Calamos Convertible and High Income Fund Balance Sheet Health
Financial Health criteria checks 2/6
Calamos Convertible and High Income Fund has a total shareholder equity of $724.8M and total debt of $484.8M, which brings its debt-to-equity ratio to 66.9%. Its total assets and total liabilities are $1.2B and $490.0M respectively.
Key information
66.9%
Debt to equity ratio
US$484.75m
Debt
| Interest coverage ratio | 0.6x |
| Cash | n/a |
| Equity | US$724.82m |
| Total liabilities | US$490.02m |
| Total assets | US$1.21b |
Recent financial health updates
No updates
Recent updates
CHY: A Convertible Fund With Strong Track Record, Double-Digit Premium
Mar 06Calamos Convertible & High Income Fund declares $0.10 dividend
Sep 02Calamos Convertible & High Income Fund declares $0.10 dividend
Aug 02Calamos Convertible & High Income Fund declares $0.10 dividend
Jul 05CHY: Strong Performance And An 8%+ Distribution Yield
Feb 05CHY: A Monthly Paying Convertible Fund Worth Owning, 7.37% Distribution Yield
Sep 05Calamos Convertible & High Income Fund declares $0.10 dividend
Feb 01CHY: Solid Track Record And Attractive Discount
Dec 08Calamos Convertible & High Income Fund declares $0.085 dividend
Dec 02Financial Position Analysis
Short Term Liabilities: CHY's short term assets ($30.5M) exceed its short term liabilities ($3.4M).
Long Term Liabilities: CHY's short term assets ($30.5M) do not cover its long term liabilities ($486.6M).
Debt to Equity History and Analysis
Debt Level: CHY's net debt to equity ratio (66.9%) is considered high.
Reducing Debt: CHY's debt to equity ratio has increased from 52.6% to 66.9% over the past 5 years.
Debt Coverage: CHY's debt is well covered by operating cash flow (22.3%).
Interest Coverage: CHY's interest payments on its debt are not well covered by EBIT (0.6x coverage).