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Advent/claymore Enhanced Growth &ome (Advent/claymore Enhanced Growth &ome) Cash-to-Debt : 0.00 (As of Apr. 2018)


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What is Advent/claymore Enhanced Growth &ome 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. Advent/claymore Enhanced Growth &ome's cash to debt ratio for the quarter that ended in Apr. 2018 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, Advent/claymore Enhanced Growth &ome couldn't pay off its debt using the cash in hand for the quarter that ended in Apr. 2018.

The historical rank and industry rank for Advent/claymore Enhanced Growth &ome's Cash-to-Debt or its related term are showing as below:

LCM's Cash-to-Debt is not ranked *
in the Asset Management industry.
Industry Median: 5.39
* Ranked among companies with meaningful Cash-to-Debt only.

Advent/claymore Enhanced Growth &ome Cash-to-Debt Historical Data

The historical data trend for Advent/claymore Enhanced Growth &ome'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.

* Premium members only.

Advent/claymore Enhanced Growth &ome Cash-to-Debt Chart

Advent/claymore Enhanced Growth &ome Annual Data
Trend Oct17
Cash-to-Debt
-

Advent/claymore Enhanced Growth &ome Semi-Annual Data
Oct17 Apr18
Cash-to-Debt - -

Competitive Comparison of Advent/claymore Enhanced Growth &ome's Cash-to-Debt

For the Asset Management subindustry, Advent/claymore Enhanced Growth &ome'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.

Advent/claymore Enhanced Growth &ome's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Advent/claymore Enhanced Growth &ome's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Advent/claymore Enhanced Growth &ome's Cash-to-Debt falls into.


Advent/claymore Enhanced Growth &ome 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.

Advent/claymore Enhanced Growth &ome's Cash to Debt Ratio for the fiscal year that ended in Oct. 2017 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 / (0 + 35.007)
=0.00

Advent/claymore Enhanced Growth &ome's Cash to Debt Ratio for the quarter that ended in Apr. 2018 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)
=0.023 / (0 + 35.124)
=0.00

* 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.

Advent/claymore Enhanced Growth &ome  (NYSE:LCM) 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.

Advent/claymore Enhanced Growth &ome Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Advent/claymore Enhanced Growth &ome's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Advent/claymore Enhanced Growth &ome (Advent/claymore Enhanced Growth &ome) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Advent/claymore Enhanced Growth & Income (NYSE:LCM) » Definitions » Cash-to-Debt
Comparable Companies
LSE:TMT XMCE:REA BOM:521194 MUS:AAIT TSX:LFE OSTO:NAXS WAR:GKI LSE:MIX XKRX:214680 LSE:KAY LSE:AAVC TSX:FFI.UN LSE:ATI XCNQ:CPTR SVVC LSE:ASCI MUS:TFCI TSX:FFN LSE:ACD LSE:BSRT
Traded in Other Exchanges
N/A
Address
Website
https://www.guggenheiminvestments.com
Advent/claymore Enhanced Growth & Income is a diversified, closed-end management investment company. Its investment objective is to seek current income and current gains from trading in securities, with a objective of long-term capital appreciation.
Executives
Tony Huang officer: V.P. & Assistant Secretary 227 WEST MONROE STREET, CHICAGO IL 60606
Gerald L Seizert director, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Investors, Llp Bulldog 10 percent owner PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Andrew Dakos 10 percent owner 250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Steven Samuels 10 percent owner 72 COLEYTOWN ROAD, WESTPORT CT 06882
Phillip Goldstein 10 percent owner 60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Tracy V Maitland director, officer: Chairman, CEO & President, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Randall C Barnes director, other: Trustee 2455 CORPORATE WEST DRIVE, LISLE IL 60187
Doug Teresko other: Managing Director 1271 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10020
Ronald Nyberg director, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Edward C Delk officer: CCO & Secy 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Michael A Smart director, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Robert Scott Schwartz officer: Chief Compliance Officer 1271 AVENUE OF THE AMERICAS, NEW YORK NY 10002
Derek Medina director, other: Trustee ABC NEWS, 47 WEST 66TH STREET, NEW YORK NY 100123
Richard Rosen other: Portfolio Manager 2455 CORPORATE WEST DRIVE, LISLE IL 60532

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