AVK
Price:
$12.69
Market Cap:
$439.00M
Advent Claymore Convertible Securities and Income Fund is a closed-ended fixed income mutual fund launched and managed by Advent Capital Management, LLC. The fund primarily invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across the diversified sectors. The fund invests approximately 60% of its portfolio in convertible securities and rest in lower-grade non-convertible income securities. It employs fundamental analysis to create its portfolio. Advent Claymore Convertible Securities and Income Fund was formed on April 29, 2003 and is domiciled in the United States.
Industry
Asset Management - Income
IPO Date
2003-04-30
Stock Exchange
NYSE
Ticker
AVK
According to Advent Convertible and Income Fund’s latest financial reports and current stock price. The company's current Current Ratio is 0.07. This represents a change of -86.63% compared to the average of 0.54 of the last 4 quarters.
The mean historical Current Ratio of Advent Convertible and Income Fund over the last ten years is 1.39. The current 0.07 Current Ratio has changed 417.87% with respect to the historical average. Over the past ten years (40 quarters), AVK's Current Ratio was at its highest in in the October 2022 quarter at 3.62. The Current Ratio was at its lowest in in the April 2012 quarter at 0.
Average
1.39
Median
1.29
Minimum
0
Maximum
3.62
Discovering the peaks and valleys of Advent Convertible and 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 = Infinity%
Maximum Annual Current Ratio = 3.62
Minimum Annual Increase = -100.00%
Minimum Annual Current Ratio = 0
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 1.27 | -33.57% |
| 2023 | 1.92 | -47.01% |
| 2022 | 3.62 | 111.06% |
| 2021 | 1.72 | Infinity% |
| 2020 | 0 | -100.00% |
| 2019 | 1.16 | -10.87% |
| 2018 | 1.31 | -50.13% |
| 2017 | 2.62 | 1.65% |
| 2016 | 0.15 | -4.53% |
| 2015 | 0.16 | -33.06% |
The current Current Ratio of Advent Convertible and Income Fund (AVK) 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
2.27
5-year avg
1.71
10-year avg
1.39
Advent Convertible and Income Fund’s Current Ratio is less than Eaton Vance Tax-Managed Buy-Write Income Fund (0.14), less than Nuveen Pennsylvania Quality Municipal Income Fund (0.12), less than BlackRock Floating Rate Income Strategies Fund, Inc. (0.50), greater than John Hancock Preferred Income Fund (0), less than Virtus Convertible & Income Fund (0.52), greater than Nuveen Multi-Asset Income Fund (0), greater than Crossmark Steward Global Equity Income Fund (0), greater than Calamos Global Dynamic Income Fund (0), less than Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (1.89), less than Nuveen Variable Rate Preferred & Income Fund (0.44),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0.14 | $447.38M | |
| 0.12 | $449.59M | |
| 0.50 | $420.31M | |
| 0 | $453.91M | |
| 0.52 | $348.84M | |
| 0 | $444.56M | |
| 0 | $452.55M | |
| 0 | $469.40M | |
| 1.89 | $406.56M | |
| 0.44 | $475.55M |
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What is the Current Ratio?
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What is Advent Convertible and Income Fund's Current Ratio?
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What is the 3-year average Current Ratio for Advent Convertible and Income Fund (AVK)?
What is the 5-year average Current Ratio for Advent Convertible and Income Fund (AVK)?
How does the current Current Ratio for Advent Convertible and Income Fund (AVK) compare to its historical average?