GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » EV Floating-Rate Income Plus Fund (NYSE:EFF) » Definitions » Cash-to-Debt

EV Floating-Rateome Plus Fund (EV Floating-Rateome Plus Fund) Cash-to-Debt : 0.02 (As of Nov. 2020)


View and export this data going back to 2013. Start your Free Trial

What is EV Floating-Rateome Plus 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. EV Floating-Rateome Plus Fund's cash to debt ratio for the quarter that ended in Nov. 2020 was 0.02.

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, EV Floating-Rateome Plus Fund couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2020.

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

EFF's Cash-to-Debt is not ranked *
in the Asset Management industry.
Industry Median: 5.53
* Ranked among companies with meaningful Cash-to-Debt only.

EV Floating-Rateome Plus Fund Cash-to-Debt Historical Data

The historical data trend for EV Floating-Rateome Plus 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.

* Premium members only.

EV Floating-Rateome Plus Fund Cash-to-Debt Chart

EV Floating-Rateome Plus Fund Annual Data
Trend May18 May19 May20
Cash-to-Debt
0.04 0.04 0.03

EV Floating-Rateome Plus Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20
Cash-to-Debt Get a 7-Day Free Trial 0.03 0.04 0.03 0.03 0.02

Competitive Comparison of EV Floating-Rateome Plus Fund's Cash-to-Debt

For the Asset Management subindustry, EV Floating-Rateome Plus 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.

EV Floating-Rateome Plus Fund's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where EV Floating-Rateome Plus Fund's Cash-to-Debt falls into.


EV Floating-Rateome Plus 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.

EV Floating-Rateome Plus Fund's Cash to Debt Ratio for the fiscal year that ended in May. 2020 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)
=0.989 / (0 + 38.5)
=0.03

EV Floating-Rateome Plus Fund's Cash to Debt Ratio for the quarter that ended in Nov. 2020 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)
=0.819 / (0 + 49)
=0.02

* 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.

EV Floating-Rateome Plus Fund  (NYSE:EFF) 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.

EV Floating-Rateome Plus Fund Cash-to-Debt Related Terms

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

EV Floating-Rateome Plus Fund (EV Floating-Rateome Plus Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » EV Floating-Rate Income Plus Fund (NYSE:EFF) » Definitions » Cash-to-Debt
Comparable Companies
BOM:503681 BOM:526251 BOM:532164 BOM:511185 BOM:512064 BOM:540386 WAR:VCP TSXV:PPK WAR:PMF WAR:WBY TSXV:FSC.H BOM:511507 BOM:512020 BOM:530055 XKRX:276920 WAR:TLH BOM:531067 TSXV:ESS ASX:BSN BOM:538351
Traded in Other Exchanges
N/A
Address
Two International Place, Boston, MA, USA, 02110
Website
https://www.eatonvance.com
EV Floating-Rate Income Plus Fund is a diversified, closed-end management investment company. The Fund's investment objective is total return, with an emphasis on income. Its portfolio of investments includes aerospace and defense, automotive, chemicals and plastics, electrical, utilities, food products, healthcare, insurance and others.
Executives
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
David C Basile other: Trustee TWO INTERNATIONAL PLACE BOSTON MA 02110
Peter F Borish other: Trustee C/O CBOT HOLDINGS, INC. 141 WEST JACKSON BOULEVARD CHICAGO IL 60604
Charles I Clarvit other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Faust Thomas E Jr other: Trustee 255 STATE STREET, BOSTON MA 02109
Scott E Wennerholm other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Cynthia Frost other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02148
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Scott H Page officer: President 255 STATE STREET, BOSTON MA 02109
Kathleen Gaffney other: Portfolio Manager TWO INTERNATIONAL PLACE BOSTON MA 02110
William E Holt other: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110
Daniel Mcelaney other: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110
Andrew Sveen other: Portfolio Manager 255 STATE STREET, BOSTON MA 02109
Catherine Mcdermott other: Portfolio Manager 255 STATE STREET, BOSTON MA 02109
Harriett Tee Taggart other: Trustee 29400 LAKELAND BOULEVARD, WICKLIFFE OH 44092