Virtus Convertible &ome 2024 Target Term Fund (Virtus Convertible &ome 2024 Target Term Fund) Cash-to-Debt : 0.42 (As of Jan. 2024)

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What is Virtus Convertible &ome 2024 Target Term 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 Convertible &ome 2024 Target Term Fund's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.42.

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, Virtus Convertible &ome 2024 Target Term Fund couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

The historical rank and industry rank for Virtus Convertible &ome 2024 Target Term Fund's Cash-to-Debt or its related term are showing as below:

CBH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.42
Current: 0.42

During the past 5 years, Virtus Convertible &ome 2024 Target Term Fund's highest Cash to Debt Ratio was 0.42. The lowest was 0.00. And the median was 0.00.

CBH's Cash-to-Debt is ranked worse than
68.03% of 1467 companies
in the Asset Management industry
Industry Median: 5.93 vs CBH: 0.42

Virtus Convertible &ome 2024 Target Term Fund Cash-to-Debt Historical Data

The historical data trend for Virtus Convertible &ome 2024 Target Term 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 Convertible &ome 2024 Target Term Fund Cash-to-Debt Chart

Virtus Convertible &ome 2024 Target Term Fund Annual Data

Trend

Feb19

Feb20

Feb21

Jan23

Jan24

Cash-to-Debt

0.42

Virtus Convertible &ome 2024 Target Term Fund Semi-Annual Data
	Aug17	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Jul22	Jan23	Jul23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial							-	-	-	0.07	0.42

Competitive Comparison of Virtus Convertible &ome 2024 Target Term Fund's Cash-to-Debt

For the Asset Management subindustry, Virtus Convertible &ome 2024 Target Term 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 Convertible &ome 2024 Target Term Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Convertible &ome 2024 Target Term Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Virtus Convertible &ome 2024 Target Term Fund's Cash-to-Debt falls into.

Virtus Convertible &ome 2024 Target Term 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 Convertible &ome 2024 Target Term Fund's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 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)
	=	8.274	/	(0	+	19.7)
	=	0.42

Virtus Convertible &ome 2024 Target Term Fund's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	8.274	/	(0	+	19.7)
	=	0.42

Virtus Convertible &ome 2024 Target Term Fund (NYSE:CBH) 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 Convertible &ome 2024 Target Term Fund Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Virtus Convertible &ome 2024 Target Term Fund's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Virtus Convertible &ome 2024 Target Term Fund (Virtus Convertible &ome 2024 Target Term Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus Convertible & Income 2024 Target Term Fund (NYSE:CBH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Munson Street, Greenfield, MA, USA, 01301

Website

https://us.allianzgi.com

AllianzGI Convertible & Income 2024 Target Term Fund is a diversified, closed-end management investment company. The fund's investment objectives are to provide a high level of income and to returns. The group invests in various sectors such as Aerospace and Defense, Healthcare-Services, Machinery-Construction and Mining, Pharmaceuticals, Transportation, Textiles, Apparel and Luxury Goods, Diversified Financial Services, Auto Components and others.

Executives

R Keith Walton	director	100 PEARL STREET, HARTFORD CT 06103
Mcdaniel Connie D	director	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
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
Philip R Mcloughlin	director	800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Brian T Zino	director	100 PARK AVENUE, NEW YORK NY 10017
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
Alan Rappaport	director	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Bradley William Patrick Iii	officer: EVP, CFO and Treasurer	C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115
George R Aylward	director, officer: President and CEO	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Francis G Waltman	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Justin Kass	other: Portfolio Manager	1345 AVE OF THE AMERICAS, NEW YORK NY 10105