FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND) Cash-to-Debt : 0.00 (As of Nov. 2023)

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What is FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 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. FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM 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, FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM 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 FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's Cash-to-Debt or its related term are showing as below:

FTHY's Cash-to-Debt is not ranked ^*
in the Asset Management industry.
Industry Median: 5.815
* Ranked among companies with meaningful Cash-to-Debt only.

FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND Cash-to-Debt Historical Data

The historical data trend for FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 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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FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND Cash-to-Debt Chart

FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND Annual Data

Trend

May21

May22

May23

Cash-to-Debt

FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND Semi-Annual Data
	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's Cash-to-Debt

For the Asset Management subindustry, FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 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.

FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's Cash-to-Debt falls into.

FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 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.

FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND'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)
	=	0.066	/	(0	+	123)
	=	0.00

FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM 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)
	=	0.033	/	(0	+	137)
	=	0.00

FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (NYSE:FTHY) 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 HIGH YIELD OPPORTUNITIES 2027 TERM FUND Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (NYSE:FTHY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

http://www.ftportfolios.com

FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND is a diversified, closed-end management investment company. The investment objective of the fund is to provide current income.

Executives

Bronwyn Wright	director	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
James A Bowen	director, other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS LP, 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
M Keefe Denise	director	C/O 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
Kelly Catherine Dehler	other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kristi A Maher	officer: Asst. Secretary and CCO	FIRST TRUST PORTFOLIOS 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
Roger Testin	other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
David Mcgarel	other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Andy Roggensack	other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
W Scott Jardine	officer: Secretary, other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS LP, 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
First Trust Advisors Lp	other: Investment Advisor	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