Herzfeld Credit Income Fund, Inc
The Herzfeld Caribbean Basin Fund Inc. is a closed-ended equity mutual fund launched by Thomas J. Herzfeld Advisors, Inc. The fund is managed by Herzfeld/Cuba. It invests in the public equity markets of the United States. The fund employing fundamental analysis investing in stocks of companies that are likely to benefit from economic, political, structural and technological developments in the co… Read more
Herzfeld Credit Income Fund, Inc (HERZ) - Net Assets
Latest net assets as of June 2025: $44.80 Million USD
Based on the latest financial reports, Herzfeld Credit Income Fund, Inc (HERZ) has net assets worth $44.80 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($44.95 Million) and total liabilities ($155.22K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $44.80 Million |
| % of Total Assets | 99.65% |
| Annual Growth Rate | 2.15% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 24.46 |
Herzfeld Credit Income Fund, Inc - Net Assets Trend (2021–2025)
This chart illustrates how Herzfeld Credit Income Fund, Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Herzfeld Credit Income Fund, Inc (2021–2025)
The table below shows the annual net assets of Herzfeld Credit Income Fund, Inc from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $44.80 Million | -8.66% |
| 2024-06-30 | $49.05 Million | +37.86% |
| 2023-06-30 | $35.58 Million | +17.24% |
| 2022-06-30 | $30.34 Million | -26.25% |
| 2021-06-30 | $41.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Herzfeld Credit Income Fund, Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 12.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $11.84 Million | 26.43% |
| Other Components | $32.96 Million | 73.57% |
| Total Equity | $44.80 Million | 100.00% |
Herzfeld Credit Income Fund, Inc Competitors by Market Cap
The table below lists competitors of Herzfeld Credit Income Fund, Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BankInvest Select Small Cap DK Aktier KL
CO:BSKSMCDKAKL
|
$154.38K |
|
Delta Paint PCL
BK:DPAINT
|
$154.45K |
|
White Fox Ventures Inc
PINK:AWAW
|
$154.54K |
|
USANA HEALTH SC
MU:USJ
|
$154.58K |
|
Wealth Invest Secure Select Aktier
CO:WEISSA
|
$154.32K |
|
CPI Europe AG
VI:CPI
|
$154.28K |
|
SQUARE ENIX HLDGS
BE:EI4
|
$154.25K |
|
HACKETT GROUP
BE:AWT
|
$154.18K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Herzfeld Credit Income Fund, Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 49,045,919 to 44,796,205, a change of -4,249,714 (-8.7%).
- Net income of 1,106,825 contributed positively to equity growth.
- Other factors decreased equity by 5,356,539.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.11 Million | +2.47% |
| Other Changes | $-5.36 Million | -11.96% |
| Total Change | $- | -8.66% |
Book Value vs Market Value Analysis
This analysis compares Herzfeld Credit Income Fund, Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.85x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 2.19x to 5.85x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | $7.06 | $15.50 | x |
| 2022-06-30 | $4.93 | $15.50 | x |
| 2023-06-30 | $5.13 | $15.50 | x |
| 2024-06-30 | $3.10 | $15.50 | x |
| 2025-06-30 | $2.65 | $15.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Herzfeld Credit Income Fund, Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 51.70%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.00x
- Recent ROE (2.47%) is below the historical average (9.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 43.14% | 4751.69% | 0.01x | 1.00x | $13.63 Million |
| 2022 | -24.55% | 0.00% | -0.22x | 1.00x | $-10.48 Million |
| 2023 | 22.04% | 92.75% | 0.24x | 1.00x | $4.28 Million |
| 2024 | 3.34% | 69.28% | 0.05x | 1.05x | $-3.26 Million |
| 2025 | 2.47% | 51.70% | 0.05x | 1.00x | $-3.37 Million |
Industry Comparison
This section compares Herzfeld Credit Income Fund, Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Herzfeld Credit Income Fund, Inc (HERZ) | $44.80 Million | 43.14% | 0.00x | $154.38K |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |