Neuberger Berman High Yield Strategies Fund Balance Sheet Health
Financial Health criteria checks 1/6
Neuberger Berman High Yield Strategies Fund has a total shareholder equity of $194.4M and total debt of $105.9M, which brings its debt-to-equity ratio to 54.5%. Its total assets and total liabilities are $303.9M and $109.5M respectively. Neuberger Berman High Yield Strategies Fund's EBIT is $19.8M making its interest coverage ratio 2.3. It has cash and short-term investments of $179.0K.
Key information
54.5%
Debt to equity ratio
US$105.93m
Debt
Interest coverage ratio | 2.3x |
Cash | US$179.04k |
Equity | US$194.43m |
Total liabilities | US$109.48m |
Total assets | US$303.91m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NHS's short term assets ($8.1M) exceed its short term liabilities ($2.9M).
Long Term Liabilities: NHS's short term assets ($8.1M) do not cover its long term liabilities ($106.5M).
Debt to Equity History and Analysis
Debt Level: NHS's net debt to equity ratio (54.4%) is considered high.
Reducing Debt: NHS's debt to equity ratio has increased from 51.3% to 54.5% over the past 5 years.
Debt Coverage: NHS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NHS's interest payments on its debt are not well covered by EBIT (2.3x coverage).