abrdn Global Income Fund Balance Sheet Health
Financial Health criteria checks 4/6
abrdn Global Income Fund has a total shareholder equity of $50.1M and total debt of $20.4M, which brings its debt-to-equity ratio to 40.6%. Its total assets and total liabilities are $71.1M and $20.9M respectively. abrdn Global Income Fund's EBIT is $3.6M making its interest coverage ratio -6. It has cash and short-term investments of $479.6K.
Key information
40.6%
Debt to equity ratio
US$20.35m
Debt
Interest coverage ratio | -6x |
Cash | US$479.63k |
Equity | US$50.13m |
Total liabilities | US$20.94m |
Total assets | US$71.07m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FCO's short term assets ($3.1M) exceed its short term liabilities ($498.6K).
Long Term Liabilities: FCO's short term assets ($3.1M) do not cover its long term liabilities ($20.4M).
Debt to Equity History and Analysis
Debt Level: FCO's net debt to equity ratio (39.6%) is considered satisfactory.
Reducing Debt: FCO's debt to equity ratio has reduced from 41.5% to 40.6% over the past 5 years.
Debt Coverage: FCO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FCO earns more interest than it pays, so coverage of interest payments is not a concern.