BNY Mellon High Yield Strategies Fund (BNY Mellon High Yield Strategies Fund) Cash-to-Debt : 0.01 (As of Sep. 2023)

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What is BNY Mellon High Yield Strategies 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. BNY Mellon High Yield Strategies Fund's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.01.

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, BNY Mellon High Yield Strategies Fund couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for BNY Mellon High Yield Strategies Fund's Cash-to-Debt or its related term are showing as below:

DHF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.04
Current: 0.01

During the past 6 years, BNY Mellon High Yield Strategies Fund's highest Cash to Debt Ratio was 0.04. The lowest was 0.00. And the median was 0.01.

DHF's Cash-to-Debt is ranked worse than
96.47% of 1474 companies
in the Asset Management industry
Industry Median: 5.66 vs DHF: 0.01

BNY Mellon High Yield Strategies Fund Cash-to-Debt Historical Data

The historical data trend for BNY Mellon High Yield Strategies 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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BNY Mellon High Yield Strategies Fund Cash-to-Debt Chart

BNY Mellon High Yield Strategies Fund Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.01

0.02

BNY Mellon High Yield Strategies Fund Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial								0.02	-	0.04	0.02	0.01

Competitive Comparison of BNY Mellon High Yield Strategies Fund's Cash-to-Debt

For the Asset Management subindustry, BNY Mellon High Yield Strategies 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.

BNY Mellon High Yield Strategies Fund's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where BNY Mellon High Yield Strategies Fund's Cash-to-Debt falls into.

BNY Mellon High Yield Strategies 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.

BNY Mellon High Yield Strategies Fund's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	1.583	/	(0	+	79)
	=	0.02

BNY Mellon High Yield Strategies 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)
	=	1.126	/	(0	+	79)
	=	0.01

BNY Mellon High Yield Strategies Fund (NYSE:DHF) 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.

BNY Mellon High Yield Strategies Fund Cash-to-Debt Related Terms

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

BNY Mellon High Yield Strategies Fund (BNY Mellon High Yield Strategies Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BNY Mellon High Yield Strategies Fund (NYSE:DHF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

240 Greenwich Street, New York, NY, USA, 10286

Website

https://www.bnymellonim.com

BNY Mellon High Yield Strategies Fund is a diversified, closed-end management investment company. The fund's primary investment objective is to seek high current income and its secondary objective is capital appreciation. It invests primarily in fixed-income securities of below-investment-grade credit quality.

Executives

Irene Papadoulis	other: Director of BNYMIA (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Bushra Mannan	other: Director of BNYMIA (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Ping Jiang	other: Dir. of Invest. Oversight (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Bradley J Skapyak	director	200 PARK AVENUE, NEW YORK NY 10166
Kevin L. Cronk	other: Portfolio Manager	200 PARK AVENUE, NEW YORK NY 10166
Joseph Martella	officer: VP	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10288
Daniel Goldstein	officer: VP	240 GREENWICH STREET, NEW YORK NY 10286
Robert J. Pomeroy	officer: VP; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
John Squillace	other: CCO; Investment Adviser	240 GREENWICH STREET, NEW YORK NY 10286
Gregory Pasquale	other: CFO; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Joseph S Dimartino	director	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Kenneth J. Bradle	other: Director of Advisor	240 GREENWICH STREET, NEW YORK NY 10286
Leland Hart	other: Portfolio Manager	200 PARK AVENUE, NEW YORK NY 10116
Amanda Quinn	officer: VP and Asst Secretary	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Chris E Barris	other: Portfolio Manager	200 PARK AVENUE, NEW YORK NY 10166