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Invesco Dynamic Credit Opportunities Fund (Invesco Dynamic Credit Opportunities Fund) Cash-to-Debt : 0.13 (As of Aug. 2021)


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What is Invesco Dynamic Credit Opportunities 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. Invesco Dynamic Credit Opportunities Fund's cash to debt ratio for the quarter that ended in Aug. 2021 was 0.13.

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, Invesco Dynamic Credit Opportunities Fund couldn't pay off its debt using the cash in hand for the quarter that ended in Aug. 2021.

The historical rank and industry rank for Invesco Dynamic Credit Opportunities Fund's Cash-to-Debt or its related term are showing as below:

VTA'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.

Invesco Dynamic Credit Opportunities Fund Cash-to-Debt Historical Data

The historical data trend for Invesco Dynamic Credit Opportunities 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.

* Premium members only.

Invesco Dynamic Credit Opportunities Fund Cash-to-Debt Chart

Invesco Dynamic Credit Opportunities Fund Annual Data
Trend Feb18 Feb19 Feb20 Feb21
Cash-to-Debt
0.02 0.04 0.05 0.07

Invesco Dynamic Credit Opportunities Fund Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only 0.11 0.05 0.08 0.07 0.13

Competitive Comparison of Invesco Dynamic Credit Opportunities Fund's Cash-to-Debt

For the Asset Management subindustry, Invesco Dynamic Credit Opportunities 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.

Invesco Dynamic Credit Opportunities Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Invesco Dynamic Credit Opportunities Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Invesco Dynamic Credit Opportunities Fund's Cash-to-Debt falls into.


Invesco Dynamic Credit Opportunities 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.

Invesco Dynamic Credit Opportunities Fund's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
=15.986 / (0 + 234.361)
=0.07

Invesco Dynamic Credit Opportunities Fund's Cash to Debt Ratio for the quarter that ended in Aug. 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)
=36.96 / (0 + 283.128)
=0.13

* 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.

Invesco Dynamic Credit Opportunities Fund  (NYSE:VTA) 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.

Invesco Dynamic Credit Opportunities Fund Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Invesco Dynamic Credit Opportunities Fund's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Invesco Dynamic Credit Opportunities Fund (Invesco Dynamic Credit Opportunities Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Invesco Dynamic Credit Opportunities Fund (NYSE:VTA) » Definitions » Cash-to-Debt
Comparable Companies
LSE:HGT LSE:VOF GBL LSE:TPOU TSE:8595 LSE:HSL LSE:P2P TSX:EIT.UN LSE:NESF SLRC LSE:JESC LSE:PEY LSE:BBGI LSE:FSV LSE:SOI TCPC LSE:SCIN TSX:FSZ ASX:AUI ASX:BKI
Traded in Other Exchanges
N/A
Address
1555 Peachtree Street North-East, Suite 1800, Atlanta, GA, USA, 30309
Website
https://www.invesco.com
Invesco Dynamic Credit Opportunities Fund is an investment fund. The fund's investment objective is to seek a high level of current income, with a secondary objective of capital appreciation. The fund seeks to achieve its objectives by investing in a portfolio of interests in floating or variable senior loans to corporations, partnerships, and other entities which operate in a variety of industries and geographic regions.
Executives
Antonio Reina officer: Secretary 1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Josh E Levit officer: Chief Compliance Officer 1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Adrien Deberghes officer: Vice President,PFO & Treasurer 1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Haley S Waldron officer: Chief Accounting Officer 1555 PEACHTREE STREET NE SUITE 1800, ATLANTA GA 30309
Laura Allison Dukes officer: SMD and CFO 780 JOHNSON FERRY ROAD, SUITE 800, ATLANTA GA 30342
Tara Mcaleer officer: Chief Compliance Officer 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Annette Lege director, officer: CFO & CAO 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Kevin M Carome director
Loren M Starr director
Stephen William Swanson officer: Secretary and General Counsel 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Robert Phillip Drobny officer: Vice President 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Mark William Gregson officer: Controller & Treasurer 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Todd F Kuehl officer: Chief Compliance officer 1555 PEACHTREE STREET NE, ATLANTA GA 30309
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174