Abrdn Australia Equity Fund Inc

Abrdn Australia Equity Fund Incverified

IAF

Price:

$4.505

Market Cap:

$119.91M

Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors. It employs fundamental analysis with a bottom-up and top-down stock picking approach with focus on factors like growth prospects, competitive positions in domestic and export markets, technology, research and development, productivity, labor and raw material costs, profit margins, return on investment, capital resources, quality of management, and governm...[Read more]

Industry

Asset Management

IPO Date

1985-12-16

Stock Exchange

NYSE

Ticker

IAF

The Current Ratio as of November 2024 (TTM) for Abrdn Australia Equity Fund Inc (IAF) is 0

According to Abrdn Australia Equity Fund Inc’s latest financial reports and current stock price. The company's current Current Ratio is 0. This represents a change of -100.00% compared to the average of 33.72 of the last 4 quarters.

Abrdn Australia Equity Fund Inc (IAF) Historical Current Ratio (quarterly & annually)

How has IAF Current Ratio performed in the past?

The mean historical Current Ratio of Abrdn Australia Equity Fund Inc over the last ten years is 5.95. The current 0 Current Ratio has changed -100.00% with respect to the historical average. Over the past ten years (40 quarters), IAF's Current Ratio was at its highest in in the October 2023 quarter at 69.35. The Current Ratio was at its lowest in in the April 2024 quarter at 0.

Quarterly (TTM)
Annual

Average

5.95

Median

0.71

Minimum

0.00

Maximum

41.74

Abrdn Australia Equity Fund Inc (IAF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Abrdn Australia Equity 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 = 11.92%

Maximum Annual Current Ratio = 41.74

Minimum Annual Increase = -100.00%

Minimum Annual Current Ratio = 0.00

Quarterly (TTM)
Annual
YearCurrent RatioChange
202310.75-74.24%
202241.742.71%
20211.4911.92%
20200.00-100.00%
20190.958.77%
20180.0178.47%
20170.01-98.46%
20160.39-15.31%
20150.46-87.55%
20143.721.07%

Abrdn Australia Equity Fund Inc (IAF) Average Current Ratio

How has IAF Current Ratio performed in the past?

The current Current Ratio of Abrdn Australia Equity Fund Inc (IAF) 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

17.99

5-year avg

10.99

10-year avg

5.95

Abrdn Australia Equity Fund Inc (IAF) Current Ratio vs. Peers

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

Abrdn Australia Equity Fund Inc’s Current Ratio is less than Abrdn Asia-Pacific Income Fund Inc (0), less than Virtus Stone Harbor Emerging Markets Total Income Fund (6.24), less than Abrdn Japan Equity Fund Inc (0.13), less than Virtus Stone Harbor Emerging Markets Income Fund (0), less than Tortoise Pipeline & Energy Fund, Inc. (0.92), less than Invesco High Income 2023 Target Term Fund (8.71), less than ClearBridge MLP and Midstream Total Return Fund Inc. (0), less than Nuveen Multi-Market Income Fund (0), less than First Trust Dynamic Europe Equity Income Fund (10.20), less than The New Germany Fund, Inc. (0.09), less than Eagle Point Income Company Inc. (11.24), less than Western Asset High Yield Defined Opportunity Fund Inc. (0), less than Nuveen New York Municipal Value Fund (6.30), less than The European Equity Fund, Inc. (1.37), less than MFS Charter Income Trust (0.08), less than The Central and Eastern Europe Fund, Inc. (1.11), less than Fiera Capital Corporation (1.31),

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