Goldmanchs MLP and Energy Renaissance Fund (Goldmanchs MLP and Energy Renaissance Fund) Cash-to-Debt : 0.05 (As of Nov. 2022)

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What is Goldmanchs MLP and Energy Renaissance 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. Goldmanchs MLP and Energy Renaissance Fund's cash to debt ratio for the quarter that ended in Nov. 2022 was 0.05.

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, Goldmanchs MLP and Energy Renaissance Fund couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2022.

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

GER'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.

Goldmanchs MLP and Energy Renaissance Fund Cash-to-Debt Historical Data

The historical data trend for Goldmanchs MLP and Energy Renaissance 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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Goldmanchs MLP and Energy Renaissance Fund Cash-to-Debt Chart

Goldmanchs MLP and Energy Renaissance Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Cash-to-Debt

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0.02

N/A

0.05

Goldmanchs MLP and Energy Renaissance Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22
Cash-to-Debt	Get a 7-Day Free Trial						N/A	0.07	0.05	0.04	0.05

Competitive Comparison of Goldmanchs MLP and Energy Renaissance Fund's Cash-to-Debt

For the Asset Management subindustry, Goldmanchs MLP and Energy Renaissance 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.

Goldmanchs MLP and Energy Renaissance Fund's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Goldmanchs MLP and Energy Renaissance Fund's Cash-to-Debt falls into.

Goldmanchs MLP and Energy Renaissance 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.

Goldmanchs MLP and Energy Renaissance Fund's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
	=	1.273	/	(0	+	27.5)
	=	0.05

Goldmanchs MLP and Energy Renaissance Fund's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	1.273	/	(0	+	27.5)
	=	0.05

Goldmanchs MLP and Energy Renaissance Fund (NYSE:GER) 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.

Goldmanchs MLP and Energy Renaissance Fund Cash-to-Debt Related Terms

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Goldmanchs MLP and Energy Renaissance Fund (Goldmanchs MLP and Energy Renaissance Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GER) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 West Street, New York, NY, USA, 10282

Website

http://www.gsamfunds.com

Goldman Sachs MLP and Energy Renaissance Fund is a non-diversified, closed-ended management investment company. Its investment objective is to seek a high level of total return with an emphasis on current distributions to shareholders. It invests primarily in the master limited partnership (MLP) and other energy investments.

Executives

Linda Lang	director	C/O JACK IN THE BOX INC, 9330 BALVOA AVE, SAN DIEGO CA 92123
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Akif Irfan	other: Portfolio Manager	200 WEST STREET, NEW YORK NY 10282
Matthew Cooper	other: Portfolio Manager	200 WEST STREET, NEW YORK NY 10282
Kyri Loupis	other: Portfolio Manager	C/O JULIEN YOO, GOLDMAN SACHS, 200 WEST STREET, NEW YORK NY 10282
John F Killian	director	140 WEST STREET, 29TH FLOOR, NEW YORK NY 10007
Lawrence Hughes	director	ONE BOSTON PLACE, BOSTON MA 02108-4407
Steven D Krichmar	director	C/O PUTNAM LLC, ONE POST OFFICE SQUARE, BOSTON MA 02109
Cheryl K Beebe	director	CORN PRODUCTS INTERNATIONAL INC, 5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Lawrence W Stranghoener	director	2035 KIMBERLY COURT, PLYMOUTH MN 55447
Ganesh Jois	other: Portfolio Manager	200 WEST STREET, NEW YORK NY 10282
Joseph F Dimaria	officer: Principal Accounting Officer	C/O BANK OF AMERICA INVESTMETN ADVISORS, 100 FEDERAL STREET, BOSTON MA 02110
Ashok N Bakhru	director	C/O GOLDMAN SACHS HEDGE FUND STRATEGIES, 32 OLD SLIP, 9TH FLOOR, NEW YORK NY 10005
Caroline Dorsa	director	BIOGEN INC., 225 BINNEY ST., CAMBRIDGE MA 02142