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Nuveen Floating Rateome Opp Fd (Nuveen Floating Rateome Opp Fd) Cash-to-Debt : 0.03 (As of Jul. 2022)


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What is Nuveen Floating Rateome Opp Fd 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. Nuveen Floating Rateome Opp Fd's cash to debt ratio for the quarter that ended in Jul. 2022 was 0.03.

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, Nuveen Floating Rateome Opp Fd couldn't pay off its debt using the cash in hand for the quarter that ended in Jul. 2022.

The historical rank and industry rank for Nuveen Floating Rateome Opp Fd's Cash-to-Debt or its related term are showing as below:

JRO'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.

Nuveen Floating Rateome Opp Fd Cash-to-Debt Historical Data

The historical data trend for Nuveen Floating Rateome Opp Fd'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.

Nuveen Floating Rateome Opp Fd Cash-to-Debt Chart

Nuveen Floating Rateome Opp Fd Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21 Jul22
Cash-to-Debt
Get a 7-Day Free Trial 0.01 - - 0.01 0.03

Nuveen Floating Rateome Opp Fd Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - 0.01 - 0.03

Competitive Comparison of Nuveen Floating Rateome Opp Fd's Cash-to-Debt

For the Asset Management subindustry, Nuveen Floating Rateome Opp Fd'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.

Nuveen Floating Rateome Opp Fd's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Nuveen Floating Rateome Opp Fd's Cash-to-Debt falls into.


Nuveen Floating Rateome Opp Fd 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.

Nuveen Floating Rateome Opp Fd's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
=4.305 / (0 + 162.454)
=0.03

Nuveen Floating Rateome Opp Fd's Cash to Debt Ratio for the quarter that ended in Jul. 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)
=4.305 / (0 + 162.454)
=0.03

* 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.

Nuveen Floating Rateome Opp Fd  (NYSE:JRO) 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.

Nuveen Floating Rateome Opp Fd Cash-to-Debt Related Terms

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

Nuveen Floating Rateome Opp Fd (Nuveen Floating Rateome Opp Fd) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Floating Rate Income Opp Fd (NYSE:JRO) » Definitions » Cash-to-Debt
Comparable Companies
EFT FFA MHN EFR PMM FINS MIY SOR BRW CPZ BLK BX TSX:BN OSTO:INVE A KKR APO BK AMP STT OSTO:EQT
Traded in Other Exchanges
N/A
Address
333 West Wacker Drive, Chicago, IL, USA, 60606
Website
https://www.nuveen.com
Nuveen Floating Rate Income Opp Fd is a diversified closed-end management investment company. Its investment objective is to achieve a high level of current income. The Fund invests its managed assets in adjustable rate loans, primarily secured senior loans. It may also invest in unsecured senior loans and secured and unsecured subordinated loans.
Executives
Trey Iii Stenersen officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brett Black officer: Chief Compliance Officer 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Scott C. Caraher other: Portfolio Manager C/O NUVEEN INVESTMENTS, 333 W. WACKER DRIVE, CHICAGO IL 60606
John M. Mccann officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Joanne Medero other: Trustee 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Lancellotta Amy B.r. other: Trustee 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Matthew Iii Thornton other: Trustee 3610 HACKS CROSS ROAD, MEMPHIS TN 38125
Knights Of Columbus 10 percent owner ONE COLUMBUS PLAZA, NEW HAVEN CT 06510
Dominion Bank Toronto 10 percent owner 66 WELLINGTON STREET WEST, 12TH FLOOR, TD TOWER, TORONTO, ONTARIO A6 M5K 1A2
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Deann Morgan officer: Vice President TWO WORLD FINANCIAL CENTER, 7TH FLOOR, NEW YORK NY 10281
Jon Scott Meissner officer: Vice President 333 W WACKER DRIVE, STE 3400, CHICAGO IL 60606
Jacques M Longerstaey officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brian J Lockhart officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606