Eagle Point Credit Balance Sheet Health
Financial Health criteria checks 4/6
Eagle Point Credit has a total shareholder equity of $735.8M and total debt of $204.6M, which brings its debt-to-equity ratio to 27.8%. Its total assets and total liabilities are $954.5M and $218.7M respectively. Eagle Point Credit's EBIT is $101.8M making its interest coverage ratio 6.6. It has cash and short-term investments of $46.4M.
Key information
27.8%
Debt to equity ratio
US$204.65m
Debt
| Interest coverage ratio | 6.6x |
| Cash | US$46.45m |
| Equity | US$735.78m |
| Total liabilities | US$218.72m |
| Total assets | US$954.49m |
Recent financial health updates
No updates
Recent updates
Eagle Point Credit: Earn A High Yield From CLOs
Apr 03I'm Betting On America With 17% Yields: ECC Year-End Update
Mar 12I'm Betting On America With Another 17% Yielder: ECC
Feb 01Eagle Point Credit: Where This 17.2% Yield Might Fit Into Your Portfolio
Jan 08Worried About A Recession? Time To Maximize Your Income: ECC
Dec 11Eagle Point Credit Presents Financial Strength With A Solid Technical Perspective
Nov 18ECC: Avoid The Riskiest Part Of The CLO Structure (Rating Downgrade)
Nov 01ECC And OXLC: Climbing The CLO Learning Curve
Oct 17Wake Up And Smell The Cash Flow: ECC Yield 17%
Sep 28Eagle Point Credit: Appealing NAV Price And Solid Performance
Sep 18Eagle Point Credit: Analyzing Q2 2023 Earnings Results
Aug 15Earn 17% Betting On America: Eagle Point Credit
Jul 04Eagle Point Credit Q4 2022 Earnings Preview
Feb 21Eagle Point Credit Company Is Not Suitable For (Most) Retirees Today
Feb 01ECC: Chasing A Double-Digit Yield Paid Monthly
Jan 15Eagle Point Credit goes ex dividend tomorrow
Jan 09Eagle Point Credit, 'Reading The Tea Leaves' In Its Monthly Report
Nov 11OXLC And ECC: Highlighting CLO Equity CEF Misconceptions
Oct 31ECC: The 2 Big Hurdles To Good Returns
Oct 172008 Vs. 2022: The CLO Industry - Eagle Point Credit CEO Tom Majewski
Oct 11Eagle Point Credit: 16% Yield, 6% Discount, Monthly Payer
Oct 02ECC And OXLC: Watch High Yield Spreads For Signal To Buy
Aug 27Eagle Point Credit NII of $0.43 beats by $0.06
Aug 16ECC: The Story Of 1% Total Annual Returns For 5 Years
Jul 25Eagle Point Credit: 13% Yield, Monthly Payer, Strong Q1 2022, Low Premium To NAV
Jun 03Eagle Point Credit Company: Examining The Fund Amidst Market Turmoil
May 24Eagle Point Credit Company: The Top Of The Risk Pyramid
Oct 07Eagle Point raises additional $3.4M as underwriters buy shares in preferred stock offering
Jun 21Why I Have Been Buying Eagle Point Credit Company
Jan 05Eagle Point Credit Company Inc. 2020 Q3 - Results - Earnings Call Presentation
Nov 17Eagle Point Credit declares $0.08 dividend
Nov 13Financial Position Analysis
Short Term Liabilities: ECC's short term assets ($83.8M) exceed its short term liabilities ($14.1M).
Long Term Liabilities: ECC's short term assets ($83.8M) do not cover its long term liabilities ($204.6M).
Debt to Equity History and Analysis
Debt Level: ECC's net debt to equity ratio (21.5%) is considered satisfactory.
Reducing Debt: ECC's debt to equity ratio has reduced from 64.2% to 27.8% over the past 5 years.
Debt Coverage: ECC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ECC's interest payments on its debt are well covered by EBIT (6.6x coverage).