Virtus Convertible & Income Fund

Virtus Convertible & Income Fundverified

NCV-PA

Price:

$22.08

Market Cap:

$330.77M

Virtus Convertible & Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade. It invests in securities with a broad range of maturities, with a weighted average maturity ranging between five to ten years. The fund employs fundamental analysis with a bottom up stock picking approach to create its portfolio. It conducts in house research using proprietary models. The fund was formerly known as...[Read more]

Industry

Asset Management - Income

IPO Date

2018-09-17

Stock Exchange

NYSE

Ticker

NCV-PA

The Current Ratio as of November 2024 (TTM) for Virtus Convertible & Income Fund (NCV-PA) is 0.36

According to Virtus Convertible & Income Fund’s latest financial reports and current stock price. The company's current Current Ratio is 0.36. This represents a change of 29.42% compared to the average of 0.28 of the last 4 quarters.

Virtus Convertible & Income Fund (NCV-PA) Historical Current Ratio (quarterly & annually)

How has NCV-PA Current Ratio performed in the past?

The mean historical Current Ratio of Virtus Convertible & Income Fund over the last ten years is 1.60. The current 0.36 Current Ratio has changed 2.13% with respect to the historical average. Over the past ten years (40 quarters), NCV-PA's Current Ratio was at its highest in in the May 2016 quarter at 5.04. The Current Ratio was at its lowest in in the October 2022 quarter at 0.07.

Quarterly (TTM)
Annual

Average

1.60

Median

1.15

Minimum

0.32

Maximum

4.72

Virtus Convertible & Income Fund (NCV-PA) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Virtus Convertible & Income 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 = 104.41%

Maximum Annual Current Ratio = 4.72

Minimum Annual Increase = -73.82%

Minimum Annual Current Ratio = 0.32

Quarterly (TTM)
Annual
YearCurrent RatioChange
20241.1045.51%
20230.7650.60%
20220.5059.25%
20210.32-73.82%
20201.2052.27%
20190.79-62.51%
20182.11-55.24%
20174.72104.41%
20162.315.48%
20152.1921.45%

Virtus Convertible & Income Fund (NCV-PA) Average Current Ratio

How has NCV-PA Current Ratio performed in the past?

The current Current Ratio of Virtus Convertible & Income Fund (NCV-PA) 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

0.79

5-year avg

0.78

10-year avg

1.60

Virtus Convertible & Income Fund (NCV-PA) Current Ratio vs. Peers

How is NCV-PA’s Current Ratio compared to its peers?

Virtus Convertible & Income Fund’s Current Ratio is greater than The Gabelli Equity Trust Inc. (0), greater than The Gabelli Equity Trust Inc. PFD-G (0), greater than Oxford Lane Capital Corp. (0), greater than The Gabelli Utility Trust (0.06), less than The Gabelli Multimedia Trust Inc. 5.125% PFD SER E (1.11), greater than RiverNorth Specialty Finance Corporation (0), greater than Tri-Continental Corporation PFD $2.50 (0), greater than Oxford Lane Capital Corp. (0),

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