Western Asset Investment Gradeome Fund (Western Asset Investment Gradeome Fund) Cash-to-Debt

: N/A (As of Dec. 2023)

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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. Western Asset Investment Gradeome Fund's cash to debt ratio for the quarter that ended in Dec. 2023 was N/A.

The historical rank and industry rank for Western Asset Investment Gradeome Fund's Cash-to-Debt or its related term are showing as below:

During the past 7 years, Western Asset Investment Gradeome Fund's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

PAI's Cash-to-Debt is not ranked ^*
in the Asset Management industry.
Industry Median: 5.265
* Ranked among companies with meaningful Cash-to-Debt only.

Western Asset Investment Gradeome Fund Cash-to-Debt Historical Data

The historical data trend for Western Asset Investment Gradeome 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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Western Asset Investment Gradeome Fund Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

No Debt

N/A

Western Asset Investment Gradeome Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt									N/A	N/A	No Debt	No Debt	N/A

Competitive Comparison

For the Asset Management subindustry, Western Asset Investment Gradeome 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.

Western Asset Investment Gradeome Fund Cash-to-Debt Distribution

For the Asset Management industry and Financial Services sector, Western Asset Investment Gradeome Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Western Asset Investment Gradeome Fund's Cash-to-Debt falls into.

Western Asset Investment Gradeome 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.

Western Asset Investment Gradeome Fund's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Western Asset Investment Gradeome Fund's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Western Asset Investment Gradeome Fund (NYSE:PAI) 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.

Western Asset Investment Gradeome Fund Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Western Asset Investment Gradeome Fund's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Western Asset Investment Gradeome Fund (Western Asset Investment Gradeome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Western Asset Investment Grade Income Fund Inc (NYSE:PAI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

620 Eighth Avenue, 47th Floor, New York, MA, USA, 10018

Website

https://www.leggmason.com

Western Asset Investment Grade Income Fund Inc is a closed-end diversified investment company. The company designed primarily as a long-term investment and not as a trading vehicle. The fund seeks a high level of current income, consistent with prudent investment risk, through investment in a diversified portfolio of debt securities. Its portfolio is invested in securities which may be convertible into or exchangeable for, or carry warrants to purchase, common stock or other equity interests; and preferred stock.

Executives

Hoffmann Courtney A.	other: Secretary/GC Subadviser	WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Andrew J. Bowden	other: COO/Subadviser	WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Oliveira Marc De	officer: Secretary / Chief LGL Officer	C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Matthew Nicholls	other: Director of Investment Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jed A. Plafker	other: Director of Investment Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jennifer M Johnson	other: Director of Investment Adviser	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906
Michael Larson	director	2365 CARILLON POINT, KIRKLAND WA 98033
Ronald L Olson	director	EDISON INTERNATIONAL, 2244 WALNUT GROVE AVENUE, ROSEMEAD CA 91770
Susan B Kerley	director	51 MADISON AVENUE, NEW YORK NY 10010
Jane F Dasher	director	KORSNAT PARTNERS, 283 GREENWICH AVE 3RD FL, GREENWICH CT 06830
Christopher Berarducci	officer: Treas/Principal Finan Officer	LEGG MASON, 620 EIGHTH AVENUE, NEW YORK NY 10018
Ted P Becker	officer: Chief Compliance Officer	399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Peter J. Taylor	director	2244 WALNUT GROVE AVENUE, ROSEMEAD CA 91770
S. Kenneth Leech	other: Portfolio Manager - Adviser	385 EAST COLORADO BLVD, PASADENA CA 91101
John Kenney	other: Director of Subadviser	100 INTERNATIONAL DRIVE, BALTIMORE MD 21202