Eaton Vance Floating-Rate 2022 Target Term Trust (Eaton Vance Floating-Rate 2022 Target Term Trust) Cash-to-Debt : 0.02 (As of Jun. 2022)

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What is Eaton Vance Floating-Rate 2022 Target Term Trust 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. Eaton Vance Floating-Rate 2022 Target Term Trust's cash to debt ratio for the quarter that ended in Jun. 2022 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, Eaton Vance Floating-Rate 2022 Target Term Trust couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2022.

The historical rank and industry rank for Eaton Vance Floating-Rate 2022 Target Term Trust's Cash-to-Debt or its related term are showing as below:

EFL's Cash-to-Debt is not ranked ^*
in the Asset Management industry.
Industry Median: 5.5
* Ranked among companies with meaningful Cash-to-Debt only.

Eaton Vance Floating-Rate 2022 Target Term Trust Cash-to-Debt Historical Data

The historical data trend for Eaton Vance Floating-Rate 2022 Target Term Trust'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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Eaton Vance Floating-Rate 2022 Target Term Trust Cash-to-Debt Chart

Eaton Vance Floating-Rate 2022 Target Term Trust Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Cash-to-Debt

0.03

0.04

0.02

Eaton Vance Floating-Rate 2022 Target Term Trust Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Cash-to-Debt	Get a 7-Day Free Trial					0.04	0.05	0.04	0.03	0.02

Competitive Comparison of Eaton Vance Floating-Rate 2022 Target Term Trust's Cash-to-Debt

For the Asset Management subindustry, Eaton Vance Floating-Rate 2022 Target Term Trust'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.

Eaton Vance Floating-Rate 2022 Target Term Trust's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eaton Vance Floating-Rate 2022 Target Term Trust's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Eaton Vance Floating-Rate 2022 Target Term Trust's Cash-to-Debt falls into.

Eaton Vance Floating-Rate 2022 Target Term Trust 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.

Eaton Vance Floating-Rate 2022 Target Term Trust's Cash to Debt Ratio for the fiscal year that ended in Jun. 2022 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)
	=	1.219	/	(0	+	54)
	=	0.02

Eaton Vance Floating-Rate 2022 Target Term Trust's Cash to Debt Ratio for the quarter that ended in Jun. 2022 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)
	=	1.219	/	(0	+	54)
	=	0.02

Eaton Vance Floating-Rate 2022 Target Term Trust (NYSE:EFL) 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.

Eaton Vance Floating-Rate 2022 Target Term Trust Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Eaton Vance Floating-Rate 2022 Target Term Trust's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Eaton Vance Floating-Rate 2022 Target Term Trust (Eaton Vance Floating-Rate 2022 Target Term Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance Floating-Rate 2022 Target Term Trust (NYSE:EFL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Two International Place, Boston, MA, USA, 02110

Website

https://www.eatonvance.com

Eaton Vance Floating-Rate 2022 Target Term Trust is a diversified, closed-end management investment company. The fund's investment objectives are to provide a high level of income to holders of common shares. It invests in various sectors such as Health Care, Lodging and Casinos, Chemicals and Plastics, Business Equipment and Services, Industrial Equipment, Telecommunications, Oil and Gas, Drugs and others.

Executives

Nancy A Wiser	other: Trustee	WELLS FARGO FUNDS MANAGEMENT, 200 BERKELEY STREET, 19TH FLOOR, BOSTON MA 02116
Jill Damon	officer: Secretary	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Kimberly M Roessiger	officer: Secretary	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Deidre E Walsh	officer: Vice President	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Eric Stein	officer: President	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
Marcus L. Smith	other: Trustee	555 17TH STREET, SUITE 3700, DCT INDUSTRIAL TRUST INC., DENVER CO 80202
Keith Quinton	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Faust Thomas E Jr	director	255 STATE STREET, BOSTON MA 02109
Scott H Page	officer: Officer	255 STATE STREET, BOSTON MA 02109
Froio Richard F Sr	officer: Chief Compliance Officer	C/O BISYS FUND SERVICES, 60 STATE ST., BOSTON MA 02129
Payson F Swaffield	officer: Chief Income Investment Office	255 STATE STREET, BOSTON MA 02109

Eaton Vance Floating-Rate 2022 Target Term Trust (Eaton Vance Floating-Rate 2022 Target Term Trust) Headlines

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