Tri-Continental Balance Sheet Health
Financial Health criteria checks 6/6
Tri-Continental has a total shareholder equity of $1.7B and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $1.8B and $4.0M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | 141978.4x |
| Cash | n/a |
| Equity | US$1.75b |
| Total liabilities | US$3.95m |
| Total assets | US$1.75b |
Recent financial health updates
No updates
Recent updates
Tri-Continental Corp: Thank You For Delivering A Solid 2023
Dec 03TY: Low-Cost Balanced CEF Available At A Nice Discount To NAV
Sep 15TY CEF: Trailing Other Investment Choices
Nov 09Tri-Continental: Solid Balanced Fund With Opportunity For High Distributions
Oct 28Tri-Continental declines by dividend 3.1% to $0.2695
Sep 02Tri-Continental: A Solid Balanced Fund With A Good Long-Term Performance Record
Nov 01Tri-Continental declares $0.2679 dividend
Nov 20Financial Position Analysis
Short Term Liabilities: TY's short term assets ($18.0M) exceed its short term liabilities ($4.0M).
Long Term Liabilities: TY has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: TY is debt free.
Reducing Debt: TY has not had any debt for past 5 years.
Debt Coverage: TY has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TY has no debt, therefore coverage of interest payments is not a concern.