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
ACP: Strong Sell Despite 17% Distribution Rate
Jan 03ACP: About To Get Larger Again (Rating Downgrade)
Oct 25ACP Vs. FCO: Comparing Abrdn's 14% And 17% Yielding Credit Funds
Sep 06abrdn Income Credit Strategies Fund declares $0.10 dividend
Feb 10ACP: Time To Take Some Profits On This 15% Yielding CEF
Jan 30Aberdeen Income Credit Strategies Fund goes ex dividend on monday
Jan 20Aberdeen Income Credit Strategies Fund declares $0.10 dividend
Dec 12ACP: High Yield From International Sources
Dec 06Aberdeen Income Credit Strategies Fund declares $0.10 dividend
Nov 10Aberdeen Income Credit Strategies Fund goes ex dividend tomorrow
Oct 20ACP: 30% Return In 2 Years If You Can Stomach Volatility
Sep 20Aberdeen Income Credit Strategies Fund: High Yield, High Risk, Diversified Bond CEF
Aug 11ACP - Still A Sell At These Levels
Mar 10ACP Has Been Good To Us; Now It's Time To Say Good-Bye
Jan 11Credit Investing (Part 2): Focus On ACP And FCT
Sep 23ACP: Rights Offering Post-Mortem
Jul 01ACP: Rights Offering Analysis
May 28Aberdeen Income Credit Strategies Fund declares $0.10 dividend
May 10Aberdeen Income Credit Strategies Fund launches preferred shares offering
Apr 28Aberdeen Income Credit Strategies Fund declares $0.10 dividend
Jan 12Aberdeen Income Credit Strategies Fund declares $0.10 dividend
Dec 09Financial Position Analysis
Short Term Liabilities: ACP's short term assets ($11.1M) exceed its short term liabilities ($1.2M).
Long Term Liabilities: ACP's short term assets ($11.1M) do not cover its long term liabilities ($105.0M).
Debt to Equity History and Analysis
Debt Level: ACP's net debt to equity ratio (27.6%) is considered satisfactory.
Reducing Debt: ACP's debt to equity ratio has reduced from 45.1% to 27.6% over the past 5 years.
Debt Coverage: ACP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ACP's interest payments on its debt are well covered by EBIT (4.6x coverage).