TY
Price:
$34.59
Market Cap:
$1.81B
Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It primarily invests in the public equity markets of the United States. The fund invests in stocks of companies that operate across diversified sectors. It seeks to invest in stocks of large-cap companies. The fund benchmarks the performance of its portfolio against S&P 500 Index. Tri-Continental Corporation was formed in January 1929 and is domiciled in the United States.
Industry
Asset Management
IPO Date
1980-03-17
Stock Exchange
NYSE
Ticker
TY
According to Tri-Continental Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 10.95. This represents a change of 138.61% compared to the average of 4.59 of the last 4 quarters.
The mean historical Current Ratio of Tri-Continental Corporation over the last ten years is 6.14. The current 10.95 Current Ratio has changed 17.73% with respect to the historical average. Over the past ten years (40 quarters), TY's Current Ratio was at its highest in in the December 2008 quarter at 31.44. The Current Ratio was at its lowest in in the June 2024 quarter at -0.01.
Average
6.14
Median
4.02
Minimum
1.72
Maximum
20.82
Discovering the peaks and valleys of Tri-Continental Corporation 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 = 1.11%
Maximum Annual Current Ratio = 20.82
Minimum Annual Increase = -84.97%
Minimum Annual Current Ratio = 1.72
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 2.91 | -35.43% |
| 2023 | 4.50 | -46.36% |
| 2022 | 8.39 | 112.05% |
| 2021 | 3.96 | -57.39% |
| 2020 | 9.29 | 128.02% |
| 2019 | 4.07 | 30.21% |
| 2018 | 3.13 | -84.97% |
| 2017 | 20.82 | 1.11% |
| 2016 | 1.72 | -33.22% |
| 2015 | 2.58 | 34.54% |
The current Current Ratio of Tri-Continental Corporation (TY) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
5.27
5-year avg
5.81
10-year avg
6.14
Tri-Continental Corporation’s Current Ratio is greater than WisdomTree, Inc. (2.82), greater than Grab Holdings Limited (1.88), greater than Central Securities Corp. (0), less than Oxford Lane Capital Corp. (220.74), greater than General American Investors Company, Inc. (0.29), greater than Acadian Asset Management (2.24), greater than FS Credit Opportunities Corp. (5.84), greater than Sixth Street Specialty Lending, Inc. (4.73), greater than MidCap Financial Investment Corporation (5.15), greater than Eagle Point Credit Company Inc. (3.18),
| Company | Current Ratio | Market cap |
|---|---|---|
| 2.82 | $1.60B | |
| 1.88 | $21.01B | |
| 0 | $1.46B | |
| 220.74 | $1.48B | |
| 0.29 | $1.37B | |
| 2.24 | $1.66B | |
| 5.84 | $1.20B | |
| 4.73 | $2.11B | |
| 5.15 | $1.14B | |
| 3.18 | $838.64M |
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