Eaton Vance Tax-Advantaged Dividend Income Fund Balance Sheet Health
Financial Health criteria checks 3/6
Eaton Vance Tax-Advantaged Dividend Income Fund has a total shareholder equity of $1.6B and total debt of $447.0M, which brings its debt-to-equity ratio to 27.8%. Its total assets and total liabilities are $2.1B and $451.5M respectively. Eaton Vance Tax-Advantaged Dividend Income Fund's EBIT is $61.5M making its interest coverage ratio 2.5. It has cash and short-term investments of $100.1K.
Key information
27.8%
Debt to equity ratio
US$447.00m
Debt
| Interest coverage ratio | 2.5x |
| Cash | US$100.12k |
| Equity | US$1.61b |
| Total liabilities | US$451.54m |
| Total assets | US$2.06b |
Recent financial health updates
No updates
Recent updates
EVT: Discount At A 'Buy' Level
Feb 13EVT: Solid CEF For Those Willing To Sacrifice Some Total Return For A Lot Of Income
Jan 30EVT: May Underperform In Current Environment, But Conservative Strategy Is Nice
Nov 07EVT: Discount Opens Up Opportunity For Long-Term Income Investors
Sep 01EVT: Earn Needed Income With This High-Yielding CEF
Jul 06EVT: This 7.47%-Yielding CEF Is A Reasonable Buy Today
Jan 31Eaton Vance Tax-Advantaged Dividend Income Fund declares $0.1488 dividend
Jan 05Eaton Vance Tax-Advantaged Dividend Income Fund dividend declines by 8.5% to $0.1488
Nov 04EVT: Reasonable Strategy For Today's Economy But Wait For A Price Drop
Oct 27Eaton Vance Tax-Advantaged Dividend Income Fund declares $0.1626 dividend
Oct 06Eaton Vance Tax-Advantaged Dividend Income Fund declares $0.1626 dividend
Sep 02EVT: Russell 1000 CEF, 7.4% Dividend Yield
Aug 11EVT: Monthly Distribution, Financial Overweight
Jul 28Eaton Vance Tax-Advantaged Dividend Income Fund declares $0.1626 dividend
Jul 06EVT: A Solid Fund For The Long Term
May 04EVT: 6.68% Distribution Yield With A Solid Portfolio
Jan 10Evaluating CEFs: EVT Is A Good Value Even With Conservative Distribution Increases
Sep 28EVT: This 6.2% Yielding CEF Enjoys Very Strong Finances
Jul 10Eaton Vance Tax-Advantaged Dividend Income Fund declares $0.145 dividend
May 07Eaton Vance Tax-Advantaged Dividend Income Fund declares $0.145 dividend
Feb 04Monthly 7.7% Yield, 7% Discount: Eaton Vance Tax-Advantaged Dividend Income Fund
Nov 27Eaton Vance Tax-Advantaged Dividend Income Fund declares $0.145 dividend
Nov 04Financial Position Analysis
Short Term Liabilities: EVT's short term assets ($6.6M) exceed its short term liabilities ($4.5M).
Long Term Liabilities: EVT's short term assets ($6.6M) do not cover its long term liabilities ($447.0M).
Debt to Equity History and Analysis
Debt Level: EVT's net debt to equity ratio (27.8%) is considered satisfactory.
Reducing Debt: EVT's debt to equity ratio has increased from 25.3% to 27.8% over the past 5 years.
Debt Coverage: EVT's debt is well covered by operating cash flow (30.5%).
Interest Coverage: EVT's interest payments on its debt are not well covered by EBIT (2.5x coverage).