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EFT Stock Summary
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EFT: A Good Floater Fund That Can Be A Hedge Against A 'No Rate Cut' Scenario
The Eaton Vance Floating-Rate Income Trust offers a high yield of 10.80%, which is higher than most investment-grade or junk bond funds. The EFT closed-end fund's portfolio consists mainly of floating-rate senior loans, which have higher yields than long-dated bonds in an inverted yield curve situation. The fund's distribution has been inconsistent over the years, but this is natural since the fund's income varies with interest rates.
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FRA: Still A Good Way To Earn An Attractive 11% Yield Today (Rating Upgrade)
FRA: Still A Good Way To Earn An Attractive 11% Yield Today (Rating Upgrade)
NHS: This Fund Is Looking Very Expensive Given Current Fundamentals (Rating Downgrade)
NHS: This Fund Is Looking Very Expensive Given Current Fundamentals (Rating Downgrade)
FTF: A Good Compromise Debt CEF For A Strong Economy In 2024
FTF: A Good Compromise Debt CEF For A Strong Economy In 2024
EFT: Should Work To Protect Against 2024 Market Volatility
The Eaton Vance Floating-Rate Income Trust offers a high yield of 11.15% due to short-term interest rates being higher than long-term rates. The fund's share price performance has been modest compared to the Bloomberg U.S. Aggregate Bond Index, but its stability and high yield make it attractive. The fund's diverse portfolio and stability make it a potential hedge against volatility in the bond market, appealing to risk-averse investors.
Weekly Closed-End Fund Roundup: Tortoise Tender Results (November 19, 2023)
22 out of 22 CEF sectors positive on price and 21 out of 22 sectors positive on NAV. Tortoise tender offering results. Eaton Vance tender offer results.
EFT: Protection Against Interest Rates And A High Yield
The Eaton Vance Floating-Rate Income Trust offers a high level of current income with a yield of 11.48%. The EFT closed-end fund has performed well compared to the S&P 500 Index, delivering a 1.42% total return over the past two months. The EFT fund primarily invests in floating-rate debt securities, which can perform well in a rising interest-rate environment.
EFT: A Good 10.86%-Yielding Income Fund For Rising Rates
The pervasive inflation in the U.S. has led to declining real wages and strained household budgets, driving people to seek extra sources of income. Eaton Vance Floating-Rate Income Trust is a closed-end fund that specializes in generating income through investing in floating-rate debt securities. The EFT fund's portfolio primarily consists of floating-rate bank loans, providing diversification and low default risk, and has outperformed the aggregate bond index over the past year.
CEF Weekly Review: (Some) CEF Net Income Turns Negative
We review CEF market valuation and performance through the second week of July and highlight recent market action. CEFs had a good week overall as NAVs gained, however, discounts remain sluggish. The net income profile of some CEFs has turned negative, owing to a high cost of leverage.
EFT Financial details
EFT Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-05-31
Metric | History | 2019-05-31 | 2020-05-31 | 2021-05-31 | 2022-05-31 | 2023-05-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 0.5 | -1.16 | 2.29 | -0.43 | 0.53 | |
