Apollo Senior Floating Rate Fund Balance Sheet Health
Financial Health criteria checks 3/6
Apollo Senior Floating Rate Fund has a total shareholder equity of $234.1M and total debt of $129.9M, which brings its debt-to-equity ratio to 55.5%. Its total assets and total liabilities are $370.7M and $136.6M respectively. Apollo Senior Floating Rate Fund's EBIT is $33.0M making its interest coverage ratio 4.1. It has cash and short-term investments of $31.9M.
Key information
55.5%
Debt to equity ratio
US$129.90m
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$31.95m |
| Equity | US$234.08m |
| Total liabilities | US$136.60m |
| Total assets | US$370.68m |
Recent financial health updates
No updates
Recent updates
AFT: A Good Fund For Floating Income
Feb 06AFT: A Good Floater If The Market Is Wrong About Rates, Or A Potential Hedge
Nov 22AFT: Senior Loan CEF, Double-Digit Distribution Yield And Discount
Sep 14AFT: Grow Your Income With This 11% Yielding CEF
Sep 07Senior Loans On Sale For 80%; 'Double Discounts' On Closed-End Funds Like AFT And BGX
Jun 28Apollo Senior Floating Rate Fund declares $0.113 dividend
Feb 09Apollo Senior Floating Rate Fund declares $0.108 dividend
Jan 11AFT: Deep Discount Persists, As Do The Distribution Boosts
Dec 21Apollo Senior Floating Rate Fund declares $0.108 dividend
Dec 09Apollo Senior Floating Rate Fund declares $0.105 dividend
Nov 14Apollo Senior Floating Rate Fund raises monthly dividend by 2.9% to $0.105/share
Oct 07AFT: More Distribution Boosts On The Horizon And An Attractive Valuation
Sep 28Apollo Senior Floating Rate Fund raises 20% to $0.102 /shares
Sep 09Apollo Senior Floating Rate Fund raises dividend 8.2% to $0.092/share
Jul 05AFT: A Floating-Rate CEF As A Discount Shrinkage Play
Apr 13AFT: Fight Inflation With This Floating Rate Fund
Jan 25Apollo Senior Floating Rate Fund: Discounted And Distribution Heading In The Right Direction
Nov 03Apollo Senior Floating Rate Fund declares $0.08 dividend
May 06Apollo Senior Floating Rate Fund declares $0.074 dividend
Feb 02Apollo Senior Floating Rate Fund declares $0.074 dividend
Jan 04Apollo Senior Floating Rate Fund declares $0.099 special dividend
Dec 21Apollo Senior Floating Rate Fund declares $0.074 dividend
Dec 07Financial Position Analysis
Short Term Liabilities: AFT's short term assets ($34.4M) exceed its short term liabilities ($6.0M).
Long Term Liabilities: AFT's short term assets ($34.4M) do not cover its long term liabilities ($130.6M).
Debt to Equity History and Analysis
Debt Level: AFT's net debt to equity ratio (41.8%) is considered high.
Reducing Debt: AFT's debt to equity ratio has increased from 55.4% to 55.5% over the past 5 years.
Debt Coverage: AFT's debt is well covered by operating cash flow (21%).
Interest Coverage: AFT's interest payments on its debt are well covered by EBIT (4.1x coverage).