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BlackRock Capital Allocation Trust (BlackRock Capital Allocation Trust) Cash-to-Debt : No Debt (1) (As of Dec. 2023)


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What is BlackRock Capital Allocation 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. BlackRock Capital Allocation Trust's cash to debt ratio for the quarter that ended in Dec. 2023 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, BlackRock Capital Allocation Trust could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 BlackRock Capital Allocation Trust's Cash-to-Debt or its related term are showing as below:

BCAT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0   Med: 5001.14   Max: No Debt
Current: 266.42

During the past 4 years, BlackRock Capital Allocation Trust's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 5001.14.

BCAT's Cash-to-Debt is ranked better than
62.35% of 1466 companies
in the Asset Management industry
Industry Median: 5.89 vs BCAT: 266.42

BlackRock Capital Allocation Trust Cash-to-Debt Historical Data

The historical data trend for BlackRock Capital Allocation 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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BlackRock Capital Allocation Trust Cash-to-Debt Chart

BlackRock Capital Allocation Trust Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
No Debt - 2.27 No Debt

BlackRock Capital Allocation Trust Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cash-to-Debt Get a 7-Day Free Trial - - 2.27 148.19 No Debt

Competitive Comparison of BlackRock Capital Allocation Trust's Cash-to-Debt

For the Asset Management subindustry, BlackRock Capital Allocation 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.

BlackRock Capital Allocation Trust's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where BlackRock Capital Allocation Trust's Cash-to-Debt falls into.


BlackRock Capital Allocation 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.

BlackRock Capital Allocation Trust's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

BlackRock Capital Allocation Trust had no debt (1).

BlackRock Capital Allocation Trust's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

BlackRock Capital Allocation Trust 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.

BlackRock Capital Allocation Trust  (NYSE:BCAT) 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.

BlackRock Capital Allocation Trust Cash-to-Debt Related Terms

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

BlackRock Capital Allocation Trust (BlackRock Capital Allocation Trust) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BlackRock Capital Allocation Trust (NYSE:BCAT) » Definitions » Cash-to-Debt
Comparable Companies
GSBD GOF ECAT CLM BIGZ USA EVT BMEZ GAB BTT BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
100 Bellevue Parkway, Wilmington, DE, USA, 19809
Website
https://www.blackrock.com
BlackRock Capital Allocation Trust is a non-diversified, closed-end management investment company. The investment objective is to provide total return and income through a combination of current income, current gains and long-term capital appreciation.
Executives
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Arthur Philip Steinmetz director 50 HUDSON YARDS, NEW YORK NY 10001
Richard M Rieder other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Aaron David Wasserman officer: Chief Compliance Officer 50 HUDSON YARDS, NEW YORK NY 10001
Robert W Fairbairn director 55 EAST 52ND STREET, NEW YORK NY 10055
Russell Jared Koesterich other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Lorenzo Flores director 2100 LOGIC DRIVE, SAN JOSE CA 95124
James Phillip Holloman director P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Stayce D. Harris director 1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
Trent Walker officer: Chief Financial Officer C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Blackrock (singapore) Ltd. other: Investment Adviser 40 EAST 52ND STREET, NEW YORK NY 10022
Robert Glenn Hubbard director 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Catherine A. Lynch director 55 EAST 52ND STREET, NEW YORK NY 10055
Michael J Castellano director C/O LAZARD LLC, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020