DTF Tax Free Income Closed Fund (DTF) - Cash Flow Conversion Efficiency
Based on the latest financial reports, DTF Tax Free Income Closed Fund (DTF) has a cash flow conversion efficiency ratio of 0.455x as of October 2023. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($38.30 Million) by net assets ($84.20 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
DTF Tax Free Income Closed Fund - Cash Flow Conversion Efficiency Trend (2006–2023)
This chart illustrates how DTF Tax Free Income Closed Fund's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read DTF liabilities breakdown for a breakdown of total debt and financial obligations.
DTF Tax Free Income Closed Fund Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of DTF Tax Free Income Closed Fund ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Aluma Infrastructure Fund 2020 Ltd
TA:ALUMA
|
-0.009x |
|
Mordechai Aviv Taasiot Beniyah 1973 Ltd
TA:AVIV
|
-0.002x |
|
Progress-Werk Oberkirch AG
XETRA:PWO
|
0.024x |
|
Vakrangee Limited
NSE:VAKRANGEE
|
0.093x |
|
Daebongls.Co.Ltd
KQ:078140
|
-0.018x |
|
Champions Oncology Inc
NASDAQ:CSBR
|
-0.306x |
|
Tanami Gold NL
AU:TAM
|
-0.106x |
|
Man Zai Industrial Co Ltd
TWO:4543
|
0.031x |
Annual Cash Flow Conversion Efficiency for DTF Tax Free Income Closed Fund (2006–2023)
The table below shows the annual cash flow conversion efficiency of DTF Tax Free Income Closed Fund from 2006 to 2023. For the full company profile with market capitalisation and key ratios, see market value of DTF Tax Free Income Closed Fund.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-10-31 | $84.20 Million | $43.42 Million | 0.516x | +73.31% |
| 2022-10-31 | $83.86 Million | $24.95 Million | 0.298x | +12.65% |
| 2021-10-31 | $110.48 Million | $29.19 Million | 0.264x | +661.11% |
| 2020-10-31 | $134.50 Million | $4.67 Million | 0.035x | +28.03% |
| 2019-10-31 | $134.20 Million | $3.64 Million | 0.027x | -25.61% |
| 2018-10-31 | $189.66 Million | $6.91 Million | 0.036x | +60.77% |
| 2017-10-31 | $133.69 Million | $3.03 Million | 0.023x | -62.76% |
| 2016-10-31 | $138.97 Million | $8.46 Million | 0.061x | +43.26% |
| 2015-10-31 | $138.98 Million | $5.90 Million | 0.042x | +60.35% |
| 2014-10-31 | $142.23 Million | $3.77 Million | 0.026x | -76.80% |
| 2013-10-31 | $134.11 Million | $15.32 Million | 0.114x | +286.76% |
| 2008-10-31 | $183.76 Million | $-11.24 Million | -0.061x | -963.42% |
| 2007-10-31 | $200.10 Million | $1.42 Million | 0.007x | -79.61% |
| 2006-10-31 | $204.30 Million | $7.09 Million | 0.035x | -- |
About DTF Tax Free Income Closed Fund
DTF Tax-Free Income 2028 Term Fund Inc. is a closed-ended fixed income mutual fund launched by Virtus Investment Partners, Inc. The fund is managed by Duff & Phelps Investment Management Co. It invests primarily in a diversified portfolio of investment grade tax-exempt utility obligations. The fund invests in various sectors, such as water and sewer, electric utilities, prerefunded utilities, pol… Read more