DNP Select Income Fund Balance Sheet Health
Financial Health criteria checks 2/6
DNP Select Income Fund has a total shareholder equity of $2.7B and total debt of $1.1B, which brings its debt-to-equity ratio to 41.1%. Its total assets and total liabilities are $3.8B and $1.1B respectively. DNP Select Income Fund's EBIT is $109.6M making its interest coverage ratio 2. It has cash and short-term investments of $44.6M.
Key information
41.1%
Debt to equity ratio
US$1.10b
Debt
| Interest coverage ratio | 2x |
| Cash | US$44.62m |
| Equity | US$2.68b |
| Total liabilities | US$1.14b |
| Total assets | US$3.82b |
Recent financial health updates
No updates
Recent updates
DNP: Unsustainable Strategy In The Higher For Longer Environment
Apr 29DNP: 3 Reasons We Are Moving Back To A Sell For This Utility Fund
Mar 04DNP: Remain Neutral On Fund Valuations
Dec 21DNP: Rising Rates Pressure NII But Still Expensive
Nov 10DNP: Risk Management Always Pays Off
Sep 07DNP: Top 10 Big-Yield CEFs
Jul 18DNP Vs. UTG: 2 Solid Long-Term Infrastructure Income Plays
Jun 30DPG And DNP: Big Distribution Cut From One, Warning For The Other
Jun 20DNP: A Golden Utilities CEF, Currently Extremely Overpriced
Jan 20DNP Select Income Fund declares $0.065 dividend
Dec 15DNP: Excellent Income Fund But Best To Sit On The Sidelines
Dec 09DNP And UTG: A Switch Makes Sense
Oct 04DNP Select Income Fund declares $0.065 dividend
Sep 22DNP: Utility Sector Valuations At Extremes
Sep 03DNP: The Enigma Running Out Of Room To Sustain The Distribution
Jun 20Evaluating Closed-End Funds: DNP Should Do Well With Rising Rates
Apr 16DNP: Reduce Market Volatility With A Defensive Utilities Fund
Jan 28DNP: A High-Yield CEF With Time-Tested Distributions
Oct 22Evaluating CEFs: DNP Offers Stable Income With No Drama
Aug 10DNP: Strong Utilities CEF, 7.3% Distribution Yield, Market-Beating NAV Returns
Jun 29DNP: The 7.50% Yield Is Nice But The Fund Looks Overpriced
Jun 20DNP: The Most Steady Monthly Payer, 7.47% Yield
Dec 23DNP Select Income Fund declares $0.065 dividend
Dec 18Financial Position Analysis
Short Term Liabilities: DNP's short term assets ($62.1M) exceed its short term liabilities ($32.1M).
Long Term Liabilities: DNP's short term assets ($62.1M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: DNP's net debt to equity ratio (39.5%) is considered satisfactory.
Reducing Debt: DNP's debt to equity ratio has increased from 37.5% to 41.1% over the past 5 years.
Debt Coverage: DNP's debt is not well covered by operating cash flow (15.8%).
Interest Coverage: DNP's interest payments on its debt are not well covered by EBIT (2x coverage).