Eaton Vance Floating-Rate Income Trust Balance Sheet Health
Financial Health criteria checks 2/6
Eaton Vance Floating-Rate Income Trust has a total shareholder equity of $344.8M and total debt of $200.0M, which brings its debt-to-equity ratio to 58%. Its total assets and total liabilities are $571.8M and $227.0M respectively. Eaton Vance Floating-Rate Income Trust's EBIT is $51.8M making its interest coverage ratio 4.1. It has cash and short-term investments of $8.3M.
Key information
58.0%
Debt to equity ratio
US$199.99m
Debt
Interest coverage ratio | 4.1x |
Cash | US$8.27m |
Equity | US$344.80m |
Total liabilities | US$226.96m |
Total assets | US$571.76m |
Recent financial health updates
No updates
Recent updates
EFT: A Good Floater Fund That Can Be A Hedge Against A 'No Rate Cut' Scenario
Mar 26EFT: Should Work To Protect Against 2024 Market Volatility
Dec 26EFT: Protection Against Interest Rates And A High Yield
Oct 16EFT: A Good 10.86%-Yielding Income Fund For Rising Rates
Aug 07Eaton Vance Floating Rate Income Trust declares $0.104 dividend
Feb 03EFT: This 8.04%-Yielding Debt Fund Is A Winner For Income Investors Today
Jan 25Eaton Vance Floating Rate Income Trust declares $0.078 dividend
Nov 04Eaton Vance Floating Rate Income Trust raises monthly dividend by 0.6% to $0.078 share
Oct 06Eaton Vance Floating Rate Income Trust declares $0.0775 dividend
Sep 02Eaton Vance Floating Rate Income Trust declares $0.0775 dividend
Aug 03Eaton Vance Floating Rate Income Trust declares $0.0775 dividend
Jul 06Eaton Vance Floating Rate Income Trust declares $0.061 dividend
May 07Eaton Vance Floating Rate Income Trust declares $0.06 dividend
Nov 04Financial Position Analysis
Short Term Liabilities: EFT's short term assets ($22.0M) do not cover its short term liabilities ($147.0M).
Long Term Liabilities: EFT's short term assets ($22.0M) do not cover its long term liabilities ($80.0M).
Debt to Equity History and Analysis
Debt Level: EFT's net debt to equity ratio (55.6%) is considered high.
Reducing Debt: EFT's debt to equity ratio has increased from 53.1% to 58% over the past 5 years.
Debt Coverage: EFT's debt is well covered by operating cash flow (39%).
Interest Coverage: EFT's interest payments on its debt are well covered by EBIT (4.1x coverage).