ERH
Price:
$12.266
Market Cap:
$113.92M
Allspring Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is co-managed by Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund invests in the public equity and fixed income markets of the United States. It primarily invests in stocks of companies across all market capitalizations operating in utility sector including water, gas, electric, and telecommunications companies. For the fixed income component of its portfolio the fund seeks to invest in non-investment grade securities. Allspring Utilities and High Income Fund was formed on April 28, 2004 and is domiciled in the United States.
Industry
Asset Management - Income
IPO Date
2004-04-28
Stock Exchange
AMEX
Ticker
ERH
According to Allspring Utilities and High Income Fund’s latest financial reports and current stock price. The company's current Current Ratio is 0.75. This represents a change of -49.25% compared to the average of 1.47 of the last 4 quarters.
The mean historical Current Ratio of Allspring Utilities and High Income Fund over the last ten years is 1.51. The current 0.75 Current Ratio has changed 4.83% with respect to the historical average. Over the past ten years (40 quarters), ERH's Current Ratio was at its highest in in the August 2013 quarter at 2.84. The Current Ratio was at its lowest in in the February 2016 quarter at 0.48.
Average
1.51
Median
1.53
Minimum
0.53
Maximum
2.17
Discovering the peaks and valleys of Allspring Utilities and High 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 = 174.51%
Maximum Annual Current Ratio = 2.17
Minimum Annual Increase = -74.86%
Minimum Annual Current Ratio = 0.53
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 2.17 | 18.68% |
| 2023 | 1.83 | 44.48% |
| 2022 | 1.26 | -8.12% |
| 2021 | 1.38 | -4.91% |
| 2020 | 1.45 | 174.51% |
| 2019 | 0.53 | -74.86% |
| 2018 | 2.10 | 88.50% |
| 2017 | 1.11 | -30.78% |
| 2016 | 1.61 | -6.00% |
| 2015 | 1.71 | 17.20% |
The current Current Ratio of Allspring Utilities and High Income Fund (ERH) 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
1.75
5-year avg
1.62
10-year avg
1.51
Allspring Utilities and High Income Fund’s Current Ratio is greater than High Income Securities Fund (0.11), greater than PIMCO Global StocksPLUS & Income Fund (0.57), greater than John Hancock Hedged Equity & Income Fund (0), greater than Carlyle Credit Income Fund (0), less than Seven Canyons World Innovators Fund (0), greater than Calamos Global Total Return Fund (0), greater than Nuveen Mortgage and Income Fund (0.62), greater than Fidelity Arizona Municipal Income Fund (0), greater than T. Rowe Price Short Duration Income Fund (0), less than Nuveen Select Maturities Municipal Fund (11.83),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0.11 | $116.98M | |
| 0.57 | $102.59M | |
| 0 | $133.52M | |
| 0 | $110.44M | |
| 0 | $121.05M | |
| 0 | $111.93M | |
| 0.62 | $101.76M | |
| 0 | $119.49M | |
| 0 | $111.22M | |
| 11.83 | $115.88M |
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What is the Current Ratio?
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What is Allspring Utilities and High Income Fund's Current Ratio?
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What is the 3-year average Current Ratio for Allspring Utilities and High Income Fund (ERH)?
What is the 5-year average Current Ratio for Allspring Utilities and High Income Fund (ERH)?
How does the current Current Ratio for Allspring Utilities and High Income Fund (ERH) compare to its historical average?