DNP Selectome Fund (DNP Selectome Fund) Cash-to-Debt : 0.05 (As of Oct. 2023)

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What is DNP Selectome 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. DNP Selectome Fund's cash to debt ratio for the quarter that ended in Oct. 2023 was 0.05.

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, DNP Selectome Fund couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

DNP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: 0.09
Current: 0.05

During the past 7 years, DNP Selectome Fund's highest Cash to Debt Ratio was 0.09. The lowest was 0.02. And the median was 0.05.

DNP's Cash-to-Debt is ranked worse than
89.57% of 1476 companies
in the Asset Management industry
Industry Median: 5.445 vs DNP: 0.05

DNP Selectome Fund Cash-to-Debt Historical Data

The historical data trend for DNP Selectome 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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DNP Selectome Fund Cash-to-Debt Chart

DNP Selectome Fund Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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0.04

0.09

0.04

0.07

0.05

DNP Selectome Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial								0.04	0.15	0.07	0.08	0.05

Competitive Comparison of DNP Selectome Fund's Cash-to-Debt

For the Asset Management subindustry, DNP Selectome 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.

DNP Selectome Fund's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where DNP Selectome Fund's Cash-to-Debt falls into.

DNP Selectome 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.

DNP Selectome Fund's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	44.625	/	(0	+	972.343)
	=	0.05

DNP Selectome Fund's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	44.625	/	(0	+	972.343)
	=	0.05

DNP Selectome Fund (NYSE:DNP) 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.

DNP Selectome Fund Cash-to-Debt Related Terms

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

DNP Selectome Fund (DNP Selectome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » DNP Select Income Fund Inc (NYSE:DNP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 South Wacker Drive, Suite 1900, Chicago, IL, USA, 60606

Website

https://www.dpimc.com

DNP Select Income Fund Inc is a closed-ended investment management fund. The primary investment objectives of the fund are current income and long-term growth of income. Its secondary objective is capital appreciation. The Fund seeks to achieve its investment objectives by investing in the public utility industry.

Executives

Daniel Petrisko	officer: VP and Asst. Secy.	800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Grumhaus David D Jr.	other: Officer of the Adviser	200 S. WACKER DRIVE, SUITE 500, CHICAGO IL 60606
Luecke Connie M	other: Officer of the Adviser	55 E MONROE ST SUITE 3600, CHICAGO IL 60603
Kyle P. West	other: Portfolio Manager	DUFF & PHELPS INVESTMENT MANAGEMENT CO., 200 S. WACKER DR., SUITE 500, CHICAGO IL 60606
Mareile B. Cusack	director	DUFF & PHELPS INVESTMENT MANAGEMENT CO., 200 SOUTH WACKER DRIVE, SUITE 500, CHICAGO IL 60640
Timothy P. Riordan	officer: Vice President	DUFF & PHELPS INVESTMENT MANAGEMENT CO., 200 SOUTH WACKER DRIVE, SUITE 500, CHICAGO IL 60640
Kathleen Hegyi	officer: CCO	C/O DUFF & PHELPS INVESTMENT MANAGEMENT, 200 SOUTH WACKER DRIVE, CHICAGO IL 60606
David J Vitale	director	C/O DNP SELECT INCOME FUND INC., 55 EAST MONROE ST, CHICAGO IL 60603
Robert J Genetski	director	195 N. HARBOR DR, SUITE 4903, CHICAGO IL 60601
Metlife Investment Management, Llc	10 percent owner	ONE METLIFE WAY, WHIPPANY NJ 07981
Hoffman Clifford W. Jr.	director	C/O DUFF & PHELPS INVESTMENT MANAGEMENT, 200 E. WACKER DR., CHICAGO IL 60606
Philip R Mcloughlin	director	800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Voya Financial, Inc.	10 percent owner	230 PARK AVENUE, NEW YORK NY 10169
Lion Connecticut Holdings Inc.	10 percent owner	ONE ORANGE WAY, WINDSOR CT 06095
Ing Life Insurance & Annuity Co	10 percent owner	ONE ORANGE WAY, WINDSOR CT 06095-4774