Flaherty & Crumrine Total Return Fund Balance Sheet Health
Financial Health criteria checks 1/6
Flaherty & Crumrine Total Return Fund has a total shareholder equity of $170.7M and total debt of $118.5M, which brings its debt-to-equity ratio to 69.4%. Its total assets and total liabilities are $290.1M and $119.5M respectively.
Key information
69.4%
Debt to equity ratio
US$118.50m
Debt
| Interest coverage ratio | 2.6x |
| Cash | n/a |
| Equity | US$170.69m |
| Total liabilities | US$119.45m |
| Total assets | US$290.15m |
Recent financial health updates
No updates
Recent updates
FLC: Deep Discount And Better Outlook Lead To Opportunity
Feb 23FLC: This Fund May Not Be Able To Sustain Its Recent Gains (Rating Downgrade)
Jan 10FLC: Higher Rates Continue To Pressure Preferreds But Discount Offers Potential
Oct 19FLC: High-Risk, High-Reward Yield Play With This Preferred Stock CEF
Sep 27PFD Vs. FLC: Outlook For Preferred CEFs
May 28FLC: Valuation Looking Attractive
Feb 10Flaherty&Crumrine/Claymore Total Return Fund decreases monthly dividend by -7.7% to $0.0955/share
Jan 20Flaherty&Crumrine/Claymore Total Return Fund declares $0.1035 dividend
Dec 09Flaherty&Crumrine/Claymore Total Return Fund goes ex-dividend tomorrow
Oct 20Flaherty&Crumrine/Claymore Total Return Fund goes ex-dividend tomorrow
Sep 21Flaherty&Crumrine/Claymore Total Return Fund goes ex-dividend tomorrow
Aug 22FLC: Looking Like A Solid Buy These Days
May 05FLC - Preferred Securities Portfolio With A 7.14% Yield
Feb 01FLC: Valuation Comes Back Down To A More Attractive Level
Jan 01FLC: Distribution Secure For Another Quarter, A Relative Value
Aug 15Flaherty&Crumrine/Claymore Total Return Fund declares $0.132 dividend
Dec 10Financial Position Analysis
Short Term Liabilities: FLC's short term assets ($3.2M) exceed its short term liabilities ($953.7K).
Long Term Liabilities: FLC's short term assets ($3.2M) do not cover its long term liabilities ($118.5M).
Debt to Equity History and Analysis
Debt Level: FLC's net debt to equity ratio (69.4%) is considered high.
Reducing Debt: FLC's debt to equity ratio has increased from 56.7% to 69.4% over the past 5 years.
Debt Coverage: FLC's debt is not well covered by operating cash flow (9.7%).
Interest Coverage: FLC's interest payments on its debt are not well covered by EBIT (2.6x coverage).