PCM Fund Balance Sheet Health
Financial Health criteria checks 3/6
PCM Fund has a total shareholder equity of $78.1M and total debt of $54.4M, which brings its debt-to-equity ratio to 69.7%. Its total assets and total liabilities are $134.8M and $56.7M respectively. PCM Fund's EBIT is $12.1M making its interest coverage ratio 3.1. It has cash and short-term investments of $141.0K.
Key information
69.7%
Debt to equity ratio
US$54.42m
Debt
Interest coverage ratio | 3.1x |
Cash | US$141.00k |
Equity | US$78.09m |
Total liabilities | US$56.74m |
Total assets | US$134.83m |
Recent financial health updates
No updates
Recent updates
PCM: Small CEF Trading At Wide Premium To NAV
Aug 12PCM Fund declares $0.08 dividend
Feb 09PCM Fund declares $0.08 dividend
Jan 04PCM Fund declares $0.08 dividend
Dec 08PCM Fund declares $0.08 dividend
Nov 04PCM Fund declares $0.08 dividend
Oct 03PCM Fund declares $0.08 dividend
Sep 02PCM Fund declares $0.08 dividend
Aug 02PCM: Attractive Holdings, Unattractive Price
Jun 23PCM: Attractive 8.86% Distribution Yield That Is Showing Strong Coverage
Feb 11PCM Fund declares $0.08 dividend
May 07PCM Fund declares $0.08 dividend
Jan 04PCM Fund declares $0.08 dividend
Dec 02PCM: A Premium Price But A Stable Yield
Nov 17PCM Fund declares $0.08 dividend
Nov 04Financial Position Analysis
Short Term Liabilities: PCM's short term assets ($3.1M) do not cover its short term liabilities ($55.8M).
Long Term Liabilities: PCM's short term assets ($3.1M) exceed its long term liabilities ($936.0K).
Debt to Equity History and Analysis
Debt Level: PCM's net debt to equity ratio (69.5%) is considered high.
Reducing Debt: PCM's debt to equity ratio has increased from 54.1% to 69.7% over the past 5 years.
Debt Coverage: PCM's debt is well covered by operating cash flow (43.8%).
Interest Coverage: PCM's interest payments on its debt are well covered by EBIT (3.1x coverage).