ClearBridge MLP & Midstream Fund (ClearBridge MLP & Midstream Fund) Cash-to-Debt : 0.00 (As of Nov. 2023)

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What is ClearBridge MLP & Midstream 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. ClearBridge MLP & Midstream Fund's cash to debt ratio for the quarter that ended in Nov. 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, ClearBridge MLP & Midstream Fund couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

The historical rank and industry rank for ClearBridge MLP & Midstream Fund's Cash-to-Debt or its related term are showing as below:

CEM's Cash-to-Debt is not ranked ^*
in the Asset Management industry.
Industry Median: 5.79
* Ranked among companies with meaningful Cash-to-Debt only.

ClearBridge MLP & Midstream Fund Cash-to-Debt Historical Data

The historical data trend for ClearBridge MLP & Midstream 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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ClearBridge MLP & Midstream Fund Cash-to-Debt Chart

ClearBridge MLP & Midstream Fund Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

ClearBridge MLP & Midstream Fund Semi-Annual Data
	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of ClearBridge MLP & Midstream Fund's Cash-to-Debt

For the Asset Management subindustry, ClearBridge MLP & Midstream 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.

ClearBridge MLP & Midstream Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, ClearBridge MLP & Midstream Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where ClearBridge MLP & Midstream Fund's Cash-to-Debt falls into.

ClearBridge MLP & Midstream 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.

ClearBridge MLP & Midstream Fund's Cash to Debt Ratio for the fiscal year that ended in Nov. 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	/	(0	+	199.317)
	=	0.00

ClearBridge MLP & Midstream Fund's Cash to Debt Ratio for the quarter that ended in Nov. 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	/	(0	+	199.317)
	=	0.00

ClearBridge MLP & Midstream Fund (NYSE:CEM) 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.

ClearBridge MLP & Midstream Fund Cash-to-Debt Related Terms

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

ClearBridge MLP & Midstream Fund (ClearBridge MLP & Midstream Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ClearBridge MLP & Midstream Fund Inc. (NYSE:CEM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

620 Eighth Avenue, 47th Floor, New York, NY, USA, 10018

Website

https://www.franklintempleton.com

ClearBridge MLP & Midstream Fund Inc. is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of total return with an emphasis on cash distributions. The Fund seeks to achieve its objective by investing primarily in energy master limited partnerships (MLPs) and energy midstream entities.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Oliveira Marc De	officer: Secretary/Chief Legal Officer	C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Jasna Dolgov	other: General Counsel/Subadviser	CLEARBRIDGE INVESTMENTS, 620 EIGHTH AVENUE, NEW YORK NY 10018
Guardian Life Insurance Co Of America	10 percent owner	10 HUDSON YARDS, NY NY 10001
Mutual Of Omaha Insurance Co	10 percent owner	3300 MUTUAL OF OMAHA PLAZA, OMAHA NE 68175
United Of Omaha Life Insurance Co	10 percent owner	MUTUAL OF OMAHA PLZ 3RD FLOOR LAW, ATTN: JAN BROCKMAN, OMAHA NE 68175-1008
Daniel P Cronin	director	235 EAST 42ND ST, NEW YORK NY 10017
William R Hutchinson	director	535 N MICHIGAN STE 1012, CHICAGO IL 60611
Chris Eades	other: Portfolio Manager	620 EIGHTH AVENUE, 48TH FLOOR, NEW YORK NY 10018
Laura F Fergerson	other: Manager/Investment Manager	3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
George P. Hoyt	officer: Secretary and Ch Lgl Officer	C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Gwen L Shaneyfelt	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jed A. Plafker	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jennifer M Johnson	other: Director of Sub-Adviser	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906