Net income per share | 0.48 | -1.17 | 2.27 | -0.45 | 0.51 | |
Operating cash flow per share | 0.95 | 2.45 | -0.55 | 9.84 | 2.24 | |
Free cash flow per share | 0.95 | 2.45 | -0.55 | 9.84 | 2.24 | |
Cash per share | 0.08 | 0.07 | 0.03 | 0.01 | 0.51 | |
Book value per share | 15.21 | 13.03 | 14.56 | 13.62 | 12.73 | |
Tangible book value per share | 15.21 | 13.03 | 14.56 | 13.62 | 12.73 | |
Share holders equity per share | 15.21 | 13.03 | 14.56 | 13.62 | 12.73 | |
Interest debt per share | 6.53 | 5.02 | 6.4 | 5.34 | 4.44 | |
Market cap | 537.36M | 454.84M | 568.85M | 347.29M | 326.34M | |
Enterprise value | 781.57M | 641.85M | 813.51M | 491.91M | 435.52M | |
P/E ratio | 28.27 | -9.72 | 6.3 | -27.05 | 21.87 | |
Price to sales ratio | 27.14 | -9.85 | 6.23 | -28.39 | 21.09 | |
POCF ratio | 14.24 | 4.65 | -25.8 | 1.25 | 5.03 | |
PFCF ratio | 14.24 | 4.65 | -25.8 | 1.25 | 5.03 | |
P/B Ratio | 0.89 | 0.88 | 0.98 | 0.9 | 0.88 | |
PTB ratio | 0.89 | 0.88 | 0.98 | 0.9 | 0.88 | |
EV to sales | 39.48 | -13.89 | 8.91 | -40.22 | 28.15 | |
Enterprise value over EBITDA | -20.98 | -6.5 | 15.78 | -11.53 | -11.16 | |
EV to operating cash flow | 20.7 | 6.56 | -36.89 | 1.77 | 6.71 | |
EV to free cash flow | 20.7 | 6.56 | -36.89 | 1.77 | 6.71 | |
Earnings yield | 0.04 | -0.1 | 0.16 | -0.04 | 0.05 | |
Free cash flow yield | 0.07 | 0.22 | -0.04 | 0.8 | 0.2 | |
Debt to equity | 0.41 | 0.37 | 0.43 | 0.38 | 0.32 | |
Debt to assets | 0.26 | 0.23 | 0.27 | 0.24 | 0.2 | |
Net debt to EBITDA | -6.55 | -1.89 | 4.75 | -3.39 | -2.8 | |
Current ratio | 0.04 | 0.07 | 0.08 | 0.07 | 0.12 | |
Interest coverage | 3.74 | 4.27 | 6.62 | 6.31 | 4.11 | |
Income quality | 1.99 | -2.09 | -0.24 | -21.67 | 4.35 | |
Dividend Yield | 0.06 | 0.09 | 0.05 | 0.08 | 0.09 | |
Payout ratio | 1.83 | -0.86 | 0.32 | -2.18 | 2.05 | |
Sales general and administrative to revenue | 0.04 | -0.01 | 0.01 | -0.05 | 0.04 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
Graham number | 12.77 | 18.55 | 27.25 | 11.8 | 12.13 | |
ROIC | 0.16 | -0.07 | 0.02 | -0.11 | 0.33 | |
Return on tangible assets | 0.02 | -0.06 | 0.1 | -0.02 | 0.03 | |
Graham Net | -8.12 | -6.99 | -8.37 | -7.89 | -6.2 | |
Working capital | -249.71M | -195.22M | -255.04M | -144.95M | -114.93M | |
Tangible asset value | 606.41M | 519.46M | 580.59M | 385.3M | 369.56M | |
Net current asset value | -329.57M | -275.1M | -334.95M | -224.9M | -194.91M | |
Invested capital | 0.41 | 0.37 | 0.43 | 0.38 | 0.32 | |
Average receivables | 7.18M | 8.49M | 11.55M | 8.53M | 6.24M | |
Average payables | 18.9M | 13.72M | 21.57M | 15.68M | 9.47M | |
Average inventory | 8.64M | 8.64M | 14.68M | 21.92M | 18.32M | |
Days sales outstanding | 94.38 | -93.72 | 44.93 | -173.94 | 156.85 | |
Days payables outstanding | 422.37 | 967.76 | 177.6 | -58.91 | 915.9 | |
Days of inventory on hand | 843.15 | 0 | 214.14 | -121.53 | 1.7K | |
Receivables turnover | 3.87 | -3.89 | 8.12 | -2.1 | 2.33 | |
Payables turnover | 0.86 | 0.38 | 2.06 | -6.2 | 0.4 | |
Inventory turnover | 0.43 | 7.09M | 1.7 | -3 | 0.21 | |
ROE | 0.03 | -0.09 | 0.16 | -0.03 | 0.04 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
Quarterly Fundamentals Overview
Last date of statement is 2023-11-30 for Q2
Metric | History | 2022-08-31 | 2022-11-30 | 2023-02-28 | 2023-05-31 | 2023-11-30 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 0.38 | 0.65 | 0.47 | 0.78 | 0.58 | |
Net income per share | -0.05 | -0.09 | 0.3 | 0.61 | 1.13 | |
