First Trust Senior Floating Rateome Fund II (First Trust Senior Floating Rateome Fund II) Cash-to-Debt : 0.09 (As of Nov. 2023)

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What is First Trust Senior Floating Rateome Fund II 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 Trust Senior Floating Rateome Fund II's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.09.

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 Trust Senior Floating Rateome Fund II 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 First Trust Senior Floating Rateome Fund II's Cash-to-Debt or its related term are showing as below:

FCT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.16
Current: 0.09

During the past 6 years, First Trust Senior Floating Rateome Fund II's highest Cash to Debt Ratio was 0.16. The lowest was 0.00. And the median was 0.01.

FCT's Cash-to-Debt is ranked worse than
84.07% of 1450 companies
in the Asset Management industry
Industry Median: 5.72 vs FCT: 0.09

First Trust Senior Floating Rateome Fund II Cash-to-Debt Historical Data

The historical data trend for First Trust Senior Floating Rateome Fund II'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 Trust Senior Floating Rateome Fund II Cash-to-Debt Chart

First Trust Senior Floating Rateome Fund II Annual Data

Trend

May18

May19

May20

May21

May22

May23

Cash-to-Debt

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0.01

0.11

First Trust Senior Floating Rateome Fund II Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial								0.01	0.01	0.16	0.11	0.09

Competitive Comparison of First Trust Senior Floating Rateome Fund II's Cash-to-Debt

For the Asset Management subindustry, First Trust Senior Floating Rateome Fund II'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 Trust Senior Floating Rateome Fund II's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Trust Senior Floating Rateome Fund II's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where First Trust Senior Floating Rateome Fund II's Cash-to-Debt falls into.

First Trust Senior Floating Rateome Fund II 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 Trust Senior Floating Rateome Fund II's Cash to Debt Ratio for the fiscal year that ended in May. 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)
	=	5.483	/	(0	+	48.03)
	=	0.11

First Trust Senior Floating Rateome Fund II'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)
	=	5.802	/	(0	+	68)
	=	0.09

First Trust Senior Floating Rateome Fund II (NYSE:FCT) 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 Trust Senior Floating Rateome Fund II Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of First Trust Senior Floating Rateome Fund II's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

First Trust Senior Floating Rateome Fund II (First Trust Senior Floating Rateome Fund II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Trust Senior Floating Rate Income Fund II (NYSE:FCT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187

Website

https://www.ftportfolios.com

First Trust Senior Floating Rate Income Fund II is the United States based diversified, closed-end management investment company. Its investment objective is to seek a high level of current income. As a secondary objective, the fund attempts to preserve capital. The fund seeks to achieve the objectives by investing primarily in a portfolio of senior floating-rate loan interests. Its portfolio of investments consists of aerospace and defense, agricultural products, broadcasting, cable and satellite, electric utilities and other sectors.

Executives

Bronwyn Wright	director	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Thomas R Kadlec	director	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
M Keefe Denise	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kelly Catherine Dehler	other: Officer-Investment Advisor	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott Michael Friske	other: Officer-Investment Advisor	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Orlando Purpura	other: Portfolio Manager	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Jeffrey M Scott	other: Portfolio Manager	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Housey William A Jr	other: Officer of Advisor, Port. Mgr.	FIRST TRUST ADVISORS L.P., 120 E. LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott D Fries	other: Officer of Advisor, Port. Mgr.	FIRST TRUST ADVISORS L.P., 120 E. LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
James A Bowen	director, officer: President	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
David Mcgarel	other: Officer of the Adviser	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Shane Shannon	officer: Assistant Secretary	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Donald Swade	officer: Assistant Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Katherine L Urevig	officer: Assistant Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Daniel J Lindquist	officer: Vice President	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187