SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF Balance Sheet Health
Financial Health criteria checks 3/6
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF has a total shareholder equity of $8.4B and total debt of $498.1M, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are $9.2B and $792.1M respectively.
Key information
5.9%
Debt to equity ratio
US$498.11m
Debt
| Interest coverage ratio | n/a |
| Cash | US$296.88k |
| Equity | US$8.41b |
| Total liabilities | US$792.12m |
| Total assets | US$9.20b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: JNK's short term assets ($440.1M) do not cover its short term liabilities ($602.1M).
Long Term Liabilities: JNK's short term assets ($440.1M) exceed its long term liabilities ($190.0M).
Debt to Equity History and Analysis
Debt Level: JNK's net debt to equity ratio (5.9%) is considered satisfactory.
Reducing Debt: JNK's debt to equity ratio has reduced from 7.4% to 5.9% over the past 5 years.
Debt Coverage: Insufficient data to determine if JNK's debt is well covered by operating cash flow.
Interest Coverage: Insufficient data to determine if JNK's interest payments on its debt are well covered by EBIT.