DTFTax-Freeome (DTFTax-Freeome) Cash-to-Debt : No Debt ⁽¹⁾ (As of Oct. 2023)

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What is DTFTax-Freeome 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. DTFTax-Freeome's cash to debt ratio for the quarter that ended in Oct. 2023 was No Debt ⁽¹⁾.

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, DTFTax-Freeome could pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

(1) 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.

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

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

During the past 7 years, DTFTax-Freeome's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

DTF's Cash-to-Debt is ranked better than
99.93% of 1468 companies
in the Asset Management industry
Industry Median: 5.66 vs DTF: No Debt

DTFTax-Freeome Cash-to-Debt Historical Data

The historical data trend for DTFTax-Freeome'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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DTFTax-Freeome Cash-to-Debt Chart

DTFTax-Freeome Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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No Debt

DTFTax-Freeome Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of DTFTax-Freeome's Cash-to-Debt

For the Asset Management subindustry, DTFTax-Freeome'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.

DTFTax-Freeome's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where DTFTax-Freeome's Cash-to-Debt falls into.

DTFTax-Freeome 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.

DTFTax-Freeome's Cash to Debt Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

DTFTax-Freeome had no debt ⁽¹⁾.

DTFTax-Freeome's Cash to Debt Ratio for the quarter that ended in Oct. 2023 is calculated as:

DTFTax-Freeome had no debt ⁽¹⁾.

DTFTax-Freeome (NYSE:DTF) 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.

DTFTax-Freeome Cash-to-Debt Related Terms

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

DTFTax-Freeome (DTFTax-Freeome) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » DTFTax-Free Income Inc (NYSE:DTF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 South Wacker Drive, Suite 1900, Chicago, IL, USA, 60606

Website

https://www.dpimc.com

DTFTax-Free Income Inc is a diversified, closed-end management investment company. Its investment objective is to provide current income exempt from regular federal income tax consistent with preservation of capital. The fund seeks to achieve its investment objective by investing in a diversified portfolio of investment-grade tax-exempt obligations.

Executives

Grumhaus David D Jr.	other: Officer of Investment Adviser	200 S. WACKER DRIVE, SUITE 500, CHICAGO IL 60606
Mareile B. Cusack	director	DUFF & PHELPS INVESTMENT MANAGEMENT CO., 200 SOUTH WACKER DRIVE, SUITE 500, CHICAGO IL 60640
Timothy P. Riordan	officer: Vice President	DUFF & PHELPS INVESTMENT MANAGEMENT CO., 200 SOUTH WACKER DRIVE, SUITE 500, CHICAGO IL 60640
Kathleen Hegyi	officer: CCO	C/O DUFF & PHELPS INVESTMENT MANAGEMENT, 200 SOUTH WACKER DRIVE, CHICAGO IL 60606
Dusty L. Self	officer: Vice President	VIRTUS INVESTMENT PARTNERS, INC., 301 EAST PINE STREET, SUITE 500, ORLANDO FL 32801
Ronald H. Schwartz	officer: Vice President	VIRTUS INVESTMENT PARTNERS, INC., 301 EAST PINE STREET, SUITE 500, ORLANDO FL 32801
Wells Fargo & Company/mn	10 percent owner	420 MONTGOMERY STREET, SAN FRANCISCO CA 94163
Jpmorgan Chase Bank, N.a.	10 percent owner	1111 POLARIS PARKWAY, COLUMBUS OH 43240
George W Karpus	other: See Explanation of Responses
Karpus Management, Inc.	10 percent owner	183 SULLY'S TRAIL, PITTSFORD NY 14534
Lisa Leonard	officer: Vice President	GATEWAY CENTER THREE, 1100 MUBERRY STREET, 4TH FLOOR, NEWARK NJ 07102
Timothy M Heaney	officer: VP & Chief Investment Officer	GATEWAY CENTER THREE, 1100 MUBERRY STREET, 4TH FLOOR, NEWARK NJ 07102
Hoffman Clifford W. Jr.	director	C/O DUFF & PHELPS INVESTMENT MANAGEMENT, 200 E. WACKER DR., CHICAGO IL 60606
Wells Fargo Bank N A	10 percent owner	101 NORTH PHILLIPS AVENUE, SIOUX FALLS SD 57104
Wells Fargo Municipal Capital Strategies, Llc	10 percent owner	375 PARK AVENUE, NEW YORK NY 10152