AllianceBernstein National Municipal Income Fund Balance Sheet Health
Financial Health criteria checks 1/6
AllianceBernstein National Municipal Income Fund has a total shareholder equity of $311.7M and total debt of $232.0M, which brings its debt-to-equity ratio to 74.4%. Its total assets and total liabilities are $545.2M and $233.6M respectively. AllianceBernstein National Municipal Income Fund's EBIT is $21.1M making its interest coverage ratio 2.2. It has cash and short-term investments of $102.0.
Key information
74.4%
Debt to equity ratio
US$231.98m
Debt
| Interest coverage ratio | 2.2x |
| Cash | US$102.00 |
| Equity | US$311.65m |
| Total liabilities | US$233.57m |
| Total assets | US$545.22m |
Recent financial health updates
No updates
Recent updates
Alliance Bernstein National Municipal Income declares $0.0327 dividend
Feb 22AllianceBernstein National Municipal Income declares $0.0327 dividend
Jan 25AllianceBernstein National Municipal Income declares $0.0327 dividend
Dec 28AllianceBernstein National Municipal Income declares $0.0448 dividend
Oct 25AllianceBernstein National Municipal Income declares $0.0447 dividend
Sep 27AllianceBernstein National Municipal Income declares $0.0448 dividend
Aug 23AllianceBernstein National Municipal Income goes ex-dividend tomorrow
Jul 06AllianceBernstein National Municipal Income declares $0.0533 dividend
Apr 26AllianceBernstein National Municipal Income declares $0.05326 dividend
Dec 28AllianceBernstein National Municipal Income declares $0.05326 dividend
Nov 23Financial Position Analysis
Short Term Liabilities: AFB's short term assets ($8.5M) exceed its short term liabilities ($1.6M).
Long Term Liabilities: AFB's short term assets ($8.5M) do not cover its long term liabilities ($232.0M).
Debt to Equity History and Analysis
Debt Level: AFB's net debt to equity ratio (74.4%) is considered high.
Reducing Debt: AFB's debt to equity ratio has increased from 34% to 74.4% over the past 5 years.
Debt Coverage: AFB's debt is not well covered by operating cash flow (8.5%).
Interest Coverage: AFB's interest payments on its debt are not well covered by EBIT (2.2x coverage).