New America High Income Fund Balance Sheet Health
Financial Health criteria checks 3/6
New America High Income Fund has a total shareholder equity of $193.8M and total debt of $84.0M, which brings its debt-to-equity ratio to 43.3%. Its total assets and total liabilities are $279.7M and $85.9M respectively. New America High Income Fund's EBIT is $16.7M making its interest coverage ratio 3.3. It has cash and short-term investments of $573.0K.
Key information
43.3%
Debt to equity ratio
US$84.00m
Debt
Interest coverage ratio | 3.3x |
Cash | US$573.00k |
Equity | US$193.78m |
Total liabilities | US$85.94m |
Total assets | US$279.72m |
Recent financial health updates
No updates
Recent updates
HYB: Attractive Valuation And Providing Monthly Income
Mar 26HYB: Buy The Wide 14% Discount
Dec 29HYB: Attractively Priced For High-Yield Exposure
Oct 03HYB: An Attractive Discount On This High Yield Fund
Jun 12HYB: Revisiting This High Yield CEF After The Dividend Cut
May 30New America High Income Fund declares $0.05 dividend
Dec 16New America High Income Fund declares $0.05 dividend
Nov 02New America High Income Fund declares $0.05 dividend
Oct 03HYB: Fully Covered 8.53% Distribution Yield
Sep 15New America High Income Fund declares $0.05 dividend
Sep 01New America High Income Fund declares $0.05 dividend
Aug 01HYB: High Yield Panic Mode Is A Buy Signal
Jun 17HYI And HYB: 2 High Yield Bond Funds Worth A Look
Apr 20HYB - Moving From Bearish To Neutral
Dec 22HYB - A Nice Sell Signal
Oct 28HYB: High Yield Fund At An Attractive Discount
Sep 13New America High Income Fund declares $0.05 dividend
May 03New America High Income Fund declares $0.05 monthly and $0.095 special dividend
Dec 18New America High Income Fund declares $0.05 dividend
Dec 01New America High Income Fund declares $0.05 dividend
Nov 02Financial Position Analysis
Short Term Liabilities: HYB's short term assets ($5.6M) do not cover its short term liabilities ($85.9M).
Long Term Liabilities: HYB has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: HYB's net debt to equity ratio (43.1%) is considered high.
Reducing Debt: HYB's debt to equity ratio has reduced from 43.8% to 43.3% over the past 5 years.
Debt Coverage: HYB's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: HYB's interest payments on its debt are well covered by EBIT (3.3x coverage).