Flaherty & Crumrine Preferred Securities Income Fund Balance Sheet Health
Financial Health criteria checks 1/6
Flaherty & Crumrine Preferred Securities Income Fund has a total shareholder equity of $731.3M and total debt of $502.0M, which brings its debt-to-equity ratio to 68.6%. Its total assets and total liabilities are $1.2B and $505.5M respectively.
Key information
68.6%
Debt to equity ratio
US$502.00m
Debt
| Interest coverage ratio | 2.7x |
| Cash | n/a |
| Equity | US$731.28m |
| Total liabilities | US$505.50m |
| Total assets | US$1.24b |
Recent financial health updates
No updates
Recent updates
FFC: Leveraged Bank Preferred Equity In Need Of Lower Rates
Apr 08FFC: Portfolio Assets Appear Overpriced, Some Profit-Taking Could Be Smart
Feb 02FFC: Better Yields Can Be Obtained Elsewhere
Nov 15FFC: A High-Yielding Fixed-Income Fund With A Huge Discount
Sep 10FFC: Understanding The Plunge, Staying On The Sidelines
Jun 30FFC: Solid Preferred Stock Fund But Too Much Duration For My Outlook
Feb 08Flaherty & Crumrine Preferred and Income Securities Fund Incorporated decreases dividend by -7% to $0.093/share
Jan 20FFC: Reasonable Investment Thesis But May Be Best To Wait Out Fed Policy
Dec 27Flaherty & Crumrine Preferred and Income Securities Fund Incorporated declares $0.10 dividend
Dec 09FFC: 6 Month Checkup On This Popular Preferred Stock CEF
Oct 23FFC: Deep Discount Appears
Oct 17Flaherty & Crumrine Preferred and Income Securities Fund Incorporated goes ex dividend tomorrow
Aug 22FFC And FLC: Preferred Funds That Hit The Spot
Jul 29HPI Vs. FFC: Similar Results Despite The Differences
Apr 06FFC: Reliable Preferred Stock CEF With A Normalizing Premium
Feb 08FFC: Preferred Share Fund Gets Cheaper After Distribution Cut
Dec 18Time To Swap Finally To Flaherty Preferreds And Capture Relative Value?
Sep 10FFC: Preferred Fund Offered From The Preferrable Fund Sponsor
Jul 28FFC: Still Priced For Significant Underperformance
Jun 01FFC: Solid Yield, But Too Expensive
Dec 20Flaherty & Crumrine Preferred And Income Securities Fund: Money In The Bank
Dec 18Flaherty & Crumrine Preferred and Income Securities Fund Incorporated declares $0.129 dividend
Dec 10Financial Position Analysis
Short Term Liabilities: FFC's short term assets ($12.5M) exceed its short term liabilities ($3.5M).
Long Term Liabilities: FFC's short term assets ($12.5M) do not cover its long term liabilities ($502.0M).
Debt to Equity History and Analysis
Debt Level: FFC's net debt to equity ratio (68.6%) is considered high.
Reducing Debt: FFC's debt to equity ratio has increased from 56.4% to 68.6% over the past 5 years.
Debt Coverage: FFC's debt is not well covered by operating cash flow (10%).
Interest Coverage: FFC's interest payments on its debt are not well covered by EBIT (2.7x coverage).