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Virtus AllianzGI Equitynvertibleome Fund (Virtus AllianzGI Equitynvertibleome Fund) Cash-to-Debt : No Debt (1) (As of Jan. 2024)


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What is Virtus AllianzGI Equitynvertibleome 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. Virtus AllianzGI Equitynvertibleome Fund's cash to debt ratio for the quarter that ended in Jan. 2024 was No Debt (1).

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Virtus AllianzGI Equitynvertibleome Fund could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

(1) 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.

The historical rank and industry rank for Virtus AllianzGI Equitynvertibleome Fund's Cash-to-Debt or its related term are showing as below:

NIE' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt

During the past 7 years, Virtus AllianzGI Equitynvertibleome Fund's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

NIE's Cash-to-Debt is ranked better than
99.93% of 1442 companies
in the Asset Management industry
Industry Median: 5.72 vs NIE: No Debt

Virtus AllianzGI Equitynvertibleome Fund Cash-to-Debt Historical Data

The historical data trend for Virtus AllianzGI Equitynvertibleome 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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Virtus AllianzGI Equitynvertibleome Fund Cash-to-Debt Chart

Virtus AllianzGI Equitynvertibleome Fund Annual Data
Trend Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cash-to-Debt
Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

Virtus AllianzGI Equitynvertibleome Fund Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Virtus AllianzGI Equitynvertibleome Fund's Cash-to-Debt

For the Asset Management subindustry, Virtus AllianzGI Equitynvertibleome 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.


Virtus AllianzGI Equitynvertibleome Fund's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Virtus AllianzGI Equitynvertibleome Fund's Cash-to-Debt falls into.



Virtus AllianzGI Equitynvertibleome 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.

Virtus AllianzGI Equitynvertibleome Fund's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 is calculated as:

Virtus AllianzGI Equitynvertibleome Fund had no debt (1).

Virtus AllianzGI Equitynvertibleome Fund's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Virtus AllianzGI Equitynvertibleome Fund had no debt (1).

* 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.


Virtus AllianzGI Equitynvertibleome Fund  (NYSE:NIE) 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.


Virtus AllianzGI Equitynvertibleome Fund Cash-to-Debt Related Terms

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


Virtus AllianzGI Equitynvertibleome Fund (Virtus AllianzGI Equitynvertibleome Fund) Business Description

Traded in Other Exchanges
N/A
Address
101 Munson Street, Greenfield, MA, USA, 01301
Virtus AllianzGI Equity & Convertible Income Fund is a diversified, closed-end management investment company. Its investment objective is to seek total return comprised of capital appreciation, current income, and gains. The fund pursues its objective by investing in a diversified portfolio of equity securities and income-producing convertible securities. Its portfolio of investments comprises different sector investments such as aerospace and defense, banks, IT services, software, and others.
Executives
Donald C Burke director C/O BLACKROCK FINANCIAL MANAGEMENT, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Mcdaniel Connie D director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Geraldine M Mcnamara director 150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
Christine Hurtsellers other: CEO - Subadviser to the issuer 230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa other: CIO-Subadviser to the issuer 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Paul Zemsky other: CIO-Subadviser to the issuer 230 PARK AVENUE, NEW YORK NY 10169
Voya Investment Management Co other: Subadviser to the issuer 10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
R Keith Walton director 100 PEARL STREET, HARTFORD CT 06103
Deborah A Decotis director 1633 BROADWAY, NEW YORK NY 10019
David J. Oberto officer: Portfolio Manager 1633 BROADWAY, NEW YORK NY 10019
Philip R Mcloughlin director 800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Brian T Zino director 100 PARK AVENUE, NEW YORK NY 10017
George R Aylward director, officer: President and CEO C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Richard W Smirl officer: EVP C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
F Ford Drummond director 100 N BROADWAY, OKLAHOMA CITY OK 73102

Virtus AllianzGI Equitynvertibleome Fund (Virtus AllianzGI Equitynvertibleome Fund) Headlines

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