Virtus Equity & Convertible Income Fund

Virtus Equity & Convertible Income Fundverified

NIE

Price:

$22.575

Market Cap:

$625.53M

Virtus Equity & Convertible Income Fund is a closed ended equity 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 the public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It primarily invests in growth stocks of companies. The fund also invests in income producing convertible securities. It employs fundamental analysis focusing on factors like above-average earnings growth, high return on invested capital, a healthy or improving balance sheet, strong competitive advantages, and development of new technologies to make ...[Read more]

Industry

Asset Management - Income

IPO Date

2007-02-23

Stock Exchange

NYSE

Ticker

NIE

The Current Ratio as of September 2024 (TTM) for Virtus Equity & Convertible Income Fund (NIE) is 2.53

According to Virtus Equity & Convertible Income Fund’s latest financial reports and current stock price. The company's current Current Ratio is 2.53. This represents a change of 28.70% compared to the average of 1.97 of the last 4 quarters.

Virtus Equity & Convertible Income Fund (NIE) Historical Current Ratio (quarterly & annually)

How has NIE Current Ratio performed in the past?

The mean historical Current Ratio of Virtus Equity & Convertible Income Fund over the last ten years is 2.22. The current 2.53 Current Ratio has changed 11.32% with respect to the historical average. Over the past ten years (40 quarters), NIE's Current Ratio was at its highest in in the January 2018 quarter at 7.75. The Current Ratio was at its lowest in in the July 2008 quarter at 0.10.

Quarterly (TTM)
Annual

Average

2.22

Median

1.86

Minimum

0.41

Maximum

5.63

Virtus Equity & Convertible Income Fund (NIE) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Virtus Equity & 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 = 821.83%

Maximum Annual Current Ratio = 5.63

Minimum Annual Increase = -68.05%

Minimum Annual Current Ratio = 0.41

Quarterly (TTM)
Annual
YearCurrent RatioChange
20242.5334.04%
20231.890%
20221.89355.99%
20210.41-68.05%
20201.30-28.99%
20191.83-63.43%
20184.99-11.24%
20175.63814.06%
20160.62-43.26%
20151.08821.83%

Virtus Equity & Convertible Income Fund (NIE) Average Current Ratio

How has NIE Current Ratio performed in the past?

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

3-year avg

2.10

5-year avg

1.60

10-year avg

2.22

Virtus Equity & Convertible Income Fund (NIE) Current Ratio vs. Peers

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

Virtus Equity & Convertible Income Fund’s Current Ratio is greater than RiverNorth Opportunistic Municipal Income Fund, Inc. (0), greater than BlackRock Municipal Income Fund, Inc. (0.03), greater than BlackRock MuniHoldings New York Quality Fund, Inc. (1.37), less than Nuveen New York Quality Municipal Income Fund (9.85), greater than DWS Municipal Income Trust (2.16), greater 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 Nuveen California Select Tax-Free Income Portfolio (3.34), greater than Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (0), greater than Eaton Vance Risk-Managed Diversified Equity Income Fund (0), greater than BlackRock MuniHoldings Fund, Inc. (0.31), greater than DTF Tax-Free Income 2028 Term Fund Inc. (1.46), greater than Eaton Vance Floating-Rate Income Trust (0.17), greater than Cohen & Steers Closed-End Opportunity Fund, Inc. (0), greater than Abrdn Emerging Markets Equity Income Fund Inc (0), greater than Eaton Vance Senior Income Trust (0), greater than BlackRock Capital Allocation Trust (0.21), less than MFS Investment Grade Municipal Trust (3.11),

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Frequently asked questions❓

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