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Virtus Global Multi-Sector (Virtus Global Multi-Sector) Cash-to-Debt : 0.05 (As of Nov. 2023)


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What is Virtus Global Multi-Sector 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 Global Multi-Sector's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.05.

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 Global Multi-Sector couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

The historical rank and industry rank for Virtus Global Multi-Sector's Cash-to-Debt or its related term are showing as below:

VGI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0   Med: 0.02   Max: 0.05
Current: 0.05

During the past 7 years, Virtus Global Multi-Sector's highest Cash to Debt Ratio was 0.05. The lowest was 0.00. And the median was 0.02.

VGI's Cash-to-Debt is ranked worse than
89.78% of 1468 companies
in the Asset Management industry
Industry Median: 5.66 vs VGI: 0.05

Virtus Global Multi-Sector Cash-to-Debt Historical Data

The historical data trend for Virtus Global Multi-Sector'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 Global Multi-Sector Cash-to-Debt Chart

Virtus Global Multi-Sector Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cash-to-Debt
Get a 7-Day Free Trial 0.04 0.02 0.01 - 0.05

Virtus Global Multi-Sector 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 0.01 - - 0.03 0.05

Competitive Comparison of Virtus Global Multi-Sector's Cash-to-Debt

For the Asset Management subindustry, Virtus Global Multi-Sector'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 Global Multi-Sector's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Global Multi-Sector's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Virtus Global Multi-Sector's Cash-to-Debt falls into.



Virtus Global Multi-Sector 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 Global Multi-Sector's Cash to Debt Ratio for the fiscal year that ended in Nov. 2023 is calculated as:

Virtus Global Multi-Sector's Cash to Debt Ratio for the quarter that ended in Nov. 2023 is calculated as:

* 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.


Virtus Global Multi-Sector  (NYSE:VGI) 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 Global Multi-Sector Cash-to-Debt Related Terms

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


Virtus Global Multi-Sector (Virtus Global Multi-Sector) Business Description

Traded in Other Exchanges
N/A
Address
101 Munson Street, Greenfield, MA, USA, 01301-9683
Virtus Global Multi-Sector Inc is a United States-based diversified, closed-end management investment company. Its investment objective is to maximize current income while preserving capital. The Fund seeks to achieve its investment objectives by capitalizing on opportunities across undervalued areas of the global bond markets.
Executives
Mcdaniel Connie D director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Sarah E Cogan director 1633 BROADWAY, NEW YORK NY 10019
F Ford Drummond director 100 N BROADWAY, OKLAHOMA CITY OK 73102
Deborah A Decotis director 1633 BROADWAY, NEW YORK NY 10019
Richard W Smirl officer: EVP C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
R Keith Walton director 100 PEARL STREET, HARTFORD CT 06103
John R Mallin director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Sidney E Harris 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
Donald C Burke director C/O BLACKROCK FINANCIAL MANAGEMENT, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Brian T Zino director 100 PARK AVENUE, NEW YORK NY 10017
Rogers James B Jr director 14 WESLEY STREET, HAMILTON D0 HM11
James M Oates director C/O INVESTORS FINANCIAL SERVICES CORP, 200 CLARENDON ST, BOSTON MA 02116
Thomas F. Mann director 125 EAST ELM STREET, SUITE 200, CONSHOHOCKEN PA 19428
Benjamin Caron other: Officer of the Sub-Adviser C/O NEWFLEET ASSET MANAGEMENT, LLC, 100 PEARL STREET, HARTFORD CT 06103