Operating cash flow per share | 0.7 | 0.55 | 0.42 | 0.52 | 0.7 | |
Free cash flow per share | 0.7 | 0.55 | 0.42 | 0.52 | 0.7 | |
Cash per share | 0.18 | -0.07 | 0.3 | 0.51 | 0.48 | |
Book value per share | 12.69 | 12.69 | 12.7 | 12.7 | 12.18 | |
Tangible book value per share | 12.69 | 12.69 | 12.7 | 12.7 | 12.18 | |
Share holders equity per share | 12.69 | 12.69 | 12.7 | 12.7 | 12.18 | |
Interest debt per share | 2.81 | 4.35 | 2.85 | 4.27 | 7.31 | |
Market cap | 351.12M | 338.61M | 349.67M | 326.98M | 349.27M | |
Enterprise value | 346M | 458.99M | 340.85M | 436.16M | 541M | |
P/E ratio | -65.27 | -31.47 | 9.93 | 4.64 | 2.74 | |
Price to sales ratio | 31.85 | 17.8 | 25.67 | 14.43 | 21.38 | |
POCF ratio | 17.35 | 21.24 | 28.63 | 21.65 | 17.75 | |
PFCF ratio | 17.35 | 21.24 | 28.63 | 21.65 | 17.75 | |
P/B Ratio | 0.95 | 0.92 | 0.95 | 0.88 | 1.01 | |
PTB ratio | 0.95 | 0.92 | 0.95 | 0.88 | 1.01 | |
EV to sales | 31.38 | 24.13 | 25.02 | 19.24 | 33.12 | |
Enterprise value over EBITDA | -31.11 | 248.46 | -94.64 | 18.41 | 13.99 | |
EV to operating cash flow | 17.09 | 28.79 | 27.91 | 28.88 | 27.49 | |
EV to free cash flow | 17.09 | 28.79 | 27.91 | 28.88 | 27.49 | |
Earnings yield | 0 | -0.01 | 0.03 | 0.05 | 0.09 | |
Free cash flow yield | 0.06 | 0.05 | 0.03 | 0.05 | 0.06 | |
Debt to equity | 0.22 | 0.33 | 0.22 | 0.32 | 0.58 | |
Debt to assets | 0.14 | 0.21 | 0.14 | 0.2 | 0.35 | |
Net debt to EBITDA | 0.46 | 65.16 | 2.45 | 4.61 | 4.96 | |
Current ratio | 0.15 | 0.15 | 0.12 | 0.12 | 0 | |
Interest coverage | 5.15 | 0.41 | 4.3 | 3.76 | 5.64 | |
Income quality | -15.05 | -5.93 | 1.39 | 0.86 | 0.62 | |
Dividend Yield | 0.02 | 0.04 | 0.02 | 0.05 | 0.06 | |
Payout ratio | -5.04 | -5.04 | 0.97 | 0.97 | 0.61 | |
Sales general and administrative to revenue | 0.11 | 0.07 | 0.09 | 0.05 | 0 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
Graham number | 3.63 | 5.14 | 9.3 | 13.16 | 17.58 | |
ROIC | -0.19 | -0.01 | 0.05 | 0.07 | 0.07 | |
Return on tangible assets | 0 | 0 | 0.02 | 0.03 | 0.06 | |
Graham Net | -6.8 | -7.04 | -6.79 | -6.19 | -7.17 | |
Working capital | -113.13M | -113.13M | -114.93M | -114.93M | -25.81M | |
Tangible asset value | 369.05M | 369.05M | 369.56M | 369.56M | 344.8M | |
Net current asset value | -193.1M | -193.1M | -194.91M | -194.91M | -226.96M | |
Invested capital | 0.22 | 0.33 | 0.22 | 0.32 | 0.58 | |
Average receivables | 9.74M | 13.66M | 9.92M | 6.41M | 0 | |
Average payables | 7.32M | 8.26M | 9.66M | 11.17M | 0 | |
Average inventory | 0.5 | 1 | 0.5 | 11.08M | 0 | |
Days sales outstanding | 111.49 | 64.63 | 40.79 | 26.4 | 75.56 | |
Days payables outstanding | 0 | 329.97 | 0 | 461.63 | 995.55 | |
Days of inventory on hand | 0 | 0 | 0 | 858.06 | 0 | |
Receivables turnover | 0.81 | 1.39 | 2.21 | 3.41 | 1.19 | |
Payables turnover | 0 | 0.27 | 0 | 0.19 | 0.09 | |
Inventory turnover | 0 | 2.43M | 0 | 0.1 | 0 | |
ROE | 0 | -0.01 | 0.02 | 0.05 | 0.09 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
EFT Frequently Asked Questions
What is Eaton Vance Floating-Rate Income Trust stock symbol ?
Eaton Vance Floating-Rate Income Trust is a US stock , located in Boston of Ma and trading under the symbol EFT
What is Eaton Vance Floating-Rate Income Trust stock quote today ?
Eaton Vance Floating-Rate Income Trust stock price is $13.3499 today.
Is Eaton Vance Floating-Rate Income Trust stock public?
Yes, Eaton Vance Floating-Rate Income Trust is a publicly traded company.