Apollo Tactical Income Fund Balance Sheet Health
Financial Health criteria checks 2/6
Apollo Tactical Income Fund has a total shareholder equity of $213.6M and total debt of $120.9M, which brings its debt-to-equity ratio to 56.6%. Its total assets and total liabilities are $338.2M and $124.6M respectively. Apollo Tactical Income Fund's EBIT is $31.0M making its interest coverage ratio 4.1. It has cash and short-term investments of $15.8M.
Key information
56.6%
Debt to equity ratio
US$120.95m
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$15.82m |
| Equity | US$213.57m |
| Total liabilities | US$124.59m |
| Total assets | US$338.16m |
Recent financial health updates
No updates
Recent updates
Apollo Tactical Income Fund: Use This Tactical Opportunity To Increase Your Income
Apr 15AIF And Credit Funds: Make My Day, Call It 'Junk'
Mar 25AIF: The Opportunity Is Not As Good As It Was, But This Fund Still Makes Sense
Feb 18AIF: A Strong 11.8%-Yielding Loan CEF Performer
Nov 30AIF: This 11.33%-Yielding Alternative Credit Fund Is A Winner
Oct 05Apollo Tactical Income: Top Of The Capital Stack, Paying 11%
Aug 29AIF: 11% Yield From This Loan CEF, On Top Of The Discount
Jul 24Apollo Tactical Income Fund declares $0.122 dividend
Feb 10AIF: Fully Funded Yield But Shrinking NAV
Feb 04Apollo Tactical Income Fund declares $0.122 dividend
Jan 11Apollo Tactical Income Fund raises dividend by 6% to $0.122
Dec 08AIF: Continuing To Perform In A Tough Fixed Income Environment
Nov 12Apollo Tactical Income Fund declares $0.115 dividend
Oct 07Apollo Tactical Income Fund declares $0.11 dividend
Sep 09AIF: Leveraged Loan Fund From Apollo, 8.5% Yield
Jul 13Apollo Tactical Income Fund raises dividend 7.8% to $0.097/share
Jul 05Apollo Tactical Income Fund declares $0.0785 dividend
May 06AIF: Buy Beaten Down Leveraged Loans
Feb 02Apollo Tactical Income Fund declares $0.076 dividend
Jan 04Apollo Tactical Income Fund declares $0.102 special dividend
Dec 21Apollo Tactical Income Fund declares $0.076 dividend
Dec 07Apollo Tactical Income Fund declares $0.068 dividend
Nov 05Financial Position Analysis
Short Term Liabilities: AIF's short term assets ($21.5M) exceed its short term liabilities ($2.9M).
Long Term Liabilities: AIF's short term assets ($21.5M) do not cover its long term liabilities ($121.7M).
Debt to Equity History and Analysis
Debt Level: AIF's net debt to equity ratio (49.2%) is considered high.
Reducing Debt: AIF's debt to equity ratio has increased from 54.3% to 56.6% over the past 5 years.
Debt Coverage: AIF's debt is not well covered by operating cash flow (13.6%).
Interest Coverage: AIF's interest payments on its debt are well covered by EBIT (4.1x coverage).