First Eagle Alternative Capital BDC (First Eagle Alternative Capital BDC) Cash-to-Debt : 0.03 (As of Dec. 2022)

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What is First Eagle Alternative Capital BDC 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. First Eagle Alternative Capital BDC's cash to debt ratio for the quarter that ended in Dec. 2022 was 0.03.

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, First Eagle Alternative Capital BDC couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

The historical rank and industry rank for First Eagle Alternative Capital BDC's Cash-to-Debt or its related term are showing as below:

FCRD's Cash-to-Debt is not ranked ^*
in the Asset Management industry.
Industry Median: 5.72
* Ranked among companies with meaningful Cash-to-Debt only.

First Eagle Alternative Capital BDC Cash-to-Debt Historical Data

The historical data trend for First Eagle Alternative Capital BDC'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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First Eagle Alternative Capital BDC Cash-to-Debt Chart

First Eagle Alternative Capital BDC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.03

0.05

0.07

0.03

First Eagle Alternative Capital BDC Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Cash-to-Debt	Get a 7-Day Free Trial															0.07	0.03	0.05	0.03	0.03

Competitive Comparison of First Eagle Alternative Capital BDC's Cash-to-Debt

For the Asset Management subindustry, First Eagle Alternative Capital BDC'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.

First Eagle Alternative Capital BDC's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Eagle Alternative Capital BDC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where First Eagle Alternative Capital BDC's Cash-to-Debt falls into.

First Eagle Alternative Capital BDC 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.

First Eagle Alternative Capital BDC's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	7.009	/	(0	+	211.6)
	=	0.03

First Eagle Alternative Capital BDC's Cash to Debt Ratio for the quarter that ended in Dec. 2022 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)
	=	7.009	/	(0	+	211.6)
	=	0.03

First Eagle Alternative Capital BDC (NAS:FCRD) 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.

First Eagle Alternative Capital BDC Cash-to-Debt Related Terms

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

First Eagle Alternative Capital BDC (First Eagle Alternative Capital BDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Eagle Alternative Capital BDC Inc (NAS:FCRD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Boylston Street, Suite 1200, Boston, MA, USA, 02116

Website

https://www.firsteagle.com

First Eagle Alternative Capital BDC Inc is a closed-end investment company which act as a business development company. The company's investment objective is to generate both current income and capital appreciation, primarily through directly originated first lien secured loans, including unitranche investments. It also makes the second lien, subordinated, or mezzanine debt investments, which may include an associated equity component such as warrants, preferred stock or other similar securities and direct equity co-investments.

Executives

Robert J. Hickey	10 percent owner	1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523
Christopher J. Flynn	director, 10 percent owner, officer: See Remarks	100 FEDERAL STREET 31ST FLOOR, BOSTON MA 02110
Edward J. Giordano	other: CFO of the Adviser	C/O H.I.G. CAPITAL, LLC, 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131
Sabrina Rusnak-carlson	10 percent owner, officer: See Remarks	100 FEDERAL STREET, 31ST FLOOR, BOSTON MA 02110
Jennifer Wilson	officer: Chief Accounting Officer	100 WALL STREET, 11TH FLOOR, NEW YORK NY 10005
Terrence W. Olson	10 percent owner, officer: See Remarks	C/O THL CREDIT, INC., 100 FEDERAL STREET, 31ST FL, BOSTON MA 02110
Arnhold & S. Bleichroeder Holdings, Inc.	10 percent owner	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
William Montgomery Cook	10 percent owner	10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
First Eagle Investment Management, Llc	10 percent owner	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Sam W. Tillinghast	10 percent owner	C/O THL CREDIT, INC., 100 FEDERAL STREET, 31ST FL, BOSTON MA 02110
James R Fellows	10 percent owner, officer: See Remarks	100 FEDERAL STREET, 31ST FLOOR, BOSTON MA 02110
Brian J. Murphy	10 percent owner	1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523
Steven F. Krull	10 percent owner	1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523
Brian W. Good	10 percent owner	1515 WEST 22ND STREET, SUITE 1200, OAK BROOK IL 60523
Thlp Debt Partners, L.p.	10 percent owner	100 FEDERAL STREET, BOSTON MA 02110