GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Western Asset Invstm Grd Dfnd Opp Tr Inc (NYSE:IGI) » Definitions » Cash-to-Debt

Western Asset Invstm Grd Dfnd Opp Tr (Western Asset Invstm Grd Dfnd Opp Tr) Cash-to-Debt : No Debt (1) (As of Nov. 2023)


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What is Western Asset Invstm Grd Dfnd Opp Tr 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. Western Asset Invstm Grd Dfnd Opp Tr's cash to debt ratio for the quarter that ended in Nov. 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, Western Asset Invstm Grd Dfnd Opp Tr could pay off its debt using the cash in hand for the quarter that ended in Nov. 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 Western Asset Invstm Grd Dfnd Opp Tr's Cash-to-Debt or its related term are showing as below:

IGI' 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, Western Asset Invstm Grd Dfnd Opp Tr's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

IGI's Cash-to-Debt is ranked better than
99.93% of 1470 companies
in the Asset Management industry
Industry Median: 5.845 vs IGI: No Debt

Western Asset Invstm Grd Dfnd Opp Tr Cash-to-Debt Historical Data

The historical data trend for Western Asset Invstm Grd Dfnd Opp Tr'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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Western Asset Invstm Grd Dfnd Opp Tr Cash-to-Debt Chart

Western Asset Invstm Grd Dfnd Opp Tr Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cash-to-Debt
Get a 7-Day Free Trial No Debt N/A No Debt No Debt No Debt

Western Asset Invstm Grd Dfnd Opp Tr Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Western Asset Invstm Grd Dfnd Opp Tr's Cash-to-Debt

For the Asset Management subindustry, Western Asset Invstm Grd Dfnd Opp Tr'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.

Western Asset Invstm Grd Dfnd Opp Tr's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Western Asset Invstm Grd Dfnd Opp Tr's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Western Asset Invstm Grd Dfnd Opp Tr's Cash-to-Debt falls into.


Western Asset Invstm Grd Dfnd Opp Tr 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.

Western Asset Invstm Grd Dfnd Opp Tr's Cash to Debt Ratio for the fiscal year that ended in Nov. 2023 is calculated as:

Western Asset Invstm Grd Dfnd Opp Tr had no debt (1).

Western Asset Invstm Grd Dfnd Opp Tr's Cash to Debt Ratio for the quarter that ended in Nov. 2023 is calculated as:

Western Asset Invstm Grd Dfnd Opp Tr had no debt (1).

* 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.

Western Asset Invstm Grd Dfnd Opp Tr  (NYSE:IGI) 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.

Western Asset Invstm Grd Dfnd Opp Tr Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Western Asset Invstm Grd Dfnd Opp Tr's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Western Asset Invstm Grd Dfnd Opp Tr (Western Asset Invstm Grd Dfnd Opp Tr) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Western Asset Invstm Grd Dfnd Opp Tr Inc (NYSE:IGI) » Definitions » Cash-to-Debt
Comparable Companies
IHIT BSL EOD DMB VTN NBH PTMN LGI BKN NPV BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
620 Eighth Avenue, 47th Floor, New York, NY, USA, 10018
Website
https://www.franklintempleton.com
Western Asset Invstm Grd Dfnd Opp Tr Inc operates as a non-diversified closed-end management investment company. Its primary investment objective is to provide current income and then liquidate & distribute substantially all of the Fund's net assets to stockholders. As a secondary investment objective, the Fund will seek capital appreciation. The Fund seeks to achieve its investment objectives by investing at least 80% of its net assets in investment-grade corporate fixed-income securities of varying maturities.
Executives
Oliveira Marc De officer: Secretary/Chief Legal Officer C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Eileen A Kamerick director 200 NORTH ADAMS STREET, GREEN BAY WI 54301
Hoffmann Courtney A. other: Secretary/GC Subadviser WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Andrew J. Bowden other: COO/Subadviser WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Daniel P Cronin director 235 EAST 42ND ST, NEW YORK NY 10017
Laura F Fergerson other: Manager/Investment Manager 3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
Brian Eakes other: Manager/Investment Manager 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
George P. Hoyt officer: Secretary and Ch Lgl Officer C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Matthew Nicholls other: Director of Sub-Adviser ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jed A. Plafker other: Director of Sub-Adviser ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jennifer M Johnson other: Director of Sub-Adviser C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906
Fred Steven Jensen officer: Chief Compliance Officer LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Christopher Berarducci officer: Treas/Principal Finan Officer LEGG MASON, 620 EIGHTH AVENUE, NEW YORK NY 10018
Nisha Kumar director 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103
Jennifer S Berg officer: Treasurer 100 INTERNATIONAL DRIVE, 7TH FLOOR, BALTIMORE MD 21202