The GDL Fund

The GDL Fundverified

GDL

Price:

$8.05

Market Cap:

$94.88M

The GDL Fund is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds, LLC. The fund invests in public equity markets across the globe. It invests in stocks of companies operating across diversified sectors. The fund invests in securities of companies involved in publicly announced mergers, takeovers, tender offers, and leveraged buyouts. It also invests in companies undergoing corporate reorganizations involving stubs, spin-offs, and liquidations. The fund benchmarks the performance of its portfolio against Bank of America Merrill Lynch 3 Month U.S. Treasury Bill Index. It was formerly known as Gabelli Global Deal Fund. The GDL Fund was formed on...[Read more]

Industry

Asset Management

IPO Date

2007-04-23

Stock Exchange

NYSE

Ticker

GDL

The Current Ratio as of September 2024 (TTM) for The GDL Fund (GDL) is 0.26

According to The GDL Fund’s latest financial reports and current stock price. The company's current Current Ratio is 0.26. This represents a change of -37.92% compared to the average of 0.41 of the last 4 quarters.

The GDL Fund (GDL) Historical Current Ratio (quarterly & annually)

How has GDL Current Ratio performed in the past?

The mean historical Current Ratio of The GDL Fund over the last ten years is 0.69. The current 0.26 Current Ratio has changed 3.60% with respect to the historical average. Over the past ten years (40 quarters), GDL's Current Ratio was at its highest in in the June 2020 quarter at 4.96. The Current Ratio was at its lowest in in the June 2022 quarter at 0.14.

Quarterly (TTM)
Annual

Average

0.69

Median

0.73

Minimum

0

Maximum

1.41

The GDL Fund (GDL) Current Ratio by Quarter and Year

Discovering the peaks and valleys of The GDL 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 = 1.41

Minimum Annual Increase = -82.38%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.263.41%
20220.25-82.38%
20211.4147.95%
20200.9589.98%
20190.50-51.37%
20181.03-10.36%
20171.15Infinity%

The GDL Fund (GDL) Average Current Ratio

How has GDL Current Ratio performed in the past?

The current Current Ratio of The GDL Fund (GDL) 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

0.64

5-year avg

0.67

10-year avg

0.69

The GDL Fund (GDL) Current Ratio vs. Peers

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

The GDL Fund’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 Invesco High Income 2024 Target Term Fund (0), greater than Eaton Vance National Municipal Opportunities Trust (0), less than Federated Hermes Premier Municipal Income Fund (4.36), greater than Ellsworth Growth and Income Fund Ltd. (0), less than Azimut Holding S.p.A. (0.56), less than Ameritrans Capital Corp. PFD PRT 9.375% (2.90), less than Azimut Holding S.p.A. (1.67), greater than Miller/Howard High Income Equity Fund (0), greater than Virtus Global Multi-Sector Income Fund (0), less than John Hancock Investments - John Hancock Tax-Advantaged Global Shareholder Yield Fund (1.97), less than Nuveen Short Duration Credit Opportunities Fund (0.73), greater than Western Asset Mortgage Opportunity Fund Inc. (0), greater than GAMCO Natural Resources, Gold & Income Trust (0), greater than The Gabelli Healthcare & Wellness Trust (0), greater than The Gabelli Global Small and Mid Cap Value Trust (0), greater than John Hancock Income Securities Trust (0), greater than The Gabelli Multimedia Trust Inc. (0), less than BlackRock MuniHoldings New York Quality Fund, Inc. (1.37), less than Nuveen California Select Tax-Free Income Portfolio (3.34),

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Frequently asked questions❓

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