Virtus Convertible & Income 2024 Target Term Fund

Virtus Convertible & Income 2024 Target Term Fundverified

CBH

Price:

$9.185

Market Cap:

$167.75M

Virtus Convertible & Income 2024 Target Term Fund is a closed ended balanced mutual fund launched and managed by Allianz Global Investors U.S. LLC. The fund invests in the public equity and fixed incomes markets of the United States. It invests in stocks of companies operating across diversified sectors. For its fixed income, the fund invests in income producing debt instruments and Senior Secured Loans. For its equity, it invests in convertible securities. The fund primarily invests in fixed income securities with a primary focus on below "BBB-" rated securities. It employs a fundamental analysis with a bottom-up stock picking approach to create its portfolio. Virtus Convertible & Income 20...[Read more]

Industry

Asset Management - Income

IPO Date

2017-06-28

Stock Exchange

NYSE

Ticker

CBH

The Current Ratio as of September 2024 (TTM) for Virtus Convertible & Income 2024 Target Term Fund (CBH) is 2.04

According to Virtus Convertible & Income 2024 Target Term Fund’s latest financial reports and current stock price. The company's current Current Ratio is 2.04. This represents a change of 79.27% compared to the average of 1.14 of the last 4 quarters.

Virtus Convertible & Income 2024 Target Term Fund (CBH) Historical Current Ratio (quarterly & annually)

How has CBH Current Ratio performed in the past?

The mean historical Current Ratio of Virtus Convertible & Income 2024 Target Term Fund over the last ten years is 0.76. The current 2.04 Current Ratio has changed 26.83% with respect to the historical average. Over the past ten years (40 quarters), CBH's Current Ratio was at its highest in in the January 2024 quarter at 2.04. The Current Ratio was at its lowest in in the February 2018 quarter at 0.

Quarterly (TTM)
Annual

Average

0.76

Median

0.56

Minimum

0

Maximum

2.04

Virtus Convertible & Income 2024 Target Term Fund (CBH) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Virtus Convertible & Income 2024 Target Term 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 = Infinity%

Maximum Annual Current Ratio = 2.04

Minimum Annual Increase = -100.00%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20242.04261.91%
20230.56Infinity%
20220-100.00%
20210.54-43.58%
20200.95-21.38%
20191.21Infinity%

Virtus Convertible & Income 2024 Target Term Fund (CBH) Average Current Ratio

How has CBH Current Ratio performed in the past?

The current Current Ratio of Virtus Convertible & Income 2024 Target Term Fund (CBH) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

0.87

5-year avg

0.82

10-year avg

0.76

Virtus Convertible & Income 2024 Target Term Fund (CBH) Current Ratio vs. Peers

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

Virtus Convertible & Income 2024 Target Term Fund’s Current Ratio is greater than Eaton Vance National Municipal Opportunities Trust (0), greater than Invesco High Income 2024 Target Term Fund (0), greater than BlackRock MuniHoldings New York Quality Fund, Inc. (1.37), less than Nuveen California Select Tax-Free Income Portfolio (3.34), less than Invesco High Income 2023 Target Term Fund (8.71), greater than Nuveen Corporate Income 2023 Target Term Fund (0.27), less than MFS Investment Grade Municipal Trust (3.11), less than Federated Hermes Premier Municipal Income Fund (4.36),

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Frequently asked questions❓

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