Pioneer Highome Trust (Pioneer Highome Trust) Cash-to-Debt : 0.00 (As of Sep. 2023)

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What is Pioneer Highome Trust 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. Pioneer Highome Trust's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.00.

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 Highome Trust couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Pioneer Highome Trust's Cash-to-Debt or its related term are showing as below:

During the past 6 years, Pioneer Highome Trust's highest Cash to Debt Ratio was 0.11. The lowest was 0.00. And the median was 0.01.

PHT'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.

Pioneer Highome Trust Cash-to-Debt Historical Data

The historical data trend for Pioneer Highome Trust'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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Pioneer Highome Trust Cash-to-Debt Chart

Pioneer Highome Trust Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.01

0.02

0.11

0.01

Pioneer Highome Trust Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial								0.01	-	-	0.01	-

Competitive Comparison of Pioneer Highome Trust's Cash-to-Debt

For the Asset Management subindustry, Pioneer Highome Trust'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.

Pioneer Highome Trust's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pioneer Highome Trust's Cash-to-Debt distribution charts can be found below:

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

Pioneer Highome Trust 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.

Pioneer Highome Trust's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 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)
	=	0.498	/	(0	+	106.5)
	=	0.00

Pioneer Highome Trust's Cash to Debt Ratio for the quarter that ended in Sep. 2023 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)
	=	0.344	/	(0	+	108.5)
	=	0.00

Pioneer Highome Trust (NYSE:PHT) 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 Highome Trust Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Pioneer Highome Trust's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Pioneer Highome Trust (Pioneer Highome Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pioneer High Income Trust (NYSE:PHT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 State Street, Boston, MA, USA, 02109

Website

https://www.amundi.com

Pioneer High Income Trust is a closed-end management investment company. Its investment objective is to provide a high level of current income and to seek capital appreciation. The group generally invests in fixed income markets. Geographically its activities are carried out through the United States.

Executives

Yana Karalnik	officer: CHIEF COMPLIANCE OFFICER	60 STATE STREET, BOSTON MA 02109
Michael Melnick	officer: Assistant Treasurer	60 STATE STREET, BOSTON MA 02109
Koenig Anthony J Jr	officer: Treasurer	60 STATE STREET, BOSTON MA 02109
Craig C Mackay	officer: Trustee	75 WEST 125TH STREET, NEW YORK NY 10027
Diane Durnin	other: Trustee	60 STATE STREET, BOSTON MA 02109
Baumgardner John E Jr.	other: Trustee	60 STATE STREET, BOSTON MA 02109
John Michael Malone	officer: Chief Compliance Officer	60 STATE STREET, BOSTON MA 02019
Matthew B Shulkin	other: Affiliated Person	60 STATE STREET, C/O AMUNDI PIONEER, BOSTON MA 02109
Mark Edward Bradley	officer: ASSISTANT TREASURER	60 STATE STREET, BOSTON MA 02109
Lorraine H Monchak	other: Trustee	60 STATE STREET, PIONEER INVESTMENTS, BOSTON MA 02109
Fred J Ricciardi	other: Trustee	60 STATE STREET, BOSTON MA 02109
Lisa Jones	officer: Chief Executive Officer	60 STATE STREET, PIONEER INVESTMENTS, BOSTON MA 02109
Bank Of America Na	10 percent owner	100 N. TRYON STREET, CHARLOTTE NC 28255
Blue Ridge Investments, L.l.c.	10 percent owner	ONE BRYANT PARK, NEW YORK NY 10036
Marc O Mayer	other: Trustee	C/O ALLIANCE CAPITAL, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105