Vanguard Total Bond Market Index Fund Institutional Shares VBTIX NASDAQ

NASDAQ • Financial Services • Asset Management - Bonds • US • USD

SharesGrow Score

70/100

3/6 Pass

SharesGrow Intrinsic Value

N/A

Negative cash flow

Income Statement Balance Sheet Cash Flow Statement

Annual Quarterly

Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) generated $129.08M in operating cash flow for quarter ending 2023-12-31. After capital expenditures of $25.43M, free cash flow was $103.65M.

Free cash flow margin was 7.3% of revenue. Cash conversion ratio was 2.81x, indicating earnings are backed by cash.

The company returned $99.79M in dividends to shareholders during the quarter.

Criteria supported by this page:

HEALTH (50/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
MOAT (49/100, Partial) — cash flow generation is present but not at levels indicating a wide moat
INCOME (30/100) — Cash conversion ratio was 2.81x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 68/100 with 3/7 criteria passed.

SharesGrow 7-Criteria Score

70/100

SG Score

View full scorecard →

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VALUE

100/100

Price-to-Earnings & upside

→ Valuation

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FUTURE

N/A

No coverage

✓

PAST

100/100

→ Income

HEALTH

50/100

Debt-to-Equity & liquidity

Proven by this page

MOAT

49/100

Proven by this page

✓

GROWTH

90/100

→ Income

✗

INCOME

30/100

→ Income

Vanguard Total Bond Market Index Fund Institutional Shares Cash Flow History

Metric	TTM	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023
Operating Cash Flow	$224.21M	$129.08M	$-51.82M	$56.99M	$89.95M
Capital Expenditure	$-90.67M	$-25.43M	$-13.05M	$-25.94M	$-26.25M
Free Cash Flow	$133.54M	$103.65M	$-64.87M	$31.06M	$63.7M