Neuberger Berman New York Municipal Fund Balance Sheet Health
Financial Health criteria checks 2/6
Neuberger Berman New York Municipal Fund has a total shareholder equity of $57.0M and total debt of $36.5M, which brings its debt-to-equity ratio to 64%. Its total assets and total liabilities are $95.1M and $38.1M respectively. Neuberger Berman New York Municipal Fund's EBIT is $3.0M making its interest coverage ratio 2.5. It has cash and short-term investments of $1.1M.
Key information
64.0%
Debt to equity ratio
US$36.50m
Debt
Interest coverage ratio | 2.5x |
Cash | US$1.05m |
Equity | US$56.99m |
Total liabilities | US$38.15m |
Total assets | US$95.14m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NBO's short term assets ($2.5M) exceed its short term liabilities ($1.6M).
Long Term Liabilities: NBO's short term assets ($2.5M) do not cover its long term liabilities ($36.5M).
Debt to Equity History and Analysis
Debt Level: NBO's net debt to equity ratio (62.2%) is considered high.
Reducing Debt: NBO's debt to equity ratio has reduced from 70.3% to 64% over the past 5 years.
Debt Coverage: Insufficient data to determine if NBO's debt is well covered by operating cash flow.
Interest Coverage: NBO's interest payments on its debt are not well covered by EBIT (2.5x coverage).