Priorityome Fund, (Priorityome Fund,) Cash-to-Debt : 0.51 (As of Jun. 2023)

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What is Priorityome 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. Priorityome Fund,'s cash to debt ratio for the quarter that ended in Jun. 2023 was 0.51.

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

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

PRIF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: No Debt Max: No Debt
Current: 0.51

During the past 11 years, Priorityome Fund,'s highest Cash to Debt Ratio was No Debt. The lowest was 0.16. And the median was No Debt.

PRIF's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 5.89 vs PRIF: 0.51

Priorityome Fund, Cash-to-Debt Historical Data

The historical data trend for Priorityome 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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Priorityome Fund, Cash-to-Debt Chart

Priorityome Fund, Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

0.97

0.21

0.16

0.51

Priorityome Fund, Semi-Annual Data
	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial						No Debt	0.97	0.21	0.16	0.51

Competitive Comparison of Priorityome Fund,'s Cash-to-Debt

For the Asset Management subindustry, Priorityome 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.

Priorityome Fund,'s Cash-to-Debt Distribution in the Asset Management Industry

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

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

Priorityome 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.

Priorityome Fund,'s Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	24.997	/	(10	+	38.892)
	=	0.51

Priorityome Fund,'s Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	24.997	/	(10	+	38.892)
	=	0.51

Priorityome Fund, (GREY:PRIF) 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.

Priorityome Fund, Cash-to-Debt Related Terms

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

Priorityome Fund, (Priorityome Fund,) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Priority Income Fund, Inc. (GREY:PRIF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PRIFPG.PFD:USA PRIFpF.PFD:USA PRIFpD.PFD:USA

Address

10 East 40th Street, 42nd Floor, New York, NY, USA, 10016

Website

https://www.priorityincomefund.com

Priority Income Fund, Inc. is an externally managed, nondiversified, closed-end management investment company. Its investment objective is to generate current income, and as a secondary objective, long-term capital appreciation. The company invests in broad pools of senior secured, floating rate loans made primarily to U.S. companies. Its goal is to increase income and portfolio diversification and reduce correlation to traditional fixed-income assets.

Priorityome Fund, (Priorityome Fund,) Headlines

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