Abrdn Income Credit Strategies Fund Balance Sheet Health
Financial Health criteria checks 4/6
Abrdn Income Credit Strategies Fund has a total shareholder equity of $379.8M and total debt of $105.0M, which brings its debt-to-equity ratio to 27.6%. Its total assets and total liabilities are $486.1M and $106.2M respectively. Abrdn Income Credit Strategies Fund's EBIT is $31.0M making its interest coverage ratio 4.6. It has cash and short-term investments of $21.5K.
Key information
27.6%
Debt to equity ratio
US$105.00m
Debt
Interest coverage ratio | 4.6x |
Cash | US$21.51k |
Equity | US$379.84m |
Total liabilities | US$106.23m |
Total assets | US$486.07m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ACP.PRA's short term assets ($11.1M) exceed its short term liabilities ($1.2M).
Long Term Liabilities: ACP.PRA's short term assets ($11.1M) do not cover its long term liabilities ($105.0M).
Debt to Equity History and Analysis
Debt Level: ACP.PRA's net debt to equity ratio (27.6%) is considered satisfactory.
Reducing Debt: ACP.PRA's debt to equity ratio has reduced from 45.1% to 27.6% over the past 5 years.
Debt Coverage: ACP.PRA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ACP.PRA's interest payments on its debt are well covered by EBIT (4.6x coverage).