First Trust High (FTHY) | Financial Analysis & Statements
First Trust High Yield Opportunities 2027 Fund | Small-cap | Financial Services
First Trust High Yield Opportunities 2027 Fund | Small-cap | Financial Services
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Income Metrics
Balance Sheet Metrics
Total Assets
703.2M
Total Liabilities
140.1M
Shareholders Equity
563.1M
Debt to Equity
0.25
Cash Flow Metrics
Revenue & Profitability Trend
First Trust High Income Statement From 2021 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Revenue | 55.0M | -18.7M | -71.8M | 82.0M |
| Cost of Goods Sold | - | - | - | - |
| Gross Profit | - | - | - | - |
| Gross Margin % | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating Expenses | ||||
| Research & Development | - | - | - | - |
| Selling, General & Administrative | 915.3K | 869.0K | 999.6K | 901.7K |
| Other Operating Expenses | 20.0K | 18.2K | 59.2K | 47.2K |
| Total Operating Expenses | 935.3K | 887.2K | 1.1M | 948.9K |
| Operating Income | - | - | - | - |
| Operating Margin % | 0.0% | 0.0% | 0.0% | 0.0% |
| Non-Operating Items | ||||
| Interest Income | - | - | - | - |
| Interest Expense | - | - | - | - |
| Other Non-Operating Income | - | - | - | - |
| Pre-tax Income | 54.1M | -19.6M | -72.8M | 81.1M |
| Income Tax | - | - | - | - |
| Effective Tax Rate % | 0.0% | 0.0% | 0.0% | 0.0% |
| Net Income | 54.1M | -19.6M | -72.8M | 81.1M |
| Net Margin % | 98.3% | 0.0% | 0.0% | 98.8% |
| Key Metrics | ||||
| EBITDA | - | - | - | - |
| EPS (Basic) | - | $-0.54 | $-1.98 | $2.20 |
| EPS (Diluted) | - | $-0.54 | $-1.98 | $2.20 |
| Basic Shares Outstanding | - | 36307798 | 36788537 | 36857608 |
| Diluted Shares Outstanding | - | 36307798 | 36788537 | 36857608 |
Income Statement Trend
First Trust High Balance Sheet From 2021 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Assets | ||||
| Current Assets | ||||
| Cash & Equivalents | 84.2K | 66.4K | 33.9K | 203.5K |
| Short-term Investments | - | - | - | - |
| Accounts Receivable | - | - | - | - |
| Inventory | - | - | - | - |
| Other Current Assets | - | - | - | - |
| Total Current Assets | - | - | - | - |
| Non-Current Assets | ||||
| Property, Plant & Equipment | - | - | - | - |
| Goodwill | - | - | - | - |
| Intangible Assets | - | - | - | - |
| Long-term Investments | - | - | - | - |
| Other Non-Current Assets | - | - | - | - |
| Total Non-Current Assets | - | - | - | - |
| Total Assets | 703.2M | 700.3M | 924.8M | - |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | 8.1M | 10.0M | 2.8M | 20.4M |
| Short-term Debt | - | - | - | - |
| Current Portion of Long-term Debt | - | - | - | - |
| Other Current Liabilities | - | - | - | - |
| Total Current Liabilities | - | - | - | - |
| Non-Current Liabilities | ||||
| Long-term Debt | 131.0M | 123.0M | 278.0M | 309.0M |
| Deferred Tax Liabilities | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - |
| Total Non-Current Liabilities | - | - | - | - |
| Total Liabilities | 140.1M | 133.9M | 282.0M | - |
| Equity | ||||
| Common Stock | 367.7K | 367.7K | 367.7K | 367.3K |
| Retained Earnings | -127.4M | -147.9M | -92.6M | 41.6M |
| Treasury Stock | - | - | - | - |
| Other Equity | - | - | - | - |
| Total Shareholders Equity | 563.1M | 566.4M | 642.8M | 776.1M |
| Key Metrics | ||||
| Total Debt | 131.0M | 123.0M | 278.0M | 309.0M |
| Working Capital | 0 | 0 | 0 | 0 |
Balance Sheet Composition
First Trust High Cash Flow Statement From 2021 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | 54.1M | -19.6M | -72.8M | 81.1M |
| Depreciation & Amortization | - | - | - | - |
| Stock-Based Compensation | - | - | - | - |
| Working Capital Changes | 584.6K | 3.1M | -776.5K | -12.7M |
| Operating Cash Flow | 51.4M | -18.5M | -74.8M | 66.7M |
| Investing Activities | ||||
| Capital Expenditures | - | - | - | - |
| Acquisitions | - | - | - | - |
| Investment Purchases | - | - | - | - |
| Investment Sales | - | - | - | - |
| Investing Cash Flow | - | - | - | - |
| Financing Activities | ||||
| Share Repurchases | - | - | - | - |
| Dividends Paid | -57.4M | -56.8M | -61.5M | -39.5M |
| Debt Issuance | 206.0M | 76.0M | 160.0M | 418.0M |
| Debt Repayment | -198.0M | -231.0M | -191.0M | -109.0M |
| Financing Cash Flow | -49.4M | -211.8M | -91.5M | 1.0B |
| Free Cash Flow | 49.4M | 211.8M | 91.3M | -1.0B |
| Net Change in Cash | 2.0M | -230.3M | -166.4M | 1.1B |
Cash Flow Trend
First Trust High Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
10.68
Price to Sales
9.92
Profitability Ratios
Profit Margin
0.00%
Operating Margin
0.00%
Return on Equity
9.60%
Return on Assets
7.69%
Financial Health
Debt to Equity
0.00
Per Share Data
EPS (TTM)
$1.39
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| fthy | 545.7M | 10.68 | - | 9.60% | 0.00% | 0.00 |
| BlackRock | 173.2B | 27.05 | 3.61 | 14.13% | 29.69% | 28.41 |
| Brookfield | 103.4B | 232.59 | 2.46 | 0.95% | 0.73% | 156.81 |
| WisdomTree | 2.0B | 36.16 | 4.61 | 14.25% | 15.77% | 123.48 |
| Sprott | 1.8B | 35.07 | 5.36 | 14.99% | 27.54% | 0.00 |
| SRH Total Return | 1.7B | 3.13 | 0.81 | 29.18% | 1,538.12% | 10.55 |
Financial data is updated regularly. All figures are in the company's reporting currency.