First Trust Senior Floating Rate Income Fund II Balance Sheet Health

Financial Health criteria checks 4/6

First Trust Senior Floating Rate Income Fund II has a total shareholder equity of $288.7M and total debt of $68.0M, which brings its debt-to-equity ratio to 23.6%. Its total assets and total liabilities are $366.6M and $78.0M respectively. First Trust Senior Floating Rate Income Fund II's EBIT is $26.0M making its interest coverage ratio 7.3. It has cash and short-term investments of $5.8M.

Key information

23.6%

Debt to equity ratio

US$68.00m

Debt

Interest coverage ratio	7.3x
Cash	US$5.80m
Equity	US$288.68m
Total liabilities	US$77.96m
Total assets	US$366.64m

Recent financial health updates

No updates

Recent updates

First Trust Senior Floating Rate Income Fund II declares goes ex dividend tomorrow

Jul 29

FCT: Senior Loan Floating Rate Funds Make Sense Now

May 23

First Trust Senior Floating Rate Income Fund II declares $0.0976 dividend

Jun 21

First Trust Senior Floating Rate Income Fund II declares $0.105 dividend

Dec 21

First Trust Senior Floating Rate Income Fund II declares $0.105 dividend

Nov 19

Financial Position Analysis

Short Term Liabilities: FCT's short term assets ($10.7M) do not cover its short term liabilities ($78.0M).

Long Term Liabilities: FCT's short term assets ($10.7M) exceed its long term liabilities ($6.2K).

Debt to Equity History and Analysis

Debt Level: FCT's net debt to equity ratio (21.5%) is considered satisfactory.

Reducing Debt: FCT's debt to equity ratio has reduced from 42.6% to 23.6% over the past 5 years.

Debt Coverage: FCT's debt is not well covered by operating cash flow (15.2%).

Interest Coverage: FCT's interest payments on its debt are well covered by EBIT (7.3x coverage).

First Trust Senior Floating Rate Income Fund II Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Recent updates

First Trust Senior Floating Rate Income Fund II Declares Monthly Common Share Distribution for May 2024, Payable on May 15, 2024

FCT: 11% Yield, Monthly Payer

First Trust Senior Floating Rate Income Fund II Declares Its Monthly Common Share Distribution for April 2024, Payable on April 15, 2024

First Trust Senior Floating Rate Income Fund II Declares Monthly Distribution, Payable on March 15, 2024

First Trust Senior Floating Rate Income Fund II Declares Its Monthly Common Share Distribution for February Payable on February 15, 2024

FCT: Protect Your Recent Gains And Boost Your Income With This Floater Fund

FCT: Low Leverage Floating Rate Loan Fund, 11% Yield (Rating Upgrade)

First Trust Senior Floating Rate Income Fund II Declares Distribution for October, Payable on October 16, 2023

First Trust Senior Floating Rate Income Fund II Appoints Bronwyn Wright as A Class III Trustee, Member of Audit Committee, Valuation Committee and the Nominating and Governance Committee

First Trust Senior Floating Rate Income Fund Ii Declares Regular Common Share Dividend , Payable on September 15, 2023

First Trust Senior Floating Rate Income Fund II, First Trust High Yield Opportunities 2027 Term Fund, Annual General Meeting, Sep 11, 2023

Press Release: First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution, Payable on July 17, 2023

FCT: Low Leverage Floating Loan CEF, 8.2% Yield

First Trust Senior Floating Rate Income Fund II Declares Regularly Scheduled Monthly Common Share Distribution, Payable on February 15, 2023

First Trust Senior Floating Rate Income Fund II declares $0.0695 dividend

First Trust Senior Floating Rate Income Fund II Declares Regularly Scheduled Monthly Common Share Distribution, Payable on January 17, 2023

First Trust Senior Floating Rate Income Fund II declares $0.0695 dividend

First Trust Senior Floating Rate Income Fund Ii Declares Monthly Common Share Distribution for December 2022, Payable on December 15, 2022

First Trust Senior Floating Rate Income Fund II Declares Monthly Common Share Distribution for November 2022, Payable on November 15, 2022

First Trust Senior Floating Rate Income Fund II goes ex-dividend on Monday

First Trust Senior Floating Rate Income Fund II Declares Monthly Common Share Distribution for October, Payable on October 17, 2022

First Trust Senior Floating Rate Income Fund II Decreases Regularly Scheduled Monthly Common Share Distribution, Payable on September 15, 2022

First Trust Senior Floating Rate Income Fund II declares $0.072 dividend

First Trust High Yield Opportunities 2027 Term Fund, First Trust Senior Floating Rate Income Fund II, Annual General Meeting, Sep 19, 2022

First Trust Senior Floating Rate Income Fund II declares goes ex dividend tomorrow

First Trust Senior Floating Rate Income Fund Ii Declares Its Monthly Common Share Distribution for August, Payable on August 15, 2022

First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution for July, Payable on July 15, 2022

First Trust Senior Floating Rate Income Fund II Declares Monthly Distribution, Payable on June 15, 2022

FCT: Senior Loan Floating Rate Funds Make Sense Now

First Trust Senior Floating Rate Income Fund II Declares Its Monthly Common Share Distribution Payable on May 16, 2022

First Trust Senior Floating Rate Income Fund II Declares Monthly Common Share Distribution, Payable on March 15, 2022

First Trust Senior Floating Rate Income Fund II declares $0.0976 dividend

First Trust Senior Floating Rate Income Fund II Declares Common Share Distribution for June 2021, Payable on June 15, 2021

First Trust Senior Floating Rate Income Fund II declares $0.105 dividend

First Trust Senior Floating Rate Income Fund II declares $0.105 dividend

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet