TEAF Provides Unaudited Balance Sheet Information And Asset Coverage Ratio Updates As Of July 31, 2023; Unaudited Net Asset Value Was $212.4M, Or $15.74/Share
Portfolio Pulse from Benzinga Newsdesk
TEAF has provided its unaudited balance sheet information and asset coverage ratio updates as of July 31, 2023. The unaudited net asset value was $212.4M, or $15.74/share. The total assets were $243.4M, with $240.6M in investments, $0.5M in cash and cash equivalents, and $2.3M in other assets. The company had $30.2M in credit facility borrowings and $0.8M in other liabilities.
August 04, 2023 | 10:39 am
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POSITIVE IMPACT
TEAF's unaudited balance sheet shows a healthy asset to liability ratio, which could be a positive sign for investors.
The company's total assets of $243.4M significantly outweigh its total liabilities of $31M. This indicates a strong financial position, which could potentially lead to a positive impact on the company's stock price in the short term.
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