Rivernorth Opportunities Fund (Rivernorth Opportunities Fund) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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What is Rivernorth Opportunities 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. Rivernorth Opportunities Fund's cash to debt ratio for the quarter that ended in Jan. 2024 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, Rivernorth Opportunities Fund could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

(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 Rivernorth Opportunities Fund's Cash-to-Debt or its related term are showing as below:

RIV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: No Debt Max: No Debt
Current: No Debt

During the past 7 years, Rivernorth Opportunities Fund's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was No Debt.

RIV's Cash-to-Debt is ranked better than
99.93% of 1466 companies
in the Asset Management industry
Industry Median: 5.845 vs RIV: No Debt

Rivernorth Opportunities Fund Cash-to-Debt Historical Data

The historical data trend for Rivernorth Opportunities 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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Rivernorth Opportunities Fund Cash-to-Debt Chart

Rivernorth Opportunities Fund Annual Data

Trend

Oct17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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No Debt

0.02

N/A

No Debt

Rivernorth Opportunities Fund Semi-Annual Data
	Oct17	Apr18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial								0.01	No Debt	N/A	No Debt	No Debt

Competitive Comparison of Rivernorth Opportunities Fund's Cash-to-Debt

For the Asset Management subindustry, Rivernorth Opportunities 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.

Rivernorth Opportunities Fund's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Rivernorth Opportunities Fund's Cash-to-Debt falls into.

Rivernorth Opportunities 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.

Rivernorth Opportunities Fund's Cash to Debt Ratio for the fiscal year that ended in Jul. 2023 is calculated as:

Rivernorth Opportunities Fund had no debt ⁽¹⁾.

Rivernorth Opportunities Fund's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Rivernorth Opportunities Fund had no debt ⁽¹⁾.

Rivernorth Opportunities Fund (NYSE:RIV) 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.

Rivernorth Opportunities Fund Cash-to-Debt Related Terms

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

Rivernorth Opportunities Fund (Rivernorth Opportunities Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Rivernorth Opportunities Fund Inc (NYSE:RIV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RIVpA.PFD:USA

Address

360 South Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401

Website

https://www.rivernorth.com/riv

Rivernorth Opportunities Fund Inc is a diversified, closed-end management investment company. The fund's investment objective is total return consisting of capital appreciation and current income.

Executives

Jerry Raio	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Patrick W. Galley	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Lisa Bruckert Mougin	director	C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
John Wayne Hutchens	director	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Stephen Andrew O'neill	other: Portfolio Manager	360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
David Swanson	director	325 N. LASALLE ST., SUITE 645, CHICAGO IL 60654
Erich Rettinger	officer: Treasurer	1290 BROADWAY SUITE 1100, DENVER CO 80203
Robert Douglas Mcclure	officer: Treasurer	1290 BROADWAY, SUITE 1000, DENVER CO 80203
Brian H Schmucker	other: Officer of Subadviser	325 NORTH LASALLE STREET, SUITE 645, CHICAGO IL 60654
Rivernorth Capital Management, Llc	other: Investment Sub Adviser	360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Sareena Khwaja-dixon	officer: Secretary	1290 BROADWAY, SUITE 1100, DENVER CO 80203
John S. Oakes	director	325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Laton Spahr	other: President of the Adviser	1290 BROADWAY, SUITE 1100, DENVER CO 80203
Matthew Sutula	other: Interim CCO	1290 BROADWAY, SUITE 1100, DENVER CO 80203
Michael Sleightholme	other: Officer of Investment Advisor	1290 BROADWAY, SUITE 1100, DENVER CO 80203