DTF Tax-Free Income 2028 Term Fund Inc.

DTF Tax-Free Income 2028 Term Fund Inc.verified

DTF

Price:

$11.3

Market Cap:

$79.43M

DTF Tax-Free Income 2028 Term Fund Inc. is a closed-ended fixed income mutual fund launched by Virtus Investment Partners, Inc. The fund is managed by Duff & Phelps Investment Management Co. It invests primarily in a diversified portfolio of investment grade tax-exempt utility obligations. The fund invests in various sectors, such as water and sewer, electric utilities, prerefunded utilities, pollution control, and nonutilities. It invests in the fixed income markets of the United States. It was formerly known as DTF Tax-Free Income Inc. DTF Tax-Free Income 2028 Term Fund Inc. was formed on November, 1991 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

1991-11-22

Stock Exchange

NYSE

Ticker

DTF

The Current Ratio as of September 2024 (TTM) for DTF Tax-Free Income 2028 Term Fund Inc. (DTF) is 1.46

According to DTF Tax-Free Income 2028 Term Fund Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.46. This represents a change of -85.42% compared to the average of 10.01 of the last 4 quarters.

DTF Tax-Free Income 2028 Term Fund Inc. (DTF) Historical Current Ratio (quarterly & annually)

How has DTF Current Ratio performed in the past?

The mean historical Current Ratio of DTF Tax-Free Income 2028 Term Fund Inc. over the last ten years is 27.65. The current 1.46 Current Ratio has changed 427.94% with respect to the historical average. Over the past ten years (40 quarters), DTF's Current Ratio was at its highest in in the July 2022 quarter at 208.14. The Current Ratio was at its lowest in in the January 2024 quarter at 1.46.

Quarterly (TTM)
Annual

Average

27.65

Median

3.57

Minimum

1.67

Maximum

208.06

DTF Tax-Free Income 2028 Term Fund Inc. (DTF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of DTF Tax-Free Income 2028 Term Fund Inc. 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 = 5.98%

Maximum Annual Current Ratio = 208.06

Minimum Annual Increase = -93.87%

Minimum Annual Current Ratio = 1.67

Quarterly (TTM)
Annual
YearCurrent RatioChange
202318.53-91.10%
2022208.065.98%
20213.4218.78%
20202.88-22.37%
20193.7174.19%
20182.13-78.73%
201710.02498.54%
20161.67-92.93%
201523.67893.36%
20142.38-93.87%

DTF Tax-Free Income 2028 Term Fund Inc. (DTF) Average Current Ratio

How has DTF Current Ratio performed in the past?

The current Current Ratio of DTF Tax-Free Income 2028 Term Fund Inc. (DTF) 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

76.67

5-year avg

47.32

10-year avg

27.65

DTF Tax-Free Income 2028 Term Fund Inc. (DTF) Current Ratio vs. Peers

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

DTF Tax-Free Income 2028 Term Fund Inc.’s Current Ratio is less than MFS Investment Grade Municipal Trust (3.11), less than Virtus Convertible & Income 2024 Target Term Fund (2.04), greater than Eaton Vance National Municipal Opportunities Trust (0), greater than Invesco High Income 2024 Target Term Fund (0), less than MFS High Yield Municipal Trust (4.15), greater than MFS Municipal Income Trust (0.05), greater than MFS Government Markets Income Trust (0.39), greater than BlackRock MuniHoldings New York Quality Fund, Inc. (1.37), less than Nuveen California Select Tax-Free Income Portfolio (3.34), less than Federated Hermes Premier Municipal Income Fund (4.36), less than DWS Municipal Income Trust (2.16), greater than BlackRock MuniYield Quality Fund, Inc. (1.03), greater than BlackRock Municipal Income Fund, Inc. (0.03), greater than BlackRock MuniHoldings Quality Fund II, Inc. (0.10),

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