Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Balance Sheet Health
Financial Health criteria checks 4/6
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund has a total shareholder equity of $74.9M and total debt of $27.6M, which brings its debt-to-equity ratio to 36.8%. Its total assets and total liabilities are $104.7M and $29.9M respectively. Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund's EBIT is $5.8M making its interest coverage ratio 3.3. It has cash and short-term investments of $2.2M.
Key information
36.8%
Debt to equity ratio
US$27.55m
Debt
| Interest coverage ratio | 3.3x |
| Cash | US$2.18m |
| Equity | US$74.89m |
| Total liabilities | US$29.86m |
| Total assets | US$104.75m |
Recent financial health updates
No updates
Recent updates
MFD: A Nice Infrastructure CEF With International Exposure
Aug 18Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund declares $0.20 dividend
Feb 13Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund declares $0.20 dividend
Nov 11Evaluating CEFs: MFD Lacks Long-Term Coverage Of Generous Distribution
Jun 22Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund declares $0.20 dividend
May 10Financial Position Analysis
Short Term Liabilities: MFD's short term assets ($2.7M) do not cover its short term liabilities ($29.9M).
Long Term Liabilities: MFD's short term assets ($2.7M) exceed its long term liabilities ($2.8K).
Debt to Equity History and Analysis
Debt Level: MFD's net debt to equity ratio (33.9%) is considered satisfactory.
Reducing Debt: MFD's debt to equity ratio has reduced from 42.6% to 36.8% over the past 5 years.
Debt Coverage: MFD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MFD's interest payments on its debt are well covered by EBIT (3.3x coverage).