Switch to:

Pioneer Floating Rate Trust Cash-to-Debt

: 0.02 (As of May. 2020)
View and export this data going back to . Start your Free Trial

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. Pioneer Floating Rate Trust's cash to debt ratio for the quarter that ended in May. 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, Pioneer Floating Rate Trust couldn't pay off its debt using the cash in hand for the quarter that ended in May. 2020.

NYSE:PHD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01   Med: 0.01   Max: 0.04
Current: 0.02

0.01
0.04

During the past 3 years, Pioneer Floating Rate Trust's highest Cash to Debt Ratio was 0.04. The lowest was 0.01. And the median was 0.01.

NYSE:PHD's Cash-to-Debt is ranked lower than
95% of the 1462 Companies
in the Asset Management industry.

( Industry Median: 17.66 vs. NYSE:PHD: 0.02 )

Pioneer Floating Rate Trust Cash-to-Debt Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Pioneer Floating Rate Trust Annual Data
Nov17 Nov18 Nov19
Cash-to-Debt 0.01 0.01 0.04

Pioneer Floating Rate Trust Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20
Cash-to-Debt Premium Member Only 0.01 0.01 0.01 0.04 0.02

Competitive Comparison
* 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.


Pioneer Floating Rate Trust Cash-to-Debt Distribution

* The bar in red indicates where Pioneer Floating Rate Trust's Cash-to-Debt falls into.



Pioneer Floating Rate Trust Cash-to-Debt Calculation

This is the ratio of a company's 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.

Pioneer Floating Rate Trust's Cash to Debt Ratio for the fiscal year that ended in Nov. 2019 is calculated as:

Pioneer Floating Rate Trust's Cash to Debt Ratio for the quarter that ended in May. 2020 is calculated as:

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Pioneer Floating Rate Trust  (NYSE:PHD) 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.


Pioneer Floating Rate Trust Cash-to-Debt Related Terms


Pioneer Floating Rate Trust Cash-to-Debt Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)