Virtus Convertible &ome Fund II (Virtus Convertible &ome Fund II) Cash-to-Debt : 0.42 (As of Jan. 2024)

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What is Virtus Convertible &ome Fund II 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. Virtus Convertible &ome Fund II's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.42.

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, Virtus Convertible &ome Fund II couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

The historical rank and industry rank for Virtus Convertible &ome Fund II's Cash-to-Debt or its related term are showing as below:

NCZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 5000.21 Max: No Debt
Current: 0.42

During the past 6 years, Virtus Convertible &ome Fund II's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 5000.21.

NCZ's Cash-to-Debt is ranked worse than
67.77% of 1449 companies
in the Asset Management industry
Industry Median: 5.79 vs NCZ: 0.42

Virtus Convertible &ome Fund II Cash-to-Debt Historical Data

The historical data trend for Virtus Convertible &ome Fund II'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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Virtus Convertible &ome Fund II Cash-to-Debt Chart

Virtus Convertible &ome Fund II Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Jan23

Jan24

Cash-to-Debt

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No Debt

N/A

No Debt

0.42

Virtus Convertible &ome Fund II Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Jul22	Jan23	Jul23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	-	0.78	0.42

Competitive Comparison of Virtus Convertible &ome Fund II's Cash-to-Debt

For the Asset Management subindustry, Virtus Convertible &ome Fund II'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.

Virtus Convertible &ome Fund II's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Convertible &ome Fund II's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Virtus Convertible &ome Fund II's Cash-to-Debt falls into.

Virtus Convertible &ome Fund II 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.

Virtus Convertible &ome Fund II's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 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)
	=	10.46	/	(0	+	25)
	=	0.42

Virtus Convertible &ome Fund II's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	10.46	/	(0	+	25)
	=	0.42

Virtus Convertible &ome Fund II (NYSE:NCZ) 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.

Virtus Convertible &ome Fund II Cash-to-Debt Related Terms

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

Virtus Convertible &ome Fund II (Virtus Convertible &ome Fund II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus Convertible & Income Fund II (NYSE:NCZ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Munson Street, Greenfield, MA, USA, 01301

Website

https://www.virtus.com

Virtus Convertible & Income Fund II is a diversified, closed-end management investment company. Its investment objective is to provide total return through a combination of capital appreciation and high current income. Its portfolio of investments includes different sector investments such as in healthcare services, media, oil, gas and consumable fuels and others.

Executives

Metlife Investment Management, Llc	10 percent owner	ONE METLIFE WAY, WHIPPANY NJ 07981
Mcdaniel Connie D	director	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Geraldine M Mcnamara	director	150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
R Keith Walton	director	100 PEARL STREET, HARTFORD CT 06103
Christine Hurtsellers	other: CEO - Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa	other: CIO-Subadviser to the issuer	800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Paul Zemsky	other: CIO-Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Voya Investment Management Co	other: Subadviser to the issuer	10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
Brian T Zino	director	100 PARK AVENUE, NEW YORK NY 10017
Deborah A Decotis	director	1633 BROADWAY, NEW YORK NY 10019
Michael Yee	officer: Portfolio Manager	C/O ALLIANZ EQUITY ADVISORS, 1345 AVE OF THE AMERICAS, NEW YORK NY 10105
David J. Oberto	officer: Portfolio Manager	1633 BROADWAY, NEW YORK NY 10019
George R Aylward	director, officer: President and CEO	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
James S Macleod	director	250 E KILBOURN AVE, MILWAUKEE WI 53202
Richard W Smirl	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103