abrdn National Municipal Income Fund Balance Sheet Health
Financial Health criteria checks 3/6
abrdn National Municipal Income Fund has a total shareholder equity of $126.0M and total debt of $99.0M, which brings its debt-to-equity ratio to 78.6%. Its total assets and total liabilities are $225.6M and $99.6M respectively.
Key information
78.6%
Debt to equity ratio
US$99.00m
Debt
Interest coverage ratio | 8x |
Cash | n/a |
Equity | US$126.01m |
Total liabilities | US$99.60m |
Total assets | US$225.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VFL's short term assets ($3.2M) exceed its short term liabilities ($308.9K).
Long Term Liabilities: VFL's short term assets ($3.2M) do not cover its long term liabilities ($99.3M).
Debt to Equity History and Analysis
Debt Level: VFL's net debt to equity ratio (78.6%) is considered high.
Reducing Debt: VFL's debt to equity ratio has increased from 47% to 78.6% over the past 5 years.
Debt Coverage: VFL's debt is well covered by operating cash flow (147.5%).
Interest Coverage: VFL's interest payments on its debt are well covered by EBIT (8x coverage).