Salient Midstream & MLP Fund (Salient Midstream & MLP Fund) Cash-to-Debt : 0.01 (As of May. 2022)

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What is Salient Midstream & MLP 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. Salient Midstream & MLP Fund's cash to debt ratio for the quarter that ended in May. 2022 was 0.01.

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, Salient Midstream & MLP Fund couldn't pay off its debt using the cash in hand for the quarter that ended in May. 2022.

The historical rank and industry rank for Salient Midstream & MLP Fund's Cash-to-Debt or its related term are showing as below:

SMM'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.

Salient Midstream & MLP Fund Cash-to-Debt Historical Data

The historical data trend for Salient Midstream & MLP 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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Salient Midstream & MLP Fund Cash-to-Debt Chart

Salient Midstream & MLP Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Cash-to-Debt

0.01

0.02

0.03

0.02

0.01

Salient Midstream & MLP Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22
Cash-to-Debt	Get a 7-Day Free Trial					0.02	0.02	0.02	0.01	0.01

Competitive Comparison of Salient Midstream & MLP Fund's Cash-to-Debt

For the Asset Management subindustry, Salient Midstream & MLP 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.

Salient Midstream & MLP Fund's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Salient Midstream & MLP Fund's Cash-to-Debt falls into.

Salient Midstream & MLP 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.

Salient Midstream & MLP Fund's Cash to Debt Ratio for the fiscal year that ended in Nov. 2021 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)
	=	0.788	/	(0	+	56.1)
	=	0.01

Salient Midstream & MLP Fund's Cash to Debt Ratio for the quarter that ended in May. 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)
	=	0.294	/	(0	+	60.6)
	=	0.00

Salient Midstream & MLP Fund (NYSE:SMM) 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.

Salient Midstream & MLP Fund Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Salient Midstream & MLP Fund's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Salient Midstream & MLP Fund (Salient Midstream & MLP Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Salient Midstream & MLP Fund (NYSE:SMM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4265 San Felipe, 8th Floor, Houston, TX, USA, 77027

Website

https://www.salientpartners.com

Salient Midstream & MLP Fund is a non-diversified, closed-end management investment company. Its investment objective is to provide a high level of total return with an emphasis on making quarterly cash distributions to its common shareholders. The fund seeks to achieve its investment objective by investing a majority of its assets in securities of midstream companies and master limited partnerships.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Stephen W Leonhardt	officer: Principal Financial Officer	4265 SAN FELIPE STREET 8TH FLOOR HOUSTON TX 77027
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
John A Blaisdell	director	4265 SAN FELIPE STREET 8TH FLOOR HOUSTON TX 77027
Gregory Allen Reid	director, officer: President and CEO	4265 SAN FELIPE 8TH FLOOR HOUSTON TX 77027
Thomas Alan Dusenberry	officer: Assistant Treasurer	4265 SAN FELIPE STREET 8TH FLOOR HOUSTON TX 77027
Jonathan P Carroll	director	4265 SAN FELIPE, 8TH FLOOR, HOUSTON TX 77027
Julie Allecta	director	C/O SALIENT MIDSTREAM & MLP FUND 4265 SAN FELIPE STE 800 HOUSTON TX 77027
Gambs Arthur John Iii	director	C/O SALIENT MIDSTREAM & MLP FUND 4265 SAN FELIPE STE 800 HOUSTON TX 77027
Haig G. Mardikian	director	C/O SALIENT MIDSTREAM & MLP FUND 4265 SAN FELIPE STE 800 HOUSTON TX 77027
Kristen Lindsay Bayazitoglu	officer: Secretary	4265 SAN FELIPE STREET 8TH FLOOR HOUSTON TX 77027
Matthew Scott Hibbetts	officer: Vice President	4265 SAN FELIPE STREET 8TH FLOOR HOUSTON TX 77027
Barbara Tolle	officer: Principal Financial Officer	345 CALIFORNIA STREET SUITE 1600 SAN FRANCISCO CA 94104
Christopher Robert Arnold	officer: Principal Financial Officer	4444 WESTHEIMER RD. SUITE G500 HOUSTON TX 77027
John E Price	officer: Principal Financial Officer	4265 SAN FELIPE 8TH FLOOR HOUSTON TX 77027