Abrdn Income Credit Strategies Fund

Abrdn Income Credit Strategies Fundverified

ACP

Price:

$5.99

Market Cap:

$751.57M

Abrdn Income Credit Strategies Fund is a closed-ended fixed income fund launched and managed by Aberdeen Asset Managers Limited. It is co-managed by Aberdeen Standard Investments Inc. The fund invests in fixed income markets across the globe. It seeks to invest primarily in loan and debt instruments. Abrdn Income Credit Strategies Fund was formed on October 12, 2010 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

2011-01-27

Stock Exchange

NYSE

Ticker

ACP

The Current Ratio as of December 2024 (TTM) for Abrdn Income Credit Strategies Fund (ACP) is 0.13

According to Abrdn Income Credit Strategies Fund’s latest financial reports and current stock price. The company's current Current Ratio is 0.13. This represents a change of -99.23% compared to the average of 17.18 of the last 4 quarters.

Abrdn Income Credit Strategies Fund (ACP) Historical Current Ratio (quarterly & annually)

How has ACP Current Ratio performed in the past?

The mean historical Current Ratio of Abrdn Income Credit Strategies Fund over the last ten years is 5.63. The current 0.13 Current Ratio has changed 133.69% with respect to the historical average. Over the past ten years (40 quarters), ACP's Current Ratio was at its highest in in the October 2023 quarter at 59.43. The Current Ratio was at its lowest in in the January 2022 quarter at 0.12.

Quarterly (TTM)
Annual

Average

5.63

Median

1.47

Minimum

0.24

Maximum

32.79

Abrdn Income Credit Strategies Fund (ACP) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Abrdn Income Credit Strategies Fund Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.08%

Maximum Annual Current Ratio = 32.79

Minimum Annual Increase = -92.86%

Minimum Annual Current Ratio = 0.24

Quarterly (TTM)
Annual
YearCurrent RatioChange
202312.98722.27%
20221.5815.49%
20211.375.04%
20201.30-44.43%
20192.34-92.86%
201832.791.08%
20172.791.06%
20160.24-25.27%
20150.32-45.64%
20140.5946.94%

Abrdn Income Credit Strategies Fund (ACP) Average Current Ratio

How has ACP Current Ratio performed in the past?

The current Current Ratio of Abrdn Income Credit Strategies Fund (ACP) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

5.31

5-year avg

3.91

10-year avg

5.63

Abrdn Income Credit Strategies Fund (ACP) Current Ratio vs. Peers

How is ACP’s Current Ratio compared to its peers?

Abrdn Income Credit Strategies Fund’s Current Ratio is less than Virtus Convertible & Income Fund (0.36), less than Special Opportunities Fund, Inc. (0.94), greater than RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (0), greater than Clough Global Dividend and Income Fund (0), greater than RiverNorth Opportunities Fund, Inc. (0), greater than High Income Securities Fund (0), greater than Cornerstone Total Return Fund, Inc. (0), greater than Clough Global Opportunities Fund (0), less than Eagle Point Credit Company Inc. (0), less than Cornerstone Strategic Value Fund, Inc. (4.09), greater than Oxford Square Capital Corp. (0), less than Guggenheim Strategic Opportunities Fund (775.79K), greater than PennantPark Floating Rate Capital Ltd. (0), greater than Stellus Capital Investment Corporation (0), greater than Gladstone Capital Corporation (0.00), greater than Gladstone Investment Corporation (0), less than Prospect Capital Corporation (0.14), less than null (0.30),

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