Is First Trust Senior Floating Rate Income Fund II financially healthy?
Not really
First Trust Senior Floating Rate Income Fund II carries heavy debt: it would take 3.6 years of earnings to pay it off.
The numbers behind it
Net debt / EBITDA3.6 years
Cash vs. debt$1M vs. $54M
Current ratio0.0×Short-term assets for each $1 of bills due within a year
Interest coverage13.0×How many times operating profit covers the interest bill
How we decide
We measure debt in years of earnings (net debt / EBITDA): under 1 is very comfortable, 1 to 3 is manageable, above 3 is heavy. A company that earns less than 3 times its interest bill also counts as weak.
More questions about First Trust Senior Floating Rate Income Fund II
Data as of Aug 11, 2026.