Abrdn Japan Equity Fund Balance Sheet Health
Financial Health criteria checks 4/6
Abrdn Japan Equity Fund has a total shareholder equity of $83.1M and total debt of $10.0M, which brings its debt-to-equity ratio to 12.1%. Its total assets and total liabilities are $93.3M and $10.2M respectively. Abrdn Japan Equity Fund's EBIT is $711.5K making its interest coverage ratio 8.3. It has cash and short-term investments of $373.3K.
Key information
12.1%
Debt to equity ratio
US$10.04m
Debt
Interest coverage ratio | 8.3x |
Cash | US$373.29k |
Equity | US$83.09m |
Total liabilities | US$10.18m |
Total assets | US$93.27m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: JEQ's short term assets ($1.5M) do not cover its short term liabilities ($10.2M).
Long Term Liabilities: JEQ has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: JEQ's net debt to equity ratio (11.6%) is considered satisfactory.
Reducing Debt: JEQ's debt to equity ratio has increased from 0% to 12.1% over the past 5 years.
Debt Coverage: JEQ's debt is well covered by operating cash flow (38%).
Interest Coverage: JEQ's interest payments on its debt are well covered by EBIT (8.3x coverage).