First Trust High Yield Opportunities 2027 Term Fund (FTHY) — Cash Flow Quality Index
First Trust High Yield Opportunities 2027 Term Fund (FTHY) has a Cash Flow Quality Index of 0.66x as of May 2025. Operating cash flow of $30.21 Million is below net income of $45.48 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore First Trust High Yield Opportunities 202 (FTHY) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
First Trust High Yield Opportunities 2027 Term Fund Cash Flow Quality Index (2021–2025)
Historical Cash Flow Quality Index for First Trust High Yield Opportunities 2027 Term Fund across 3 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see FTHY cash flow conversion.
Annual Cash Flow Quality Index for First Trust High Yield Opportunities 2027 Term Fund (2021–2025)
Year-by-year earnings quality comparison for First Trust High Yield Opportunities 2027 Term Fund.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.66x | $30.21 Million | $45.48 Million | ▼ -27.3% |
| 2024 | 0.91x | $49.38 Million | $54.06 Million | ▲ +107.4% |
| 2021 | -12.38x | $-1.00 Billion | $81.09 Million | — |