Highland Global Allocation Fund (Highland Global Allocation Fund) Cash-to-Debt : 2.02 (As of Sep. 2023)

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What is Highland Global Allocation 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. Highland Global Allocation Fund's cash to debt ratio for the quarter that ended in Sep. 2023 was 2.02.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Highland Global Allocation Fund could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

HGLB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: No Debt Max: No Debt
Current: 2.02

During the past 5 years, Highland Global Allocation Fund's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was No Debt.

HGLB's Cash-to-Debt is ranked worse than
55.83% of 1467 companies
in the Asset Management industry
Industry Median: 5.93 vs HGLB: 2.02

Highland Global Allocation Fund Cash-to-Debt Historical Data

The historical data trend for Highland Global Allocation 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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Highland Global Allocation Fund Cash-to-Debt Chart

Highland Global Allocation Fund Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

0.01

No Debt

2.02

Highland Global Allocation Fund Semi-Annual Data
	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial					No Debt	No Debt	No Debt	0.17	2.02

Competitive Comparison of Highland Global Allocation Fund's Cash-to-Debt

For the Asset Management subindustry, Highland Global Allocation 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.

Highland Global Allocation Fund's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Highland Global Allocation Fund's Cash-to-Debt falls into.

Highland Global Allocation 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.

Highland Global Allocation Fund's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	7.227	/	(0	+	3.581)
	=	2.02

Highland Global Allocation Fund's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	7.227	/	(0	+	3.581)
	=	2.02

Highland Global Allocation Fund (NYSE:HGLB) 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.

Highland Global Allocation Fund Cash-to-Debt Related Terms

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

Highland Global Allocation Fund (Highland Global Allocation Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Highland Global Allocation Fund (NYSE:HGLB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Crescent Court, Suite 700, Dallas, TX, USA, 75201

Website

http://www.highlandfunds.com

Highland Global Allocation Fund is a diversified, closed-end management investment company. The investment objective of the Fund is to seek long-term growth of capital and future income. The Fund seeks to achieve its investment objectives by investing in a portfolio of U.S. and foreign equity, debt, and money market securities. It may also invest in senior loans to domestic or foreign corporations, partnerships, and other entities that operate in a variety of industries and geographic regions.

Executives

Robert J Froehlich	director	405 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10022
Dorri Mcwhorter	director	6431 OAKTON STREET, C/O LIFEWAY FOODS, INC., MORTON GROVE IL 60053
Pamela B Corrie	director	100 PIER 1 PLACE, FORT WORTH TX 76102
Stephanie Vitiello	officer: Chief Compliance Officer	NEXPOINT DIVERSIFIED REAL ESTATE TRUST, 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Brian Mitts	officer: PEO, PFO & Assistant Treasurer	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Dustin David Norris	director, officer: Secretary	2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201
Bryan A Ward	director	3625 ROSEDALE, DALLAS TX 75205
Robert Jason Post	officer: Chief Compliance Officer	2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201
Clifford Stoops	officer: Assistant Treasurer	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Frank George Waterhouse	officer: See Remarks	2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201
Ethan Powell	director	2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201
John Honis	director	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Timothy K Hui	director	48 WILLOW GREEN DRIVE, CHURCHVILLE PA 18966
Parker Lee Blackwell Iii	officer: Executive Vice President	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201