
Eagle Point Credit Management Llc	other: Investment Adviser	600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Rdv Corp	other: See Remarks below	126 OTTAWA AVENUE, NW, SUITE 500, GRAND RAPIDS MI 49503
Jerry L Tubergen	other: See Remarks below