PIMCO Tacticalome Fund (TSX:PTI.UN) Cash-to-Debt : 0.09 (As of Dec. 2023)

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What is PIMCO Tacticalome 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. PIMCO Tacticalome Fund's cash to debt ratio for the quarter that ended in Dec. 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, PIMCO Tacticalome Fund couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSX:PTI.UN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.29 Max: No Debt
Current: 0.09

During the past 4 years, PIMCO Tacticalome Fund's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was 0.29.

TSX:PTI.UN's Cash-to-Debt is ranked worse than
84.49% of 1470 companies
in the Asset Management industry
Industry Median: 5.845 vs TSX:PTI.UN: 0.09

PIMCO Tacticalome Fund Cash-to-Debt Historical Data

The historical data trend for PIMCO Tacticalome 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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PIMCO Tacticalome Fund Cash-to-Debt Chart

PIMCO Tacticalome Fund Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

0.10

0.49

0.09

PIMCO Tacticalome Fund Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.10	-	0.49	0.14	0.09

Competitive Comparison of PIMCO Tacticalome Fund's Cash-to-Debt

For the Asset Management subindustry, PIMCO Tacticalome 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.

PIMCO Tacticalome Fund's Cash-to-Debt Distribution in the Asset Management Industry

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

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

PIMCO Tacticalome 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.

PIMCO Tacticalome Fund's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	6.603	/	(0	+	70.98)
	=	0.09

PIMCO Tacticalome Fund's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	6.603	/	(0	+	70.98)
	=	0.09

PIMCO Tacticalome Fund (TSX:PTI.UN) 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.

PIMCO Tacticalome Fund Cash-to-Debt Related Terms

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

PIMCO Tacticalome Fund (TSX:PTI.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PIMCO Tactical Income Fund (TSX:PTI.UN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

199 Bay Street, Commerce Court West, Suite 2050, Toronto, ON, CAN, M5L1G2

Website

https://www.pimco.ca

PIMCO Tactical Income Fund is a closed-end investment fund company. The Fund's investment objectives are to provide unitholders with current income as the primary objective and capital appreciation as a secondary objective, through various market cycles, by utilizing a dynamic asset allocation among multiple sectors in various credit markets, including corporate debt, mortgage-related, and other asset-backed securities, government and sovereign debt, taxable municipal bonds, other fixed-, variable- and floating-rate income-producing securities of U.S. and various issuers, including emerging market issuers, and real estate-related investments.

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